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

TSM

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SwapBacktest
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: Gate against SunX−0.057%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2802.804% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.057%, 7d avg −0.053%
Together, before fees+0.029%+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TSM-USDT440.280get 0.0000% / 8h16m 30s$2K$4.1M10x
ShortGate TSM_USDT440.030get 0.0000% / 8h16m 30s$1.7M$1.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.057% → −0.053%
−$0.34
Slippage, 4 orders
−$257.38
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$280.72
Costs to cover
2.804%
Break-even
never at this rate
Slippage from SunX: live order book, 12 min ago; Gate: live order book, 1 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, 12 min ago44.68 bp123.1 bp −$123doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago5.57 bp16.6 bp −$1739.3 bp −$39355.6 bp −$5,556doesn'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
Bitget TSMUSDT−0.0074%8h439.83−0.102%$1.7M$1.5M20xas long as short
Aster TSMUSDT0.0000%8h440.10−0.041%$82K$2K20xas long as short
Bybit TSMUSDT0.0000%8h439.84−0.100%$2.0M$400K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h440.20−0.018%$4.0M$2.6M20xas long as short
Gate TSM_USDTshort0.0000%8h440.03−0.057%$1.7M$1.1M100x
Variational Omni TSM0.0000%8h440.02−0.058%$559K$38Kas long as short
SunX TSM-USDTlong0.0000%8h440.28long leg$2K$4.1M10x
HTX TSM-USDT0.0000%8h440.21−0.016%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h440.76+0.109%$1.5M$526K10xas long as short
Lighter TSM+0.0032%1h440.02−0.059%$495K$190K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH TSM+0.0032%1h440.01−0.061%$222K$725K10xas long as short
Vest TSM-USD-PERP+0.0046%1h439.72−0.127%$2K25xas long as short
BloFin TSM-USDT+0.0048%8h440.280.000%$45K$107K20xas long as short
tradeXYZ xyz:TSM+0.0050%1h439.69−0.134%$10.1M$1.8M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h439.84−0.100%$190K$68K10xas long as short
SoDEX TSM-USD+0.0050%1h439.73−0.125%$135$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h439.64−0.145%$157K$28K10xas long as short
Coinbase International TSM-PERP-INTX+0.0056%1h439.33−0.216%$366K$97K10xas long as short
Binance TSMUSDT+0.0062%8h440.23−0.011%$12.9M$7.9M20xas long as short
Extended TSM-USD+0.0064%1h440.12−0.037%$3K$221K10xas long as short
GRVT TSM_USDT_Perp+0.0077%8h440.10−0.041%$15K$1.3M10xas long as short
KuCoin TSMUSDTM+0.0100%8h439.60−0.154%$266K$309K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h440.19−0.020%$2110xas long as short
Aevo TSM-PERP+0.0104%1h440.18−0.024%$12310xas long as short
Phoenix TSM+0.0146%1h439.98−0.068%$214K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h444.02+0.849%$6K$38K12xas long as short
Deribit TSM_USDC-PERPETUAL+0.0409%1h440.08−0.045%$4$25K10xas long as short
edgeX TSMUSDC+0.0599%4h440.13−0.035%$47K$217K10xas long as short