Funding arb · Price arb /

TSM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0046%/8hpaid last 24h +0.014%

Price spread now: Vest against SunX−0.027%7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.027% cheaper against SunX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 47 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	SunX TSM-USDT	445.37	0	get 0.0000% / 8h	4h 23m	$1K	$5.3M	10x
Short	Vest TSM-USD-PERP	445.25	0.0046	get 0.0006% / 1h	23m 03s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee SunXbpFee VestbpOrdersPrice spread, now −0.027%Rate

Funding earned: $9.59
Price spread: −0.027% → 0.000%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$3.1
Costs to cover: 0.100%
Break-even: 9.3 days

Slippage unknown: SunX: live order book, 9 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 SunX live order book, 9 min ago	45.22 bp	123.5 bp −$123	doesn't fit	doesn't fit	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
edgeX TSMUSDC	−0.0242%	4h	445.51	+0.032%	$48K	$215K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0040%	1h	444.71	−0.148%	$358K	$89K	10x	as long as short
BloFin TSM-USDT	−0.0011%	8h	445.35	−0.004%	$45K	$100K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	445.29	−0.018%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	445.29	−0.018%	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	445.33	−0.009%	$13.1M	$6.5M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	445.19	−0.040%	$2.0M	$378K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	445.32	−0.011%	$4.0M	$3.0M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	445.14	−0.052%	$1.7M	$884K	100x	as long as short
Variational Omni TSM	0.0000%	8h	445.48	+0.024%	$557K	$81K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSM_USDT_Perp	0.0000%	8h	445.49	+0.027%	$10K	$895K	10x	as long as short
SunX TSM-USDTlong	0.0000%	8h	445.37	long leg	$1K	$5.3M	10x
HTX TSM-USDT	0.0000%	8h	445.19	−0.040%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.81	−0.126%	$1.5M	$439K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	445.54	+0.038%	$206K	$671K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	445.25	−0.027%	—	—	25x
Bitget TSMUSDT	+0.0049%	8h	445.14	−0.052%	$1.6M	$1.5M	20x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	445.11	−0.058%	$10.3M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	445.14	−0.052%	$188K	$82K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	445.10	−0.061%	$151	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	444.96	−0.092%	$158K	$18K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	445.05	−0.072%	$273K	$318K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	445.41	+0.009%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	445.42	+0.011%	$125	—	10x	as long as short
Phoenix TSM	+0.0162%	1h	445.44	+0.016%	$217K	$5K	10x	as long as short
Lighter TSM	+0.0208%	1h	445.96	+0.132%	$504K	$154K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.01	+1.042%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0334%	1h	445.39	+0.004%	$4	$61K	10x	as long as short