Funding you earn now, next payment 06:00 UTC−0.0352%/8h= −38.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.091%
Price spread now: Extended against Deribit+0.014%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 440.96 | 0.0408 | pay 0.0051% / 1h | 52m 34s | $4 | $24K | 10x |
| Short | Extended TSM-USD | 441.02 | 0.0056 | get 0.0007% / 1h | 52m 34s | $6K | $196K | 10x |
Deribit TSM_USDC-PERPETUAL
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$73.94
- Price spread: +0.014% → 0.000%
- $1.45
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$84.49
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 59 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 Extended live order book, 59 min ago | 1.48 bp | 9.3 bp −$9 | 108.5 bp −$1,085 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0189% | 8h | 440.92 | −0.009% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.96 | 0.000% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.86 | −0.023% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.10 | +0.032% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.88 | −0.018% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.18 | +0.051% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.07 | +0.025% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.11 | +0.034% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.27 | +0.070% | $1.5M | $494K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.03 | +0.016% | $497K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 441.04 | +0.018% | $220K | $676K | 10x | as long as short |
| BloFin TSM-USDT | +0.0044% | 8h | 441.12 | +0.036% | $45K | $101K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.70 | −0.059% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.70 | −0.059% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.81 | −0.034% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.58 | −0.086% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.96 | 0.000% | $157K | $23K | 10x | as long as short |
| Extended TSM-USDshort | +0.0056% | 1h | 441.02 | +0.014% | $6K | $196K | 10x | |
| Binance TSMUSDT | +0.0059% | 8h | 441.19 | +0.052% | $12.9M | $7.6M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0069% | 8h | 440.99 | +0.007% | $9K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.211% | $367K | $102K | 10x | as long as short |
| edgeX TSMUSDC | +0.0077% | 4h | 441.07 | +0.024% | $48K | $216K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.67 | −0.066% | $267K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.91 | −0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.98 | +0.005% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 441.05 | +0.020% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.33 | +0.991% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0408% | 1h | 440.96 | long leg | $4 | $24K | 10x |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
edgeX TSMUSDC
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP