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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Bitget against Gate+0.070%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$600.598% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 7 days−0.001%$0 · spread now +0.070%, 7d avg +0.068%
Together, before fees+0.043%+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TSM_USDT443.400get 0.0000% / 8h5h 56m$1.7M$910K100x
ShortBitget TSMUSDT443.710get 0.0000% / 8h5h 56m$1.7M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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: +0.070% → +0.068%
$0.21
Slippage, 4 orders
−$32.83
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$59.62
Costs to cover
0.598%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; Bitget: 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 Gate live order book, 1 min ago0.11 bp14.8 bp −$15105.4 bp −$1,054147.0 bp −$14.7Kdoesn't fit
Sell Bitget live order book, 5 min ago2.59 bp12.5 bp −$1223.3 bp −$233doesn't fitdoesn't fit

TSM on 27 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
Aster TSMUSDT0.0000%8h443.82+0.096%$81K$1K20xas long as short
Bybit TSMUSDT0.0000%8h443.38−0.005%$2.0M$391K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h443.62+0.050%$4.0M$2.4M20xas long as short
Gate TSM_USDTlong0.0000%8h443.40long leg$1.7M$910K100x
Bitget TSMUSDTshort0.0000%8h443.71+0.070%$1.7M$1.4M20x
Variational Omni TSM0.0000%8h443.52+0.026%$549K$61Kas long as short
SunX TSM-USDT0.0000%8h443.45+0.011%$2K$4.4M10xas long as short
HTX TSM-USDT0.0000%8h443.27−0.029%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h443.78+0.086%$1.5M$442K10xas long as short
Lighter RH TSM+0.0032%1h443.49+0.020%$222K$644K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest TSM-USD-PERP+0.0046%1h442.87−0.120%$58325xas long as short
Binance TSMUSDT+0.0047%8h443.65+0.056%$13.0M$6.8M20xas long as short
Extended TSM-USD+0.0048%1h443.55+0.033%$4K$195K10xas long as short
tradeXYZ xyz:TSM+0.0050%1h443.30−0.023%$10.2M$2.3M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h443.20−0.045%$196K$51K10xas long as short
SoDEX TSM-USD+0.0050%1h442.97−0.097%$136$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h443.02−0.086%$159K$23K10xas long as short
edgeX TSMUSDC+0.0066%4h443.52+0.027%$48K$217K10xas long as short
KuCoin TSMUSDTM+0.0100%8h443.22−0.041%$269K$319K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h443.50+0.023%$2110xas long as short
Aevo TSM-PERP+0.0104%1h443.56+0.036%$12410xas long as short
Lighter TSM+0.0136%1h443.98+0.131%$501K$173K10xas long as short
Coinbase International TSM-PERP-INTX+0.0152%1h443.28−0.027%$370K$107K10xas long as short
Phoenix TSM+0.0179%1h443.14−0.059%$216K$5K10xas long as short
GRVT TSM_USDT_Perp+0.0200%8h443.19−0.047%$8K$1.1M10xas long as short
Injective TSM/USDC PERP+0.0220%1h447.81+0.995%$7K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0585%1h443.41+0.002%$4$24K10xas long as short