Funding you earn now, next payment 05:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.002%
Price spread now: Ondo Perps against Bitget−0.070%7-day average −0.089% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.070%, 7d avg −0.089%
=Together, before fees+0.072%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 440.91 | −0.0213 | get 0.0213% / 8h | 3h 00m | $1.7M | $1.5M | 20x |
| Short | Ondo Perps TSM-USD.P | 440.60 | 0.0050 | get 0.0006% / 1h | 0m 14s | $157K | $23K | 10x |
Bitget TSMUSDT
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Bitget. 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
- $55.31
- Price spread: −0.070% → −0.089%
- $1.91
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $40.22
- Costs to cover
- 0.170%
- Break-even
- 1.9 days
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 2.15 bp | 14.3 bp −$14 | 25.2 bp −$252 | 48.9 bp −$4,894 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDTlong | −0.0213% | 8h | 440.91 | long leg | $1.7M | $1.5M | 20x | |
| edgeX TSMUSDC | −0.0149% | 4h | 440.91 | −0.001% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.82 | −0.020% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.69 | −0.050% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.77 | −0.032% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.68 | −0.052% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.89 | −0.004% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.92 | +0.002% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.78 | −0.029% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.10 | +0.043% | $1.5M | $495K | 10x | as long as short |
edgeX TSMUSDC
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 | 440.87 | −0.009% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.83 | −0.018% | $219K | $677K | 10x | as long as short |
| BloFin TSM-USDT | +0.0044% | 8h | 441.08 | +0.039% | $45K | $102K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.52 | −0.088% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.48 | −0.098% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.68 | −0.052% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.44 | −0.107% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 440.60 | −0.070% | $157K | $23K | 10x | |
| Binance TSMUSDT | +0.0062% | 8h | 440.94 | +0.007% | $12.9M | $7.6M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.82 | −0.020% | $1K | $191K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 440.59 | −0.073% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.200% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.52 | −0.088% | $268K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.86 | −0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.77 | −0.033% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.79 | −0.027% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.19 | +0.971% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0431% | 1h | 440.82 | −0.020% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL