Funding you earn now, next payment 05:00 UTC−0.0590%/8h= −64.6% APRpaid last 24h −0.102%
Price spread now: OKX against Deribit+0.020%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
The price spread pays, funding is against you. OKX is 0.020% dearer against Deribit than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 3 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 440.71 | 0.0590 | pay 0.0074% / 1h | 24m 55s | $4 | $24K | 10x |
| Short | OKX TSM-USDT-SWAP | 440.80 | 0 | get 0.0000% / 8h | 3h 24m | $4.0M | $2.5M | 20x |
Deribit TSM_USDC-PERPETUAL
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$123.95
- Price spread: +0.020% → 0.000%
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$138.91
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.91 bp | 12.9 bp −$13 | 27.1 bp −$271 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0782% | 4h | 441.17 | +0.104% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0199% | 8h | 441.05 | +0.077% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.84 | +0.029% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.71 | 0.000% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 440.80 | +0.020% | $4.0M | $2.5M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 440.69 | −0.005% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.93 | +0.050% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.82 | +0.025% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.91 | +0.045% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.97 | +0.059% | $1.5M | $484K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.85 | +0.032% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.77 | +0.014% | $223K | $671K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.41 | −0.068% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.36 | −0.079% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.52 | −0.043% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.38 | −0.075% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.56 | −0.034% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDT | +0.0070% | 8h | 440.83 | +0.027% | $12.9M | $7.5M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 440.73 | +0.005% | $2K | $195K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.154% | $367K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0091% | 8h | 440.81 | +0.023% | $45K | $100K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0095% | 8h | 440.92 | +0.048% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.45 | −0.059% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.77 | +0.014% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.83 | +0.027% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.09 | +0.086% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.74 | +1.141% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0590% | 1h | 440.71 | long leg | $4 | $24K | 10x |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP