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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Extended against Binance−0.023%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.366% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.286%+$29 on $10k
Price spread, last 2 days (all we have)−0.006%−$1 · spread now −0.023%, 7d avg −0.023%
Together, before fees+0.280%+ Points / potential airdropExtended: Active · farm board+$28 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TSMUSDT447.200get 0.0000% / 8h7h 01m$13.2M$7.0M20x
ShortExtended TSM-USD447.100get 0.0000% / 1h1m 52s$5K$204K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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: −0.023% → −0.023%
−$0.05
Slippage, 4 orders
−$21.61
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$36.65
Costs to cover
0.366%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Extended: live order book, 5 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 Binance live order book, 8 min ago0.11 bp9.7 bp −$1021.4 bp −$214doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.45 bp8.1 bp −$868.9 bp −$689doesn'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
Coinbase International TSM-PERP-INTX−0.0024%1h447.30+0.022%$359K$100K10xas long as short
Aster TSMUSDT0.0000%8h447.17−0.007%$82K$1K20xas long as short
Extended TSM-USDshort0.0000%1h447.10−0.023%$5K$204K10x
Binance TSMUSDTlong0.0000%8h447.20long leg$13.2M$7.0M20x
Bybit TSMUSDT0.0000%8h446.94−0.058%$2.0M$413K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h447.16−0.009%$4.0M$3.0M20xas long as short
Gate TSM_USDT0.0000%8h447.01−0.042%$1.7M$930K100xas long as short
Variational Omni TSM0.0000%8h447.45+0.056%$554K$82Kas long as short
SunX TSM-USDT0.0000%8h447.18−0.004%$2K$4.9M10xas long as short
HTX TSM-USDT0.0000%8h447.29+0.020%$9K$9K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TSMUSDT0.0000%8h447.25+0.011%$1.5M$455K10xas long as short
Bitget TSMUSDT+0.0004%8h447.37+0.038%$1.6M$1.4M20xas long as short
BloFin TSM-USDT+0.0018%8h447.29+0.020%$45K$100K20xas long as short
Lighter RH TSM+0.0032%1h447.23+0.007%$229K$657K10xas long as short
Vest TSM-USD-PERP+0.0046%1h447.01−0.042%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h446.85−0.078%$10.3M$2.3M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h447.04−0.036%$198K$42K10xas long as short
SoDEX TSM-USD+0.0050%1h446.90−0.067%$146$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h447.27+0.016%$158K$22K10xas long as short
GRVT TSM_USDT_Perp+0.0065%8h447.55+0.079%$13K$1.1M10xas long as short
KuCoin TSMUSDTM+0.0100%8h446.97−0.051%$271K$314K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h447.11−0.020%$2110xas long as short
Aevo TSM-PERP+0.0104%1h447.21+0.003%$12510xas long as short
Phoenix TSM+0.0179%1h447.42+0.049%$218K$5K10xas long as short
edgeX TSMUSDC+0.0217%4h447.45+0.055%$48K$216K10xas long as short
Injective TSM/USDC PERP+0.0220%1h452.09+1.093%$7K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0265%1h447.09−0.025%$98$32K10xas long as short
Lighter TSM+0.0320%1h447.89+0.154%$505K$167K10xas long as short