Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

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 0.000%

Price spread now: OKX against Gate+0.041%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.041%, 7d avg +0.017%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	440.92	0	get 0.0000% / 8h	2h 46m	$1.7M	$1.1M	100x
Short	OKX TSM-USDT-SWAP	441.10	0	get 0.0000% / 8h	2h 46m	$4.0M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.017%: $2.37
Slippage, 4 orders: −$24.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$46.77
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 min ago.

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 Gate live order book, 1 min ago	4.20 bp	13.9 bp −$14	88.6 bp −$886	146.5 bp −$14.6K	doesn't fit
Sell OKX live order book, 1 min ago	0.68 bp	9.7 bp −$10	23.4 bp −$234	doesn't fit	doesn't fit

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
Bitget TSMUSDT	−0.0173%	8h	441.02	+0.023%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.04	+0.027%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.85	−0.016%	$2.0M	$396K	50x	as long as short
OKX TSM-USDT-SWAPshort	0.0000%	8h	441.10	+0.041%	$4.0M	$2.5M	20x
Gate TSM_USDTlong	0.0000%	8h	440.92	long leg	$1.7M	$1.1M	100x
Variational Omni TSM	0.0000%	8h	441.03	+0.024%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.06	+0.032%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.78	+0.195%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.24	+0.073%	$1.5M	$495K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.03	+0.025%	$497K	$137K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	441.09	+0.039%	$220K	$679K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.74	−0.041%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.78	−0.032%	$10.2M	$2.0M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.86	−0.014%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.71	−0.048%	$134	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.83	−0.020%	$157K	$23K	10x	as long as short
BloFin TSM-USDT	+0.0053%	8h	441.07	+0.034%	$45K	$102K	20x	as long as short
Extended TSM-USD	+0.0056%	1h	441.00	+0.018%	$6K	$196K	10x	as long as short
Binance TSMUSDT	+0.0058%	8h	441.13	+0.048%	$12.9M	$7.6M	20x	as long as short
GRVT TSM_USDT_Perp	+0.0058%	8h	440.97	+0.011%	$9K	$1.3M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	440.03	−0.202%	$367K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.71	−0.048%	$267K	$311K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.06	+0.032%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.04	+0.027%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	441.03	+0.025%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.50	+1.039%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0385%	1h	441.09	+0.039%	$97	$24K	10x	as long as short
edgeX TSMUSDC	+0.0439%	4h	440.98	+0.014%	$48K	$217K	10x	as long as short