Funding you earn now, next payment 02:00 UTC+0.0739%/8h= +80.9% APRpaid last 24h +0.090%
Price spread now: Deribit against OKX+0.022%46s7-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 +$22 a day on $10k at the current rate, and Deribit is 0.022% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | OKX TSM-USDT-SWAP | 445.19 | 0 | get 0.0000% / 8h | 6h 43m | $4.0M | $2.6M | 20x |
| Short | Deribit TSM_USDC-PERPETUAL | 445.29 | 0.0739 | get 0.0092% / 1h | 43m 23s | $4 | $28K | 10x |
OKX TSM-USDT-SWAP
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- $155.21
- Price spread: +0.022% → 0.000%
- $2.25
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $140.46
- Costs to cover
- 0.170%
- Break-even
- 0.7 days
Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago | 1.68 bp | 8.4 bp −$8 | 35.3 bp −$353 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 445.29 | +0.023% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.17 | −0.006% | $5K | $198K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.33 | +0.031% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.99 | −0.045% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 445.19 | long leg | $4.0M | $2.6M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 445.17 | −0.004% | $1.7M | $911K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.36 | +0.038% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.42 | +0.051% | $551K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.42 | +0.052% | $1K | $4.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.05 | −0.031% | $9K | $9K | 20x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 445.54 | +0.079% | $1.5M | $450K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 445.16 | −0.007% | $367K | $104K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.112% | $45K | $99K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0019% | 8h | 445.26 | +0.017% | $17K | $1.1M | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.31 | +0.027% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.87 | −0.072% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.79 | −0.090% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.03 | −0.036% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.92 | −0.061% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.70 | −0.110% | $159K | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0058% | 4h | 445.28 | +0.020% | $48K | $217K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.91 | −0.063% | $270K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.34 | +0.034% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.33 | +0.032% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 445.31 | +0.027% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.231% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0440% | 1h | 445.88 | +0.155% | $503K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0739% | 1h | 445.29 | +0.022% | $4 | $28K | 10x |
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
edgeX TSMUSDC
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM