Funding you earn now, next payment 05:00 UTC+0.0408%/8h= +44.7% APRpaid last 24h +0.102%
Price spread now: Deribit against Aster+0.086%7-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 +$12 a day on $10k at the current rate, and Deribit is 0.086% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TSMUSDT | 440.44 | 0 | get 0.0000% / 8h | 3h 19m | $82K | $2K | 20x |
| Short | Deribit TSM_USDC-PERPETUAL | 440.82 | 0.0408 | get 0.0051% / 1h | 19m 37s | $4 | $24K | 10x |
Aster TSMUSDT
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aster. 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
- $85.74
- Price spread: +0.086% → 0.000%
- $8.57
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $79.31
- Costs to cover
- 0.150%
- Break-even
- 0.5 days
Slippage unknown: Aster: 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 Aster no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0201% | 8h | 441.00 | +0.127% | $1.8M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0059% | 4h | 440.93 | +0.111% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDTlong | 0.0000% | 8h | 440.44 | long leg | $82K | $2K | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 440.43 | −0.003% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.50 | +0.013% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.42 | −0.005% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.96 | +0.117% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.90 | +0.104% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.01 | +0.129% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.99 | +0.124% | $1.5M | $486K | 10x | as long as short |
Bitget TSMUSDT
edgeX TSMUSDC
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 | 440.74 | +0.068% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.54 | +0.022% | $219K | $675K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.28 | −0.037% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.20 | −0.055% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.24 | −0.046% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.42 | −0.005% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | −0.098% | $157K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.44 | 0.000% | $2K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 440.55 | +0.025% | $12.9M | $7.5M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0081% | 8h | 440.78 | +0.078% | $8K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.094% | $367K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0096% | 8h | 441.04 | +0.136% | $45K | $100K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.36 | −0.019% | $268K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.75 | +0.070% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.80 | +0.081% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.93 | +0.111% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.74 | +1.203% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0408% | 1h | 440.82 | +0.086% | $4 | $24K | 10x |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP