Funding arb · Price arb /

TSM

RWAall TSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Gate against Vest+0.027%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 Gate

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

The price spread pays, funding is against you. Gate is 0.027% dearer against Vest than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest TSM-USD-PERP	440.22	0.0046	pay 0.0006% / 1h	17m 06s	—	$583	25x
Short	Gate TSM_USDT	440.34	0	get 0.0000% / 8h	3h 17m	$1.7M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$9.59
Price spread: +0.027% → 0.000%: $2.73
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.87
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, just now. 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 Gate live order book, just now	3.52 bp	14.7 bp −$15	34.0 bp −$340	48.7 bp −$4,874	doesn't fit

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
Bitget TSMUSDT	−0.0206%	8h	440.63	+0.093%	$1.8M	$1.5M	20x	as long as short
edgeX TSMUSDC	−0.0059%	4h	440.93	+0.161%	$47K	$216K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	440.64	+0.094%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.54	+0.073%	$2.0M	$388K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.55	+0.075%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDTshort	0.0000%	8h	440.34	+0.027%	$1.7M	$1.1M	100x
Variational Omni TSM	0.0000%	8h	440.96	+0.168%	$546K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.65	+0.098%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.01	+0.179%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.67	+0.102%	$1.5M	$486K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	440.68	+0.104%	$496K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.52	+0.068%	$220K	$676K	10x	as long as short
Vest TSM-USD-PERPlong	+0.0046%	1h	440.22	long leg	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	440.22	0.000%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.32	+0.023%	$192K	$60K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.11	−0.025%	$140	$3K	10x	as long as short
BloFin TSM-USDT	+0.0050%	8h	440.58	+0.082%	$45K	$100K	20x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.97	−0.057%	$157K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	440.52	+0.068%	$4K	$194K	10x	as long as short
Binance TSMUSDT	+0.0067%	8h	440.71	+0.111%	$12.9M	$7.5M	20x	as long as short
GRVT TSM_USDT_Perp	+0.0081%	8h	440.78	+0.128%	$8K	$1.3M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.03	−0.043%	$367K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.24	+0.005%	$267K	$312K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.47	+0.057%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.59	+0.084%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	440.38	+0.036%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.45	+1.188%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0500%	1h	440.44	+0.050%	$4	$24K	10x	as long as short