Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.045%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.045%, 7d avg +0.016%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	441.22	0	get 0.0000% / 8h	4h 37m	$1.7M	$1.0M	100x
Short	OKX TSM-USDT-SWAP	441.42	0	get 0.0000% / 8h	4h 37m	$4.0M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.016%: $2.93
Slippage, 4 orders: −$34.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$56.99
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Gate: live order book, just now; OKX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, just now	1.93 bp	11.1 bp −$11	84.0 bp −$840	146.2 bp −$14.6K	doesn't fit
Sell OKX live order book, just now	1.70 bp	12.2 bp −$12	31.6 bp −$316	doesn't fit	doesn't fit

TSM on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSMUSDC	−0.0081%	4h	441.41	+0.044%	$48K	$216K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	441.61	+0.088%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.29	+0.016%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAPshort	0.0000%	8h	441.42	+0.045%	$4.0M	$2.5M	20x
Gate TSM_USDTlong	0.0000%	8h	441.22	long leg	$1.7M	$1.0M	100x
Bitget TSMUSDT	0.0000%	8h	441.44	+0.050%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	441.51	+0.066%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.47	+0.057%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.41	+0.043%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.80	+0.131%	$1.5M	$465K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	441.65	+0.097%	$497K	$175K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	441.34	+0.027%	$220K	$643K	10x	as long as short
BloFin TSM-USDT	+0.0038%	8h	441.47	+0.057%	$45K	$99K	20x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.90	−0.073%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.06	−0.036%	$10.2M	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.16	−0.014%	$194K	$52K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.05	−0.039%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.02	−0.045%	$158K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	441.36	+0.032%	$1K	$190K	10x	as long as short
Binance TSMUSDT	+0.0065%	8h	441.43	+0.048%	$13.0M	$7.1M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.11	−0.025%	$268K	$316K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.42	+0.045%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.42	+0.045%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.097%	$368K	$102K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0122%	8h	441.58	+0.081%	$16K	$1.2M	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.34	+0.027%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.466%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0566%	1h	441.34	+0.027%	$4	$24K	10x	as long as short