Funding you earn now, next payment 04:00 UTC+0.0539%/8h= +59.0% APRnext payment +$0.67 per $10,000 · paid last 24h +0.087%
Price spread now: Deribit against tradeXYZ+0.066%51s7-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
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.066% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | tradeXYZ xyz:TSM | 441.06 | 0.0050 | pay 0.0006% / 1h | 37m 32s | $10.2M | $2.2M | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 441.35 | 0.0589 | get 0.0074% / 1h | 37m 32s | $4 | $24K | 10x |
tradeXYZ xyz:TSM
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. 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
- $113.2
- Price spread: +0.066% → 0.000%
- $6.58
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $94.77
- Costs to cover
- 0.250%
- Break-even
- 1.1 days
Slippage unknown: tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.90 bp | 12.6 bp −$13 | 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 | −0.0081% | 4h | 441.41 | +0.080% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.58 | +0.118% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.31 | +0.057% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.41 | +0.079% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.22 | +0.036% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.43 | +0.084% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.51 | +0.103% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.47 | +0.093% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.41 | +0.079% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.80 | +0.168% | $1.5M | $464K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.64 | +0.132% | $497K | $175K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.34 | +0.063% | $220K | $643K | 10x | as long as short |
| BloFin TSM-USDT | +0.0044% | 8h | 441.68 | +0.141% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.90 | −0.036% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 441.06 | long leg | $10.2M | $2.2M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.16 | +0.023% | $194K | $52K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.05 | −0.002% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.02 | −0.009% | $158K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.37 | +0.070% | $1K | $190K | 10x | as long as short |
| Binance TSMUSDT | +0.0065% | 8h | 441.47 | +0.093% | $13.0M | $7.1M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.12 | +0.014% | $268K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.39 | +0.075% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.40 | +0.078% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.061% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0122% | 8h | 441.58 | +0.118% | $16K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.34 | +0.063% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.503% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0589% | 1h | 441.35 | +0.066% | $4 | $24K | 10x |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
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
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP