Funding you earn now, next payment 04:00 UTC+0.0810%/8h= +88.7% APRnext payment +$1.01 per $10,000 · paid last 24h +0.090%
Price spread now: Deribit against SoDEX+0.079%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Deribit is 0.079% dearer against SoDEX than usual: you sell high and buy low: +$8 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 | SoDEX TSM-USD | 441.68 | 0.0050 | pay 0.0006% / 1h | 9m 16s | $139 | $3K | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 442.03 | 0.0860 | get 0.0107% / 1h | 9m 16s | $4 | $24K | 10x |
SoDEX TSM-USD
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against SoDEX. 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
- $170.05
- Price spread: +0.079% → 0.000%
- $7.92
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $162.97
- Costs to cover
- 0.150%
- Break-even
- 0.3 days
Slippage unknown: SoDEX: 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
SoDEX 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0631% | 4h | 441.78 | +0.023% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0081% | 8h | 441.95 | +0.061% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.14 | +0.104% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.70 | +0.005% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.11 | +0.097% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.86 | +0.041% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.78 | +0.023% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.26 | +0.131% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.13 | +0.102% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.07 | +0.088% | $1.5M | $473K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
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 | 441.90 | +0.050% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.82 | +0.032% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.63 | −0.011% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.72 | +0.009% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.80 | +0.027% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 441.68 | long leg | $139 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.63 | −0.011% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0072% | 8h | 442.12 | +0.100% | $13.0M | $7.3M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 442.00 | +0.071% | $6K | $195K | 10x | as long as short |
| BloFin TSM-USDT | +0.0091% | 8h | 442.00 | +0.072% | $45K | $99K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.50 | −0.041% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.92 | +0.054% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.03 | +0.078% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0107% | 8h | 441.95 | +0.061% | $10K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.202% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.79 | +0.025% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.361% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0860% | 1h | 442.03 | +0.079% | $4 | $24K | 10x |
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
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP