Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.001%

Price spread now: Vest against Bitget−0.060%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 pays, the price is against you. Vest is 0.060% cheaper against Bitget than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TSMUSDT	446.48	0	get 0.0000% / 8h	40m 26s	$1.6M	$1.5M	20x
Short	Vest TSM-USD-PERP	446.21	0.0046	get 0.0006% / 1h	40m 26s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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 BitgetbpFee VestbpOrdersPrice spread, now −0.060%Rate

Funding earned: $9.59
Price spread: −0.060% → 0.000%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$10.45
Costs to cover: 0.140%
Break-even: 14.6 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.24 bp	15.9 bp −$16	29.6 bp −$296	55.2 bp −$5,521	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 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
edgeX TSMUSDC	−0.0715%	4h	446.47	−0.002%	$48K	$216K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0024%	1h	446.07	−0.092%	$357K	$97K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	446.34	−0.032%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	446.44	−0.009%	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	446.51	+0.007%	$13.2M	$6.7M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	446.13	−0.078%	$2.0M	$415K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	446.42	−0.013%	$4.0M	$3.0M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	446.07	−0.092%	$1.7M	$907K	100x	as long as short
Bitget TSMUSDTlong	0.0000%	8h	446.48	long leg	$1.6M	$1.5M	20x
Variational Omni TSM	0.0000%	8h	446.41	−0.016%	$553K	$84K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSM_USDT_Perp	0.0000%	8h	446.47	−0.003%	$7K	$1.1M	10x	as long as short
SunX TSM-USDT	0.0000%	8h	446.49	+0.002%	$2K	$5.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	446.37	−0.025%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.99	−0.334%	$1.5M	$455K	10x	as long as short
BloFin TSM-USDT	+0.0007%	8h	446.49	+0.002%	$44K	$102K	20x	as long as short
Lighter RH TSM	+0.0032%	1h	446.52	+0.009%	$231K	$585K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	446.21	−0.060%	—	—	25x
tradeXYZ xyz:TSM	+0.0050%	1h	446.09	−0.087%	$10.3M	$2.4M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	446.24	−0.054%	$196K	$90K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	446.13	−0.078%	$145	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	445.95	−0.119%	$159K	$22K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	446.06	−0.094%	$271K	$323K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	446.41	−0.016%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	446.46	−0.005%	$125	—	10x	as long as short
Phoenix TSM	+0.0215%	1h	446.23	−0.056%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.72	+0.950%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0328%	1h	446.93	+0.101%	$504K	$166K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0378%	1h	446.37	−0.025%	$4	$61K	10x	as long as short