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+0.0851%/8h= +93.2% APRpaid last 24h +0.030%
Price spread now: edgeX against Aster−0.052%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 7 days−0.071%−$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm boardneeds both histories
Funding pays, the price is against you. edgeX is 0.052% cheaper against Aster than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TSMUSDT439.550get 0.0000% / 8h1h 29m$82K$2K20x
ShortedgeX TSMUSDC439.320.0851get 0.0425% / 4h1h 29m$47K$217K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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
$178.69
Price spread: −0.052% → 0.000%
−$5.2
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$156.49
Costs to cover
0.170%
Break-even
0.9 days
Slippage unknown: Aster: no order-book sample; edgeX: live order book, 13 min ago. 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 Aster no order-book sample
Sell edgeX live order book, 13 min ago5.69 bp10.4 bp −$1013.1 bp −$131doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TSMUSDT−0.0230%8h439.50−0.011%$1.7M$1.5M20xas long as short
Aster TSMUSDTlong0.0000%8h439.55long leg$82K$2K20x
Bybit TSMUSDT0.0000%8h439.27−0.063%$2.0M$398K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h439.45−0.022%$4.0M$2.6M20xas long as short
Gate TSM_USDT0.0000%8h439.29−0.059%$1.7M$1.1M100xas long as short
Variational Omni TSM0.0000%8h439.41−0.031%$557K$37Kas long as short
SunX TSM-USDT0.0000%8h439.52−0.006%$2K$4.1M10xas long as short
HTX TSM-USDT0.0000%8h439.32−0.052%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h440.64+0.248%$1.5M$517K10xas long as short
Lighter TSM+0.0032%1h439.550.000%$495K$137K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH TSM+0.0032%1h439.34−0.047%$224K$684K10xas long as short
Vest TSM-USD-PERP+0.0046%1h439.03−0.118%$1K25xas long as short
Coinbase International TSM-PERP-INTX+0.0048%1h439.33−0.050%$366K$102K10xas long as short
tradeXYZ xyz:TSM+0.0050%1h439.21−0.077%$10.2M$1.7M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h439.18−0.084%$189K$68K10xas long as short
SoDEX TSM-USD+0.0050%1h439.03−0.118%$136$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h438.68−0.197%$157K$27K10xas long as short
BloFin TSM-USDT+0.0066%8h439.53−0.004%$45K$106K20xas long as short
Binance TSMUSDT+0.0078%8h439.53−0.004%$12.9M$7.9M20xas long as short
Extended TSM-USD+0.0080%1h439.42−0.028%$3K$162K10xas long as short
GRVT TSM_USDT_Perp+0.0088%8h439.40−0.034%$14K$1.3M10xas long as short
KuCoin TSMUSDTM+0.0100%8h439.18−0.084%$267K$311K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h439.45−0.022%$2110xas long as short
Aevo TSM-PERP+0.0104%1h439.52−0.006%$12310xas long as short
Phoenix TSM+0.0164%1h439.25−0.068%$214K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h444.27+1.074%$6K$38K12xas long as short
edgeX TSMUSDCshort+0.0851%4h439.32−0.052%$47K$217K10x
Deribit TSM_USDC-PERPETUAL+0.0866%1h439.39−0.036%$4$25K10xas long as short