Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against BloFin−0.108%108s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: 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: tradeXYZ is 0.108% cheaper against BloFin than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 108 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	BloFin TSM-USDT	444.16	0.0041	pay 0.0041% / 8h	5h 21m	$45K	$98K	20x
Short	tradeXYZ xyz:TSM	443.68	0.0050	get 0.0006% / 1h	21m 18s	$10.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.108%Rate

Funding earned: $1.82
Price spread: −0.108% → 0.000%: −$10.81
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.99
Costs to cover: 0.300%
Break-even: 157.4 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 6 min ago. 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 BloFin no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 6 min ago	1.01 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSMUSDC	−0.0056%	4h	443.94	−0.050%	$48K	$216K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	444.25	+0.021%	$82K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	443.80	−0.081%	$2.0M	$392K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	444.04	−0.027%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.92	−0.054%	$1.7M	$958K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	444.12	−0.009%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.96	−0.044%	$550K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.17	+0.002%	$2K	$4.4M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	443.92	−0.054%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.16	0.000%	$1.5M	$445K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	444.33	+0.038%	$501K	$173K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	444.04	−0.027%	$221K	$645K	10x	as long as short
Extended TSM-USD	+0.0032%	1h	444.01	−0.035%	$1K	$191K	10x	as long as short
Binance TSMUSDT	+0.0033%	8h	444.13	−0.008%	$13.0M	$6.8M	20x	as long as short
BloFin TSM-USDTlong	+0.0041%	8h	444.16	long leg	$45K	$98K	20x
Vest TSM-USD-PERP	+0.0046%	1h	443.83	−0.074%	—	$583	25x	as long as short
tradeXYZ xyz:TSMshort	+0.0050%	1h	443.68	−0.108%	$10.2M	$2.3M	10x
Polymarket Perps TSM-USD	+0.0050%	1h	443.86	−0.068%	$197K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	443.79	−0.083%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	443.38	−0.176%	$159K	$23K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0086%	8h	444.05	−0.025%	$9K	$1.1M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.70	−0.104%	$269K	$319K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	443.95	−0.047%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	444.06	−0.022%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.28	−0.198%	$370K	$107K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0178%	1h	444.03	−0.029%	$4	$24K	10x	as long as short
Phoenix TSM	+0.0217%	1h	444.01	−0.034%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	448.49	+0.975%	$7K	$38K	12x	as long as short