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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0288%/8h= +31.5% APRpaid last 24h +0.103%
Price spread now: Deribit against SunX−0.018%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TSM-USDT446.510get 0.0000% / 8h44m 34s$2K$5.2M10x
ShortDeribit TSM_USDC-PERPETUAL446.430.0288get 0.0036% / 1h44m 34s$4$61K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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
$60.46
Price spread: −0.018% → 0.000%
−$1.79
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$43.67
Costs to cover
0.150%
Break-even
1.9 days
Slippage unknown: SunX: live order book, 4 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago44.69 bp123.0 bp −$123doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TSMUSDC−0.0275%4h446.41−0.022%$48K$216K10xas long as short
BloFin TSM-USDT−0.0029%8h446.54+0.007%$44K$102K20xas long as short
Coinbase International TSM-PERP-INTX−0.0024%1h446.07−0.099%$357K$97K10xas long as short
Aster TSMUSDT0.0000%8h446.37−0.031%$82K$1K20xas long as short
Extended TSM-USD0.0000%1h446.44−0.016%$2K$167K10xas long as short
Binance TSMUSDT0.0000%8h446.52+0.003%$13.2M$6.8M20xas long as short
Bybit TSMUSDT0.0000%8h446.10−0.092%$2.0M$417K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h446.50−0.002%$4.0M$3.0M20xas long as short
Gate TSM_USDT0.0000%8h446.10−0.092%$1.7M$906K100xas long as short
Bitget TSMUSDT0.0000%8h446.29−0.049%$1.6M$1.5M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TSM0.0000%8h446.41−0.023%$553K$84Kas long as short
GRVT TSM_USDT_Perp0.0000%8h446.29−0.050%$15K$1.1M10xas long as short
SunX TSM-USDTlong0.0000%8h446.51long leg$2K$5.2M10x
HTX TSM-USDT0.0000%8h446.27−0.054%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h445.07−0.323%$1.5M$457K10xas long as short
Lighter RH TSM+0.0032%1h446.510.000%$231K$585K10xas long as short
Vest TSM-USD-PERP+0.0046%1h446.22−0.065%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h446.10−0.092%$10.3M$2.4M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h446.24−0.060%$196K$90K10xas long as short
SoDEX TSM-USD+0.0050%1h446.09−0.094%$145$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h446.13−0.085%$159K$22K10xas long as short
KuCoin TSMUSDTM+0.0100%8h446.17−0.076%$270K$323K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h446.45−0.013%$2110xas long as short
Aevo TSM-PERP+0.0104%1h446.49−0.004%$12510xas long as short
Phoenix TSM+0.0215%1h446.33−0.040%$217K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h450.72+0.943%$7K$38K12xas long as short
Deribit TSM_USDC-PERPETUALshort+0.0288%1h446.43−0.018%$4$61K10x
Lighter TSM+0.0336%1h446.93+0.094%$504K$166K10xas long as short