Funding you earn now, next payment 02:00 UTC+0.0489%/8h= +53.6% APRnext payment +$0.61 per $10,000 · paid last 24h +0.077%
Price spread now: Deribit against Vest+0.056%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 +$15 a day on $10k at the current rate, and Deribit is 0.056% dearer against Vest than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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 | Vest TSM-USD-PERP | 445.96 | 0.0046 | pay 0.0006% / 1h | 56m 25s | — | — | 25x |
| Short | Deribit TSM_USDC-PERPETUAL | 446.21 | 0.0535 | get 0.0067% / 1h | 56m 25s | $98 | $32K | 10x |
Vest TSM-USD-PERP
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Vest. 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
- $102.76
- Price spread: +0.056% → 0.000%
- $5.61
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $99.36
- Costs to cover
- 0.090%
- Break-even
- 0.2 days
Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Vest and 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 | −0.0864% | 4h | 447.03 | +0.240% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 446.19 | +0.052% | $44K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.39 | +0.095% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.22 | +0.059% | $5K | $201K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.28 | +0.072% | $13.1M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.93 | −0.007% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.17 | +0.047% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.02 | +0.013% | $1.7M | $898K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.30 | +0.076% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | +0.250% | $554K | $82K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 446.28 | +0.072% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.88 | +0.206% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.34 | +0.085% | $1.5M | $454K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 446.43 | +0.105% | $358K | $98K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0031% | 8h | 446.82 | +0.192% | $5K | $1.1M | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.17 | +0.047% | $223K | $630K | 10x | as long as short |
| Vest TSM-USD-PERPlong | +0.0046% | 1h | 445.96 | long leg | — | — | 25x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.91 | −0.011% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.07 | +0.025% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.98 | +0.004% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.37 | +0.092% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.09 | +0.029% | $271K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.17 | +0.047% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.26 | +0.067% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 446.21 | +0.056% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.67 | +1.280% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0535% | 1h | 446.21 | +0.056% | $98 | $32K | 10x | |
| Lighter TSM | +0.0592% | 1h | 446.81 | +0.191% | $504K | $168K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Lighter RH TSM
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM