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

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: Extended against SunX−0.009%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2712.714% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.009%, 7d avg −0.019%
Together, before fees+0.058%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TSM-USDT447.250get 0.0000% / 8h7h 52m$2K$5.1M10x
ShortExtended TSM-USD447.210get 0.0000% / 1h52m 51s$4K$165K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0
Price spread: −0.009% → −0.019%
$1.01
Slippage, 4 orders
−$258.43
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$270.42
Costs to cover
2.714%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; Extended: live order book, 18 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 SunX live order book, 6 min ago45.20 bp123.4 bp −$123doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 18 min ago2.24 bp10.7 bp −$11130.4 bp −$1,304doesn't fitdoesn't fit

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
Coinbase International TSM-PERP-INTX−0.0024%1h446.95−0.067%$358K$103K10xas long as short
Aster TSMUSDT0.0000%8h447.23−0.004%$82K$1K20xas long as short
Extended TSM-USDshort0.0000%1h447.21−0.009%$4K$165K10x
Bybit TSMUSDT0.0000%8h447.08−0.038%$2.0M$412K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h447.22−0.007%$4.0M$3.0M20xas long as short
Gate TSM_USDT0.0000%8h446.97−0.063%$1.7M$888K100xas long as short
Bitget TSMUSDT0.0000%8h447.250.000%$1.6M$1.4M20xas long as short
Variational Omni TSM0.0000%8h447.30+0.012%$554K$84Kas long as short
GRVT TSM_USDT_Perp0.0000%8h447.20−0.011%$7K$1.1M10xas long as short
SunX TSM-USDTlong0.0000%8h447.25long leg$2K$5.1M10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TSM-USDT0.0000%8h447.30+0.011%$9K$9K20xas long as short
Phemex TSMUSDT0.0000%8h447.29+0.009%$1.5M$452K10xas long as short
Binance TSMUSDT+0.0003%8h447.30+0.011%$13.2M$6.9M20xas long as short
BloFin TSM-USDT+0.0031%8h447.39+0.031%$44K$102K20xas long as short
Lighter RH TSM+0.0032%1h447.35+0.022%$231K$617K10xas long as short
Vest TSM-USD-PERP+0.0046%1h447.14−0.025%25xas long as short
tradeXYZ xyz:TSM+0.0050%1h446.99−0.058%$10.3M$2.4M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h447.02−0.051%$197K$41K10xas long as short
SoDEX TSM-USD+0.0050%1h446.96−0.065%$143$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h447.09−0.036%$160K$19K10xas long as short
Lighter TSM+0.0096%1h447.79+0.121%$505K$166K10xas long as short
KuCoin TSMUSDTM+0.0100%8h446.98−0.060%$271K$312K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h447.19−0.013%$2110xas long as short
Aevo TSM-PERP+0.0104%1h446.95−0.068%$12510xas long as short
Deribit TSM_USDC-PERPETUAL+0.0130%1h447.21−0.009%$4$32K10xas long as short
Phoenix TSM+0.0179%1h447.08−0.038%$217K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h451.38+0.923%$7K$38K12xas long as short
edgeX TSMUSDC+0.0448%4h447.11−0.031%$48K$215K10xas long as short