Funding you earn now, next payment 02:00 UTC−0.0192%/8h= −21.1% APRnext payment −$0.24 per $10,000 · paid last 24h −0.073%
Price spread now: tradeXYZ against Deribit−0.110%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
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.110% cheaper against Deribit than usual: you would sell low and buy high (−$11 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 | 446.94 | 0.0242 | pay 0.0030% / 1h | 59m 08s | $98 | $32K | 10x |
| Short | tradeXYZ xyz:TSM | 446.45 | 0.0050 | get 0.0006% / 1h | 59m 08s | $10.3M | $2.3M | 10x |
Deribit TSM_USDC-PERPETUAL
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$40.42
- Price spread: −0.110% → 0.000%
- −$10.96
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$76.38
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago | 0.78 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | 0.0000% | 8h | 446.90 | −0.009% | $44K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.12 | +0.041% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.95 | +0.003% | $5K | $203K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.90 | −0.009% | $13.1M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.58 | −0.081% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.79 | −0.034% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.88 | −0.013% | $1.7M | $896K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 447.37 | +0.096% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | +0.031% | $554K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.07 | +0.029% | $1K | $4.9M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 446.97 | +0.007% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.25 | +0.069% | $1.5M | $455K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 447.30 | +0.081% | $359K | $100K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.03 | +0.020% | $223K | $630K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0042% | 8h | 447.23 | +0.065% | $13K | $1.1M | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.96 | +0.004% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 446.45 | −0.110% | $10.3M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.00 | +0.013% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.78 | −0.036% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.92 | −0.004% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.94 | 0.000% | $271K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.01 | +0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.08 | +0.032% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 446.91 | −0.007% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.67 | +1.058% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0242% | 1h | 446.94 | long leg | $98 | $32K | 10x | |
| Lighter TSM | +0.0328% | 1h | 447.54 | +0.134% | $505K | $167K | 10x | as long as short |
| edgeX TSMUSDC | +0.0572% | 4h | 447.21 | +0.060% | $48K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
GRVT TSM_USDT_Perp
Vest TSM-USD-PERP
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
edgeX TSMUSDC