Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Aster against Vest+0.086%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.086% dearer against Vest than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest TSM-USD-PERP	443.90	0.0046	pay 0.0006% / 1h	15m 49s	—	$583	25x
Short	Aster TSMUSDT	444.28	0	get 0.0000% / 8h	6h 15m	$82K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$9.59
Price spread: +0.086% → 0.000%: $8.63
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.96
Costs to cover: 0.100%
Break-even: never at this rate

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

Vest and Aster: 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 27 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
Aster TSMUSDTshort	0.0000%	8h	444.28	+0.086%	$82K	$1K	20x
Bybit TSMUSDT	0.0000%	8h	443.74	−0.036%	$2.0M	$387K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	443.91	+0.002%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.97	+0.016%	$1.7M	$986K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	444.43	+0.119%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	444.23	+0.074%	$550K	$82K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.33	+0.097%	$1K	$4.5M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	444.16	+0.059%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.38	+0.108%	$1.5M	$446K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0016%	1h	444.30	+0.090%	$371K	$105K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TSMUSDT	+0.0020%	8h	444.11	+0.047%	$13.0M	$6.8M	20x	as long as short
Extended TSM-USD	+0.0024%	1h	444.04	+0.031%	$4K	$197K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	444.21	+0.070%	$229K	$637K	10x	as long as short
Vest TSM-USD-PERPlong	+0.0046%	1h	443.90	long leg	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	443.56	−0.077%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	444.02	+0.027%	$197K	$48K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	443.82	−0.018%	$138	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	443.75	−0.034%	$160K	$24K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.86	−0.009%	$270K	$316K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	444.29	+0.088%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	444.21	+0.070%	$124	—	10x	as long as short
GRVT TSM_USDT_Perp	+0.0140%	8h	444.34	+0.100%	$9K	$1.1M	10x	as long as short
Phoenix TSM	+0.0179%	1h	444.14	+0.054%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	449.49	+1.259%	$7K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0348%	4h	444.28	+0.085%	$48K	$216K	10x	as long as short
Lighter TSM	+0.0376%	1h	444.77	+0.196%	$502K	$170K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0561%	1h	444.09	+0.043%	$98	$24K	10x	as long as short