Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against OKX−0.086%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.086% cheaper against OKX than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSM-USDT-SWAP	439.65	0	get 0.0000% / 8h	32m 26s	$4.0M	$2.6M	20x
Short	Vest TSM-USD-PERP	439.27	0.0046	get 0.0006% / 1h	32m 26s	—	$2K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now −0.086%Rate

Funding earned: $9.59
Price spread: −0.086% → 0.000%: −$8.64
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$11.05
Costs to cover: 0.120%
Break-even: 15.1 days

Slippage unknown: OKX: live order book, 5 min ago; Vest: no order-book sample. Net counts fees only.

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 OKX live order book, 5 min ago	1.59 bp	8.6 bp −$9	23.5 bp −$235	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget TSMUSDT	−0.0138%	8h	439.68	+0.007%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.22	+0.358%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.26	−0.089%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAPlong	0.0000%	8h	439.65	long leg	$4.0M	$2.6M	20x
Gate TSM_USDT	0.0000%	8h	439.45	−0.045%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	439.61	−0.008%	$558K	$38K	—	as long as short
SunX TSM-USDT	0.0000%	8h	439.62	−0.007%	$2K	$4.1M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	439.38	−0.061%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.69	+0.237%	$1.5M	$529K	10x	as long as short
Lighter TSM	+0.0032%	1h	439.61	−0.009%	$496K	$188K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	439.31	−0.077%	$221K	$720K	10x	as long as short
BloFin TSM-USDT	+0.0033%	8h	439.70	+0.011%	$45K	$107K	20x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	439.27	−0.086%	—	$2K	25x
tradeXYZ xyz:TSM	+0.0050%	1h	439.13	−0.118%	$10.1M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.39	−0.059%	$190K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.07	−0.132%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.07	−0.132%	$158K	$27K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0056%	1h	439.33	−0.073%	$366K	$97K	10x	as long as short
Binance TSMUSDT	+0.0063%	8h	439.72	+0.015%	$12.8M	$8.0M	20x	as long as short
Extended TSM-USD	+0.0064%	1h	439.61	−0.009%	$8K	$216K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0074%	8h	439.52	−0.029%	$6K	$1.3M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.21	−0.100%	$267K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	439.48	−0.039%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	439.35	−0.069%	$123	—	10x	as long as short
Phoenix TSM	+0.0146%	1h	439.38	−0.061%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.02	+0.994%	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0571%	4h	439.70	+0.011%	$47K	$216K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0798%	1h	439.51	−0.032%	$4	$25K	10x	as long as short