data as of
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Funding arb /

TSM

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Funding spread now, next payment 14:00 UTC+0.0132%/8h
next payment, per $10,000+$0.17paid, last 24h+0.012%paid, last 7 days+0.155%to open and close $10k−$33
Long on Polymarket PerpsShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps TSM-USD440.800.0050pay 0.0006% / 1h25m 21s$179K$51K10x
ShortPhoenix TSM440.570.0182get 0.0023% / 1h25m 21s$214K$5K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$27.8
Slippage, 4 orders
−$17.81
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$5.01
Break-even
8.3 days
Slippage from Polymarket Perps: live order book, 28 min ago; Phoenix: live order book, 26 min ago.

Price risk

price view
Price gap now
−0.052%
Avg gap 7d
+0.059%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 28 min ago2.97 bp8.2 bp −$88.7 bp −$8710.2 bp −$1,019doesn't fit
Sell Phoenix live order book, 26 min ago2.28 bp8.7 bp −$917.3 bp −$173doesn't fitdoesn't fit

TSM on 27 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International TSM-PERP-INTX−0.0032%1h$354K$79K10xas long as short
BloFin TSM-USDT−0.0025%8h$45K$80K20xas long as short
Aster TSMUSDT0.0000%8h$81K$1K20xas long as short
Extended TSM-USD0.0000%1h$4K$166K10xas long as short
Binance TSMUSDT0.0000%8h$13.1M$5.0M20xas long as short
Bybit TSMUSDT0.0000%8h$2.0M$305K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h$3.8M$2.2M20xas long as short
Gate TSM_USDT0.0000%8h$1.8M$691K100xas long as short
Variational Omni TSM0.0000%8h$555K$102K—as long as short
SunX TSM-USDT0.0000%8h$1K$4.7M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX TSM-USDT0.0000%8h$9K$6K20xas long as short
Phemex TSMUSDT0.0000%8h$1.5M$331K10xas long as short
Lighter TSM+0.0032%1h$498K$101K10xas long as short
Lighter RH TSM+0.0032%1h$234K$1.1M10xas long as short
Vest TSM-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:TSM+0.0050%1h$10.4M$1.9M10xas long as short
Polymarket Perps TSM-USDlong+0.0050%1h$179K$51K10x
SoDEX TSM-USD+0.0050%1h$145$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h$155K$14K10xas long as short
Bitget TSMUSDT+0.0085%8h$1.8M$942K20xas long as short
KuCoin TSMUSDTM+0.0100%8h$271K$321K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h$21—10xas long as short
Aevo TSM-PERP+0.0104%1h$123—10xas long as short
Phoenix TSMshort+0.0182%1h$214K$5K10x
Injective TSM/USDC PERP+0.0220%1h$6K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0408%1h$4$59K10xas long as short
edgeX TSMUSDC+0.0592%4h$47K$214K10xas long as short