Settings8H · net · $10k
Funding arb · Price arb /

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Phemex−0.009%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$333as in the Price arb table
costs, in and out, $10k−$3343.345% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.009%, 7d avg −0.020%
Together, before fees+0.007%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TSMUSDT438.970get 0.0000% / 8h7h 20m$1.5M$538K10x
ShortSunX TSM-USDT438.930get 0.0000% / 8h7h 20m$2K$4.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Phemex. 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

Funding earned
$0
Price spread: −0.009% → −0.020%
$1.04
Slippage, 4 orders
−$314.5
Fee Phemex: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$333.46
Costs to cover
3.345%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago11.87 bp37.5 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 8 min ago45.02 bp127.1 bp −$127doesn't fitdoesn't fitdoesn't fit

TSM on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin TSM-USDT−0.0015%8h438.35−0.141%$45K$109K20xas long as short
Aster TSMUSDT0.0000%8h438.87−0.024%$81K$2K20xas long as short
Extended TSM-USD0.0000%1h438.80−0.040%$3K$215K10xas long as short
Binance TSMUSDT0.0000%8h438.82−0.035%$12.8M$8.2M20xas long as short
Bybit TSMUSDT0.0000%8h438.60−0.084%$2.0M$400K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h438.76−0.048%$4.0M$2.7M20xas long as short
Gate TSM_USDT0.0000%8h438.59−0.087%$1.7M$1.1M100xas long as short
Bitget TSMUSDT0.0000%8h438.90−0.016%$1.8M$1.5M20xas long as short
Variational Omni TSM0.0000%8h438.35−0.141%$549K$45Kas long as short
GRVT TSM_USDT_Perp0.0000%8h437.96−0.230%$13K$1.3M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TSM-USDTshort0.0000%8h438.93−0.009%$2K$4.0M10x
HTX TSM-USDT0.0000%8h438.85−0.027%$9K$8K20xas long as short
Phemex TSMUSDTlong0.0000%8h438.97long leg$1.5M$538K10x
Lighter TSM+0.0032%1h438.38−0.134%$494K$189K10xas long as short
Lighter RH TSM+0.0032%1h438.86−0.025%$202K$746K10xas long as short
Coinbase International TSM-PERP-INTX+0.0040%1h437.71−0.287%$370K$94K10xas long as short
Vest TSM-USD-PERP+0.0046%1h438.31−0.150%$2K25xas long as short
tradeXYZ xyz:TSM+0.0050%1h438.49−0.109%$10.0M$1.9M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h438.56−0.093%$189K$67K10xas long as short
SoDEX TSM-USD+0.0050%1h438.10−0.198%$139$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h437.79−0.269%$157K$28K10xas long as short
KuCoin TSMUSDTM+0.0100%8h438.28−0.157%$266K$350K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h438.80−0.039%$2110xas long as short
Aevo TSM-PERP+0.0104%1h438.75−0.051%$12310xas long as short
Phoenix TSM+0.0145%1h437.81−0.264%$208K$10K10xas long as short
edgeX TSMUSDC+0.0168%4h438.01−0.219%$47K$216K10xas long as short
Injective TSM/USDC PERP+0.0220%1h443.95+1.134%$6K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0388%1h438.87−0.023%$4$13K10xas long as short