Funding you earn now, next payment 03:00 UTC−0.0445%/8h= −48.7% APRnext payment −$0.56 per $10,000 · paid last 24h −0.085%
Price spread now: SoDEX against Deribit−0.061%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$13 a day on $10k at the current rate, and SoDEX is 0.061% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 443.22 | 0.0495 | pay 0.0062% / 1h | 3m 45s | $4 | $24K | 10x |
| Short | SoDEX TSM-USD | 442.95 | 0.0050 | get 0.0006% / 1h | 3m 45s | $136 | $3K | 10x |
Deribit TSM_USDC-PERPETUAL
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$93.47
- Price spread: −0.061% → 0.000%
- −$6.09
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$114.56
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; SoDEX: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell SoDEX no order-book sample | — | — | — | — | — |
Deribit and SoDEX: 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 | −0.0119% | 4h | 443.21 | −0.003% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.55 | +0.075% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.87 | −0.079% | $2.0M | $381K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.07 | −0.034% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.08 | −0.032% | $1.7M | $962K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.45 | +0.052% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.27 | +0.011% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.27 | +0.011% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.12 | −0.023% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.45 | +0.052% | $1.5M | $446K | 10x | as long as short |
edgeX TSMUSDC
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | +0.0023% | 8h | 443.27 | +0.011% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 443.34 | +0.027% | $500K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.02 | −0.045% | $221K | $645K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.92 | −0.068% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0046% | 8h | 443.14 | −0.019% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.14 | −0.018% | $2K | $189K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.77 | −0.102% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.09 | −0.029% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 442.95 | −0.061% | $136 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.72 | −0.113% | $158K | $23K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0088% | 8h | 443.33 | +0.025% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.94 | −0.063% | $268K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.24 | +0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.27 | +0.010% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.038% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.04 | −0.041% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.182% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0495% | 1h | 443.22 | long leg | $4 | $24K | 10x |
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps 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