Funding you earn now, next payment 07:00 UTC+0.0996%/8h= +109.1% APRpaid last 24h +0.092%
Price spread now: Deribit against GRVT−0.117%75s7-day average — · you buy dearer than you sell
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
=Funding pays, the price is against you. Deribit is 0.117% cheaper against GRVT than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9 hours of funding at the current rate (+$30 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT TSM_USDT_Perp | 439.79 | 0.0076 | pay 0.0076% / 8h | 1h 31m | $4K | $1.3M | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 439.28 | 0.1072 | get 0.0134% / 1h | 31m 41s | $4 | $25K | 10x |
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against GRVT. 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
- $209.18
- Price spread: −0.117% → 0.000%
- −$11.68
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $181.5
- Costs to cover
- 0.160%
- Break-even
- 0.9 days
Slippage unknown: GRVT: 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 GRVT live order book, 1 min ago | 2.05 bp | 2823.6 bp −$2,824 | doesn't fit | 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 | −0.0859% | 4h | 439.77 | −0.006% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0226% | 8h | 439.39 | −0.092% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.31 | −0.111% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.24 | −0.126% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.34 | −0.103% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.12 | −0.153% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.75 | −0.010% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.41 | −0.087% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.22 | −0.130% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.50 | +0.161% | $1.5M | $516K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 439.34 | −0.103% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.10 | −0.158% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.78 | −0.230% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.105% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.81 | −0.224% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.12 | −0.153% | $191K | $65K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.82 | −0.221% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.33 | −0.105% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 439.32 | −0.107% | $3K | $167K | 10x | as long as short |
| Binance TSMUSDT | +0.0076% | 8h | 439.43 | −0.083% | $12.9M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perplong | +0.0076% | 8h | 439.79 | long leg | $4K | $1.3M | 10x | |
| BloFin TSM-USDT | +0.0090% | 8h | 439.40 | −0.090% | $45K | $106K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.91 | −0.201% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.32 | −0.108% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.37 | −0.097% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.31 | −0.110% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.018% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.1072% | 1h | 439.28 | −0.117% | $4 | $25K | 10x |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP