Funding you earn now, next payment 12:00 UTC−0.0379%/8h= −41.5% APRnext payment −$0.47 per $10,000 · paid last 24h −0.092%
Price spread now: SoDEX against Deribit−0.070%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$11 a day on $10k at the current rate, and SoDEX is 0.070% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 442.10 | 0.0429 | pay 0.0054% / 1h | 53m 43s | $97 | $9K | 10x |
| Short | SoDEX TSM-USD | 441.79 | 0.0050 | get 0.0006% / 1h | 53m 43s | $135 | $3K | 10x |
Deribit TSM_USDC-PERPETUAL
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Deribit. 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
- −$79.6
- Price spread: −0.070% → 0.000%
- −$7.01
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$101.61
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; SoDEX: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell SoDEX no order-book sample | — | — | — | — | — |
Deribit and SoDEX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0080% | 1h | 441.94 | −0.036% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.21 | +0.025% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.97 | −0.029% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.12 | +0.005% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.00 | −0.023% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.24 | +0.032% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.24 | +0.032% | $1K | $3.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.96 | −0.032% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.76 | −0.077% | $1.5M | $569K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.13 | +0.007% | $498K | $138K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 442.40 | +0.068% | $203K | $557K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 446.84 | +1.072% | $7K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.84 | −0.059% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.61 | −0.111% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.91 | −0.043% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 441.79 | −0.070% | $135 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.65 | −0.102% | $161K | $36K | 10x | as long as short |
| Variational Omni TSM | +0.0063% | 8h | 442.16 | +0.013% | $551K | $47K | — | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.00 | −0.023% | $269K | $498K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.12 | +0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.17 | +0.015% | $124 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.0120% | 8h | 442.44 | +0.077% | $46K | $120K | 20x | as long as short |
| Extended TSM-USD | +0.0136% | 1h | 442.07 | −0.007% | $6K | $222K | 10x | as long as short |
| Binance TSMUSDT | +0.0139% | 8h | 442.18 | +0.018% | $13.2M | $8.9M | 20x | as long as short |
| edgeX TSMUSDC | +0.0147% | 4h | 442.17 | +0.017% | $48K | $215K | 10x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.16 | +0.014% | $206K | $14K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0349% | 8h | 442.57 | +0.106% | $8K | $1.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0429% | 1h | 442.10 | long leg | $97 | $9K | 10x |
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Variational Omni TSM
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
edgeX TSMUSDC
Phoenix TSM
GRVT TSM_USDT_Perp