Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against HTX−0.118%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.118% cheaper against HTX than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TSM-USDT	441.55	0	get 0.0000% / 8h	4h 36m	$9K	$8K	20x
Short	Vest TSM-USD-PERP	441.03	0.0046	get 0.0006% / 1h	36m 08s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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 HTXbpFee VestbpOrdersPrice spread, now −0.118%Rate

Funding earned: $9.59
Price spread: −0.118% → 0.000%: −$11.78
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$16.18
Costs to cover: 0.140%
Break-even: 18.8 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

HTX and 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
edgeX TSMUSDC	−0.0081%	4h	441.41	−0.031%	$48K	$216K	10x	as long as short
Bitget TSMUSDT	−0.0007%	8h	441.63	+0.018%	$1.7M	$1.4M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.62	+0.015%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.34	−0.048%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.50	−0.011%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.29	−0.059%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.54	−0.003%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.61	+0.014%	$1K	$4.3M	10x	as long as short
HTX TSM-USDTlong	0.0000%	8h	441.55	long leg	$9K	$8K	20x
Phemex TSMUSDT	0.0000%	8h	441.92	+0.084%	$1.5M	$466K	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	441.68	+0.029%	$497K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	441.36	−0.043%	$220K	$643K	10x	as long as short
BloFin TSM-USDT	+0.0038%	8h	441.47	−0.018%	$45K	$99K	20x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	441.03	−0.118%	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	441.07	−0.109%	$10.2M	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.19	−0.082%	$194K	$53K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.09	−0.104%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.02	−0.120%	$158K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	441.42	−0.029%	$1K	$190K	10x	as long as short
Binance TSMUSDT	+0.0065%	8h	441.56	+0.003%	$13.0M	$7.1M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.14	−0.093%	$268K	$315K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.41	−0.032%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.42	−0.030%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.172%	$368K	$102K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0122%	8h	441.58	+0.006%	$16K	$1.2M	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.34	−0.048%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.391%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0634%	1h	441.41	−0.032%	$4	$24K	10x	as long as short