Funding you earn now, next payment 09:00 UTC+0.0676%/8h= +74.0% APRnext payment +$0.84 per $10,000 · paid last 24h +0.103%
Price spread now: Deribit against Coinbase International+0.175%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 +$20 a day on $10k at the current rate, and Deribit is 0.175% dearer against Coinbase International than usual: you sell high and buy low: +$18 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 | Coinbase International TSM-PERP-INTX | 439.42 | −0.0016 | get 0.0002% / 1h | 19m 37s | $372K | $98K | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 440.19 | 0.0660 | get 0.0082% / 1h | 19m 37s | $4 | $11K | 10x |
Coinbase International TSM-PERP-INTX
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- $141.86
- Price spread: +0.175% → 0.000%
- $17.52
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $142.38
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 31 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 Coinbase International live order book, 31 min ago | 2.51 bp | 8.3 bp −$8 | 15.0 bp −$150 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTXlong | −0.0016% | 1h | 439.42 | long leg | $372K | $98K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 440.11 | +0.156% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.97 | +0.125% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.24 | +0.187% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.99 | +0.130% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.29 | +0.198% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.18 | +0.174% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.22 | +0.182% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.13 | +0.162% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.77 | +0.080% | $1.5M | $545K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.21 | +0.180% | $496K | $143K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.77 | +0.080% | — | $2K | 25x | as long as short |
| Lighter RH TSM | +0.0048% | 1h | 440.22 | +0.182% | $195K | $726K | 10x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 440.12 | +0.160% | $5K | $215K | 10x | as long as short |
| Binance TSMUSDT | +0.0049% | 8h | 440.30 | +0.201% | $13.0M | $8.3M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.90 | +0.109% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | +0.096% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.84 | +0.096% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | +0.134% | $158K | $27K | 10x | as long as short |
| BloFin TSM-USDT | +0.0067% | 8h | 440.40 | +0.223% | $45K | $112K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.76 | +0.077% | $268K | $413K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.23 | +0.184% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.18 | +0.173% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.08 | +0.150% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.031% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0232% | 8h | 440.34 | +0.209% | $9K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0570% | 4h | 440.32 | +0.205% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0660% | 1h | 440.19 | +0.175% | $4 | $11K | 10x |
Lighter TSM
Vest TSM-USD-PERP
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
edgeX TSMUSDC