Funding you earn now, next payment 07:00 UTC−0.0684%/8h= −74.8% APRnext payment −$0.85 per $10,000 · paid last 24h −0.089%
Price spread now: Vest against Deribit−0.068%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$21 a day on $10k at the current rate, and Vest is 0.068% cheaper against Deribit than usual: you would sell low and buy high (−$7 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 | 439.57 | 0.0729 | pay 0.0091% / 1h | 40m 10s | $4 | $25K | 10x |
| Short | Vest TSM-USD-PERP | 439.27 | 0.0046 | get 0.0006% / 1h | 40m 10s | — | $1K | 25x |
Deribit TSM_USDC-PERPETUAL
Vest TSM-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$143.54
- Price spread: −0.068% → 0.000%
- −$6.82
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$159.36
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Vest: 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 Vest no order-book sample | — | — | — | — | — |
Deribit and Vest: 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 | −0.0211% | 8h | 439.69 | +0.027% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.72 | +0.034% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.57 | 0.000% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.63 | +0.014% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.48 | −0.020% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | −0.003% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.75 | +0.041% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.75 | +0.041% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.80 | +0.280% | $1.5M | $514K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.67 | +0.023% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.49 | −0.018% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERPshort | +0.0046% | 1h | 439.27 | −0.068% | — | $1K | 25x | |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.055% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.23 | −0.077% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.44 | −0.030% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.15 | −0.096% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.12 | −0.102% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.58 | +0.002% | $3K | $181K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 439.74 | +0.039% | $12.9M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0073% | 8h | 439.60 | +0.007% | $4K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0077% | 8h | 439.74 | +0.039% | $45K | $105K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.19 | −0.086% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.51 | −0.014% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.47 | −0.023% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.43 | −0.032% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.165% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0243% | 4h | 439.65 | +0.018% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0729% | 1h | 439.57 | long leg | $4 | $25K | 10x |
Lighter RH TSM
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC