Funding you earn now, next payment 10:00 UTC−0.0700%/8h= −76.7% APRnext payment −$0.88 per $10,000 · paid last 24h −0.088%
Price spread now: SoDEX against Deribit−0.059%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 −$21 a day on $10k at the current rate, and SoDEX is 0.059% cheaper against Deribit than usual: you would sell low and buy high (−$6 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 | 440.23 | 0.0750 | pay 0.0094% / 1h | 15m 47s | $4 | $11K | 10x |
| Short | SoDEX TSM-USD | 439.97 | 0.0050 | get 0.0006% / 1h | 15m 47s | $133 | $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
- −$147.1
- Price spread: −0.059% → 0.000%
- −$5.91
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$168.01
- 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 | −0.0016% | 1h | 439.42 | −0.184% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.20 | −0.006% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.00 | −0.052% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.37 | +0.032% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.10 | −0.030% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.35 | +0.027% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.31 | +0.018% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.36 | +0.030% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.23 | 0.000% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.85 | −0.086% | $1.5M | $545K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.30 | +0.016% | $496K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0040% | 1h | 440.28 | +0.011% | $195K | $726K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.78 | −0.102% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.96 | −0.061% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.05 | −0.041% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 439.97 | −0.059% | $133 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | −0.050% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0054% | 8h | 440.38 | +0.034% | $13.0M | $8.3M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.26 | +0.006% | $5K | $215K | 10x | as long as short |
| BloFin TSM-USDT | +0.0062% | 8h | 440.25 | +0.005% | $45K | $113K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.85 | −0.086% | $267K | $416K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.25 | +0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.18 | −0.011% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.18 | −0.011% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.845% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0236% | 8h | 440.21 | −0.005% | $9K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0750% | 1h | 440.23 | long leg | $4 | $11K | 10x | |
| edgeX TSMUSDC | +0.0767% | 4h | 440.20 | −0.006% | $47K | $217K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
edgeX TSMUSDC