Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Gate−0.023%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.023% cheaper against Gate than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 40 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	440.47	0	get 0.0000% / 8h	3h 15m	$1.7M	$1.1M	100x
Short	Vest TSM-USD-PERP	440.37	0.0046	get 0.0006% / 1h	15m 14s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.023%Rate

Funding earned: $9.59
Price spread: −0.023% → 0.000%: −$2.27
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$9.68
Costs to cover: 0.170%
Break-even: 14.1 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	3.52 bp	14.4 bp −$14	90.2 bp −$902	145.5 bp −$14.6K	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
Bitget TSMUSDT	−0.0208%	8h	440.81	+0.077%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.77	+0.067%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.58	+0.025%	$2.0M	$388K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.65	+0.041%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDTlong	0.0000%	8h	440.47	long leg	$1.7M	$1.1M	100x
Variational Omni TSM	0.0000%	8h	440.72	+0.057%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.83	+0.082%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.75	+0.064%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.83	+0.082%	$1.5M	$486K	10x	as long as short
Lighter TSM	+0.0032%	1h	440.80	+0.075%	$496K	$176K	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	440.70	+0.052%	$220K	$676K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	440.37	−0.023%	—	$583	25x
edgeX TSMUSDC	+0.0046%	4h	440.57	+0.023%	$47K	$217K	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.31	−0.036%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.43	−0.009%	$192K	$60K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.32	−0.034%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.97	−0.114%	$156K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	440.65	+0.040%	$4K	$194K	10x	as long as short
Binance TSMUSDT	+0.0067%	8h	440.77	+0.068%	$12.9M	$7.5M	20x	as long as short
GRVT TSM_USDT_Perp	+0.0076%	8h	440.63	+0.036%	$10K	$1.3M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.03	−0.100%	$367K	$102K	10x	as long as short
BloFin TSM-USDT	+0.0095%	8h	440.79	+0.073%	$45K	$101K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.31	−0.036%	$268K	$312K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.60	+0.030%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.71	+0.055%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	440.38	−0.020%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.45	+1.131%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0363%	1h	440.80	+0.075%	$4	$24K	10x	as long as short