Funding you earn now, next payment 09:00 UTC−0.0433%/8h= −47.4% APRpaid last 24h −0.018%
Price spread now: edgeX against Deribit+0.027%75s7-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
=The price spread pays, funding is against you. edgeX is 0.027% dearer against Deribit 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 −$13 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 439.91 | 0.0706 | pay 0.0088% / 1h | 0m 05s | $4 | $13K | 10x |
| Short | edgeX TSMUSDC | 440.03 | 0.0273 | get 0.0136% / 4h | 3h 00m | $47K | $217K | 10x |
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Deribit. 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
- −$90.93
- Price spread: +0.027% → 0.000%
- $2.67
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$104.25
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 32 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 32 min ago | 6.40 bp | 11.1 bp −$11 | 13.7 bp −$137 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 439.81 | −0.022% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.65 | −0.059% | $2.0M | $402K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.02 | +0.025% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.81 | −0.023% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.03 | +0.027% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.05 | +0.033% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.14 | +0.052% | $2K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.057% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.60 | −0.070% | $1.5M | $543K | 10x | as long as short |
| BloFin TSM-USDT | +0.0023% | 8h | 440.16 | +0.057% | $45K | $110K | 20x | 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 TSMUSDT
BloFin TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0024% | 1h | 439.95 | +0.009% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDT | +0.0025% | 8h | 440.11 | +0.045% | $12.9M | $8.3M | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.78 | −0.030% | $495K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.82 | −0.020% | $196K | $754K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 439.24 | −0.152% | $371K | $98K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.38 | −0.120% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.50 | −0.093% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.54 | −0.084% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.60 | −0.070% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.48 | −0.098% | $158K | $27K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.44 | −0.107% | $267K | $369K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.93 | +0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.89 | −0.005% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.51 | −0.091% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.918% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0245% | 8h | 439.98 | +0.015% | $4K | $1.3M | 10x | as long as short |
| edgeX TSMUSDCshort | +0.0273% | 4h | 440.03 | +0.027% | $47K | $217K | 10x | |
| Deribit TSM_USDC-PERPETUALlong | +0.0706% | 1h | 439.91 | long leg | $4 | $13K | 10x |
Extended TSM-USD
Binance TSMUSDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp