Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.009%
Price spread now: Ondo Perps against Binance−0.115%7-day average −0.080% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.368%+$37 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.115%, 7d avg −0.080%
=Together, before fees+0.541%+ Points / potential airdropOndo Perps: Active · farm board+$54 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.035% cheaper against Binance than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.080%). If the spread goes back, that is −$4 on $10k: about 9.2 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.368% in total) that is about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 443.35 | 0.0038 | pay 0.0038% / 8h | 5h 12m | $13.0M | $6.8M | 20x |
| Short | Ondo Perps TSM-USD.P | 442.84 | 0.0050 | get 0.0006% / 1h | 12m 35s | $158K | $23K | 10x |
Binance TSMUSDT
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Binance. 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
- $2.69
- Price spread: −0.115% → −0.080%
- −$3.53
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$15.84
- Costs to cover
- 0.150%
- Break-even
- 48.2 days
Slippage unknown: Binance: live order book, 13 min ago; Ondo Perps: 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 Binance live order book, 13 min ago | 0.11 bp | 11.6 bp −$12 | 22.5 bp −$225 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.0698% | 4h | 443.36 | +0.002% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.51 | +0.036% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.07 | −0.063% | $2.0M | $390K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.42 | +0.016% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.17 | −0.041% | $1.7M | $960K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.37 | +0.004% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.37 | +0.004% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.46 | +0.025% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.19 | −0.036% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.44 | +0.020% | $1.5M | $446K | 10x | as long as short |
edgeX TSMUSDC
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 443.43 | +0.018% | $500K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.12 | −0.052% | $221K | $645K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0038% | 8h | 443.35 | long leg | $13.0M | $6.8M | 20x | |
| Extended TSM-USD | +0.0040% | 1h | 443.23 | −0.027% | $2K | $189K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.85 | −0.113% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.93 | −0.095% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.13 | −0.050% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.95 | −0.090% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 442.84 | −0.115% | $158K | $23K | 10x | |
| BloFin TSM-USDT | +0.0055% | 8h | 443.59 | +0.054% | $45K | $98K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0078% | 8h | 443.47 | +0.027% | $8K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.99 | −0.081% | $268K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.36 | +0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.31 | −0.008% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.068% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.28 | −0.016% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.153% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0653% | 1h | 443.24 | −0.025% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Extended TSM-USD
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL