Funding you earn now, next payment 04:00 UTC+0.0679%/8h= +74.3% APRpaid last 24h +0.105%
Price spread now: Deribit against Gate+0.043%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
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Deribit is 0.043% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 441.76 | 0 | get 0.0000% / 8h | 4h 46m | $1.7M | $967K | 100x |
| Short | Deribit TSM_USDC-PERPETUAL | 441.95 | 0.0679 | get 0.0085% / 1h | 46m 42s | $4 | $24K | 10x |
Gate TSM_USDT
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $142.5
- Price spread: +0.043% → 0.000%
- $4.3
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $124.8
- Costs to cover
- 0.220%
- Break-even
- 0.9 days
Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago | 5.32 bp | 14.1 bp −$14 | 106.2 bp −$1,062 | 152.2 bp −$15.2K | 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 | −0.0625% | 4h | 442.06 | +0.069% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.44 | +0.155% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.70 | −0.014% | $2.0M | $390K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.98 | +0.050% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 441.76 | long leg | $1.7M | $967K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 442.14 | +0.086% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 442.25 | +0.112% | $548K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.15 | +0.088% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.98 | +0.050% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.92 | +0.263% | $1.5M | $454K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 442.17 | +0.093% | $498K | $175K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.87 | +0.025% | $220K | $642K | 10x | as long as short |
| BloFin TSM-USDT | +0.0040% | 8h | 442.31 | +0.125% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.72 | −0.009% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.52 | −0.054% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.81 | +0.011% | $194K | $52K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.72 | −0.009% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.74 | −0.005% | $158K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 441.94 | +0.040% | $3K | $188K | 10x | as long as short |
| Binance TSMUSDT | +0.0060% | 8h | 442.08 | +0.072% | $13.0M | $6.9M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.64 | −0.027% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.91 | +0.034% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.06 | +0.067% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 442.22 | +0.104% | $6K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 441.85 | +0.020% | $368K | $108K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.94 | +0.041% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.342% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0679% | 1h | 441.95 | +0.043% | $4 | $24K | 10x |
Lighter TSM
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
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP