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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.006%
Price spread now: Polymarket Perps against BloFin−0.118%105s7-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+0.109%+$11 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.118% cheaper against BloFin than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TSM-USDT441.680.0044pay 0.0044% / 8h4h 37m$45K$99K20x
ShortPolymarket Perps TSM-USD441.160.0050get 0.0006% / 1h37m 30s$194K$52K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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
$1.33
Price spread: −0.118% → 0.000%
−$11.77
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$30.44
Costs to cover
0.200%
Break-even
167.4 days
Slippage unknown: BloFin: no order-book sample; Polymarket Perps: live order book, 19 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 BloFin no order-book sample
Sell Polymarket Perps live order book, 19 min ago2.26 bp8.3 bp −$89.8 bp −$9811.7 bp −$1,171doesn't fit
BloFin: 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
edgeX TSMUSDC−0.0081%4h441.41−0.061%$48K$216K10xas long as short
Aster TSMUSDT0.0000%8h441.58−0.023%$82K$2K20xas long as short
Bybit TSMUSDT0.0000%8h441.31−0.084%$2.0M$395K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h441.41−0.061%$4.0M$2.5M20xas long as short
Gate TSM_USDT0.0000%8h441.22−0.104%$1.7M$1.0M100xas long as short
Bitget TSMUSDT0.0000%8h441.43−0.057%$1.7M$1.4M20xas long as short
Variational Omni TSM0.0000%8h441.51−0.038%$547K$40Kas long as short
SunX TSM-USDT0.0000%8h441.47−0.048%$1K$4.3M10xas long as short
HTX TSM-USDT0.0000%8h441.41−0.061%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h441.80+0.027%$1.5M$464K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter TSM+0.0032%1h441.64−0.009%$497K$175K10xas long as short
Lighter RH TSM+0.0032%1h441.34−0.077%$220K$643K10xas long as short
BloFin TSM-USDTlong+0.0044%8h441.68long leg$45K$99K20x
Vest TSM-USD-PERP+0.0046%1h440.90−0.177%$58325xas long as short
tradeXYZ xyz:TSM+0.0050%1h441.06−0.140%$10.2M$2.2M10xas long as short
Polymarket Perps TSM-USDshort+0.0050%1h441.16−0.118%$194K$52K10x
SoDEX TSM-USD+0.0050%1h441.05−0.143%$138$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h441.02−0.149%$158K$23K10xas long as short
Extended TSM-USD+0.0064%1h441.37−0.070%$1K$190K10xas long as short
Binance TSMUSDT+0.0065%8h441.47−0.048%$13.0M$7.1M20xas long as short
KuCoin TSMUSDTM+0.0100%8h441.12−0.127%$268K$316K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h441.39−0.066%$2110xas long as short
Aevo TSM-PERP+0.0104%1h441.40−0.062%$12410xas long as short
Coinbase International TSM-PERP-INTX+0.0120%1h440.79−0.202%$368K$102K10xas long as short
GRVT TSM_USDT_Perp+0.0122%8h441.58−0.023%$16K$1.2M10xas long as short
Phoenix TSM+0.0199%1h441.34−0.077%$215K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h447.69+1.361%$7K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0589%1h441.35−0.075%$4$24K10xas long as short