Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%

Price spread now: Aster against tradeXYZ+0.133%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.133% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:TSM	441.08	0.0050	pay 0.0006% / 1h	33m 51s	$10.2M	$2.2M	10x
Short	Aster TSMUSDT	441.67	0	get 0.0000% / 8h	4h 33m	$82K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$10.5
Price spread: +0.133% → 0.000%: $13.3
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.2
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 min ago; Aster: 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 tradeXYZ live order book, 5 min ago	0.79 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0021%	8h	441.57	+0.111%	$1.7M	$1.4M	20x	as long as short
Aster TSMUSDTshort	0.0000%	8h	441.67	+0.133%	$82K	$2K	20x
Bybit TSMUSDT	0.0000%	8h	441.39	+0.070%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.54	+0.104%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.29	+0.048%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.54	+0.104%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.56	+0.109%	$2K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.63	+0.125%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.92	+0.190%	$1.5M	$466K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.69	+0.138%	$497K	$176K	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	441.40	+0.073%	$220K	$643K	10x	as long as short
BloFin TSM-USDT	+0.0039%	8h	441.61	+0.120%	$45K	$99K	20x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.09	+0.002%	—	$583	25x	as long as short
tradeXYZ xyz:TSMlong	+0.0050%	1h	441.08	long leg	$10.2M	$2.2M	10x
Polymarket Perps TSM-USD	+0.0050%	1h	441.25	+0.039%	$194K	$53K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.11	+0.007%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.09	+0.002%	$158K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	441.45	+0.084%	$1K	$190K	10x	as long as short
Binance TSMUSDT	+0.0068%	8h	441.61	+0.120%	$13.0M	$7.1M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.15	+0.016%	$268K	$315K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.47	+0.088%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.46	+0.086%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.066%	$368K	$102K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0125%	8h	441.37	+0.066%	$16K	$1.2M	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.39	+0.070%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.499%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0793%	1h	441.45	+0.084%	$4	$24K	10x	as long as short
edgeX TSMUSDC	+0.0895%	4h	441.40	+0.072%	$48K	$216K	10x	as long as short