Funding you earn now, next payment 03:00 UTC+0.0585%/8h= +64.1% APRpaid last 24h +0.100%
Price spread now: Deribit against Bybit+0.061%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Deribit is 0.061% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 443.21 | 0 | get 0.0000% / 8h | 5h 10m | $2.0M | $385K | 50x |
| Short | Deribit TSM_USDC-PERPETUAL | 443.48 | 0.0585 | get 0.0073% / 1h | 10m 48s | $4 | $24K | 10x |
Bybit TSMUSDT
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $122.85
- Price spread: +0.061% → 0.000%
- $6.09
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $110.94
- Costs to cover
- 0.180%
- Break-even
- 0.7 days
Slippage unknown: Bybit: live order book, 6 min ago; 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 Bybit live order book, 6 min ago | 1.92 bp | 11.0 bp −$11 | 69.6 bp −$696 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | −0.0953% | 4h | 443.37 | +0.037% | $48K | $215K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.78 | +0.129% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 443.21 | long leg | $2.0M | $385K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.46 | +0.056% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.37 | +0.036% | $1.7M | $960K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.58 | +0.083% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.57 | +0.081% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.57 | +0.081% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.09 | −0.027% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.63 | +0.095% | $1.5M | $446K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | +0.0026% | 8h | 443.63 | +0.095% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 443.65 | +0.099% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.43 | +0.050% | $221K | $645K | 10x | as long as short |
| Binance TSMUSDT | +0.0039% | 8h | 443.61 | +0.091% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 443.45 | +0.054% | $2K | $189K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.04 | −0.038% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.13 | −0.018% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.36 | +0.034% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.11 | −0.023% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.12 | −0.020% | $158K | $23K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0081% | 8h | 443.39 | +0.040% | $8K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.27 | +0.014% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.51 | +0.068% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.50 | +0.065% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.036% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.28 | +0.016% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.185% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0585% | 1h | 443.48 | +0.061% | $4 | $24K | 10x |
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Binance TSMUSDT
Extended TSM-USD
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP