TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0418%/8h= +45.8% APRnext payment +$0.52 per $10,000 · paid last 24h +0.070%

Price spread now: Deribit against Aevo−0.021%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.021% cheaper against Aevo than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TSM-PERP	440.75	0.0104	pay 0.0013% / 1h	12m 17s	$123	—	10x
Short	Deribit TSM_USDC-PERPETUAL	440.66	0.0522	get 0.0065% / 1h	12m 17s	$4	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now −0.021%Rate

Funding earned: $87.82
Price spread: −0.021% → 0.000%: −$2.06
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $62.75
Costs to cover: 0.230%
Break-even: 2.0 days

Slippage unknown: Aevo: no order-book sample; Deribit: 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 Aevo no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Aevo and Deribit: 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	−0.0351%	4h	440.09	−0.149%	$47K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0238%	8h	440.69	−0.014%	$1.7M	$1.6M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.47	−0.063%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.59	−0.037%	$2.0M	$401K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.68	−0.016%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.51	−0.055%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.07	−0.154%	$552K	$30K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.90	+0.034%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.26	−0.111%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.33	+0.131%	$1.5M	$511K	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	440.71	−0.009%	$496K	$138K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.65	−0.023%	$220K	$681K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.35	−0.091%	—	$1K	25x	as long as short
Extended TSM-USD	+0.0048%	1h	440.68	−0.016%	$5K	$183K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0049%	8h	440.18	−0.130%	$13K	$1.3M	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.39	−0.082%	$10.2M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.46	−0.066%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.13	−0.141%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.97	−0.177%	$158K	$27K	10x	as long as short
Binance TSMUSDT	+0.0051%	8h	440.83	+0.019%	$12.9M	$7.8M	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	439.33	−0.322%	$366K	$102K	10x	as long as short
BloFin TSM-USDT	+0.0078%	8h	440.38	−0.084%	$45K	$103K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.21	−0.123%	$267K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.53	−0.050%	$21	—	10x	as long as short
Aevo TSM-PERPlong	+0.0104%	1h	440.75	long leg	$123	—	10x
Phoenix TSM	+0.0163%	1h	440.13	−0.141%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.65	+0.885%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUALshort	+0.0522%	1h	440.66	−0.021%	$4	$24K	10x