Funding you earn now, next payment 02:00 UTC−0.0511%/8h= −55.9% APRnext payment −$0.64 per $10,000 · paid last 24h −0.075%
Price spread now: Polymarket Perps against Deribit−0.041%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$15 a day on $10k at the current rate, and Polymarket Perps is 0.041% cheaper against Deribit than usual: you would sell low and buy high (−$4 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 | 444.34 | 0.0561 | pay 0.0070% / 1h | 17m 15s | $4 | $23K | 10x |
| Short | Polymarket Perps TSM-USD | 444.16 | 0.0050 | get 0.0006% / 1h | 17m 15s | $197K | $48K | 10x |
Deribit TSM_USDC-PERPETUAL
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$107.28
- Price spread: −0.041% → 0.000%
- −$4.05
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$126.33
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Polymarket Perps: live order book, 50 min ago. 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 Polymarket Perps live order book, 50 min ago | 1.12 bp | 5.3 bp −$5 | 6.4 bp −$64 | 9.4 bp −$940 | doesn't fit |
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 27 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 | 444.28 | −0.015% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.20 | −0.032% | $2.0M | $387K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.26 | −0.018% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.13 | −0.047% | $1.7M | $986K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.43 | +0.020% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.30 | −0.010% | $550K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.43 | +0.020% | $1K | $4.5M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.16 | −0.041% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.45 | +0.025% | $1.5M | $448K | 10x | as long as short |
| Extended TSM-USD | +0.0016% | 1h | 444.32 | −0.004% | $4K | $197K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Extended TSM-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.30 | −0.009% | $371K | $105K | 10x | as long as short |
| Binance TSMUSDT | +0.0019% | 8h | 444.44 | +0.023% | $13.1M | $6.8M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.35 | +0.002% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.90 | −0.099% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.92 | −0.095% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 444.16 | −0.041% | $197K | $48K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 443.85 | −0.110% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.75 | −0.133% | $160K | $24K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.97 | −0.083% | $270K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.29 | −0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.36 | +0.004% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0140% | 8h | 444.34 | +0.001% | $9K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.14 | −0.045% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.159% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0348% | 4h | 444.28 | −0.015% | $48K | $216K | 10x | as long as short |
| Lighter TSM | +0.0376% | 1h | 444.93 | +0.133% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0561% | 1h | 444.34 | long leg | $4 | $23K | 10x |
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Lighter TSM