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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against SunX−0.011%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TSM-USDT439.430get 0.0000% / 8h2h 26m$1K$4.2M10x
ShortOrderly PERP_TSM_USDC_mythos439.380.0100get 0.0100% / 8h2h 26m$2110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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
$21
Price spread: −0.011% → 0.000%
−$1.14
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$5.86
Costs to cover
0.140%
Break-even
5.0 days
Slippage unknown: SunX: live order book, 12 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago44.74 bp123.2 bp −$123doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TSMUSDC−0.0300%4h439.84+0.093%$47K$215K10xas long as short
Bitget TSMUSDT−0.0236%8h439.53+0.023%$1.7M$1.6M20xas long as short
Aster TSMUSDT0.0000%8h439.66+0.053%$82K$2K20xas long as short
Bybit TSMUSDT0.0000%8h439.33−0.023%$2.0M$399K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h439.37−0.014%$4.0M$2.5M20xas long as short
Gate TSM_USDT0.0000%8h439.40−0.007%$1.7M$1.1M100xas long as short
Variational Omni TSM0.0000%8h439.59+0.036%$547K$42Kas long as short
SunX TSM-USDTlong0.0000%8h439.43long leg$1K$4.2M10x
HTX TSM-USDT0.0000%8h439.69+0.059%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h440.67+0.282%$1.5M$505K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter TSM+0.0032%1h439.78+0.080%$495K$138K10xas long as short
Lighter RH TSM+0.0032%1h439.54+0.025%$219K$681K10xas long as short
BloFin TSM-USDT+0.0043%8h439.42−0.002%$45K$103K20xas long as short
Vest TSM-USD-PERP+0.0046%1h439.23−0.046%$1K25xas long as short
tradeXYZ xyz:TSM+0.0050%1h439.23−0.046%$10.2M$1.8M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h439.35−0.018%$192K$63K10xas long as short
SoDEX TSM-USD+0.0050%1h439.23−0.046%$134$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h438.98−0.102%$158K$26K10xas long as short
Extended TSM-USD+0.0056%1h439.41−0.004%$6K$181K10xas long as short
Binance TSMUSDT+0.0057%8h439.55+0.027%$12.8M$7.7M20xas long as short
GRVT TSM_USDT_Perp+0.0058%8h439.81+0.086%$8K$1.3M10xas long as short
Deribit TSM_USDC-PERPETUAL+0.0069%1h439.33−0.023%$4$24K10xas long as short
Coinbase International TSM-PERP-INTX+0.0072%1h439.33−0.023%$366K$102K10xas long as short
KuCoin TSMUSDTM+0.0100%8h439.40−0.007%$267K$309K20xas long as short
Orderly PERP_TSM_USDC_mythosshort+0.0100%8h439.38−0.011%$2110x
Aevo TSM-PERP+0.0104%1h439.44+0.003%$12310xas long as short
Phoenix TSM+0.0163%1h439.73+0.068%$214K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h444.65+1.188%$6K$38K12xas long as short