Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.007%

Price spread now: Vest against Binance−0.083%47s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.083% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSMUSDT	443.99	0.0050	pay 0.0050% / 8h	5h 51m	$13.1M	$6.8M	20x
Short	Vest TSM-USD-PERP	443.62	0.0046	get 0.0006% / 1h	51m 47s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee BinancebpFee VestbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$0.89
Price spread: −0.083% → 0.000%: −$8.26
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$21.15
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Vest: 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 Binance live order book, 4 min ago	0.79 bp	10.5 bp −$10	27.0 bp −$270	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 27 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
Aster TSMUSDT	0.0000%	8h	444.18	+0.043%	$82K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	443.61	−0.085%	$2.0M	$391K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	443.79	−0.044%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.78	−0.047%	$1.7M	$932K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	443.96	−0.006%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.57	−0.093%	$549K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.03	+0.010%	$2K	$4.4M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	443.76	−0.051%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.12	+0.030%	$1.5M	$441K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	443.83	−0.035%	$222K	$644K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest TSM-USD-PERPshort	+0.0046%	1h	443.62	−0.083%	—	$583	25x
Extended TSM-USD	+0.0048%	1h	443.86	−0.028%	$1K	$197K	10x	as long as short
Binance TSMUSDTlong	+0.0050%	8h	443.99	long leg	$13.1M	$6.8M	20x
tradeXYZ xyz:TSM	+0.0050%	1h	443.47	−0.116%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	443.66	−0.074%	$196K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	443.48	−0.114%	$137	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	443.41	−0.130%	$160K	$23K	10x	as long as short
Lighter TSM	+0.0064%	1h	444.07	+0.019%	$501K	$173K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.49	−0.112%	$269K	$320K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	443.95	−0.008%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	443.87	−0.025%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.28	−0.159%	$370K	$107K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0196%	8h	443.61	−0.085%	$8K	$1.1M	10x	as long as short
Phoenix TSM	+0.0217%	1h	443.63	−0.080%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.81	+0.861%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0223%	1h	443.86	−0.029%	$4	$24K	10x	as long as short
edgeX TSMUSDC	+0.0791%	4h	443.59	−0.090%	$48K	$216K	10x	as long as short