Funding you earn now, next payment 09:00 UTC+0.0579%/8h= +63.4% APRnext payment +$0.72 per $10,000 · paid last 24h +0.088%
Price spread now: Deribit against Extended+0.003%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: +$17 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 438.17 | 0.0016 | pay 0.0002% / 1h | 46m 12s | $3K | $219K | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 438.18 | 0.0595 | get 0.0074% / 1h | 46m 12s | $4 | $13K | 10x |
Extended TSM-USD
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- $121.61
- Price spread: +0.003% → 0.000%
- $0.32
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $109.93
- Costs to cover
- 0.120%
- Break-even
- 0.7 days
Slippage unknown: Extended: live order book, 50 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 Extended live order book, 50 min ago | 1.37 bp | 9.3 bp −$9 | 72.1 bp −$721 | 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 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 | −0.0348% | 4h | 438.10 | −0.016% | $47K | $217K | 10x | as long as short |
| BloFin TSM-USDT | −0.0014% | 8h | 438.36 | +0.044% | $45K | $108K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.58 | +0.095% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 438.04 | −0.029% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.28 | +0.026% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.11 | −0.013% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.16 | −0.001% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.04 | −0.028% | $551K | $43K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 437.98 | −0.042% | $7K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.29 | +0.028% | $2K | $4.0M | 10x | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 438.05 | −0.026% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.65 | +0.110% | $1.5M | $529K | 10x | as long as short |
| Binance TSMUSDT | +0.0013% | 8h | 438.28 | +0.026% | $12.8M | $8.1M | 20x | as long as short |
| Extended TSM-USDlong | +0.0016% | 1h | 438.17 | long leg | $3K | $219K | 10x | |
| Lighter TSM | +0.0032% | 1h | 438.07 | −0.022% | $493K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.15 | −0.004% | $195K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.72 | −0.102% | $370K | $101K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.99 | −0.040% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.86 | −0.070% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.74 | −0.097% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.76 | −0.093% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.07 | −0.022% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.78 | −0.088% | $265K | $325K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.26 | +0.021% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.17 | 0.000% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.95 | −0.049% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.320% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0595% | 1h | 438.18 | +0.003% | $4 | $13K | 10x |
HTX TSM-USDT
Phemex TSMUSDT
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