Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Bybit+0.039%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.039% dearer against Bybit than usual: you sell high and buy low: +$4 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 | Bybit TSMUSDT | 439.82 | 0 | get 0.0000% / 8h | 7h 02m | $2.0M | $402K | 50x |
| Short | Orderly PERP_TSM_USDC_mythos | 439.99 | 0.0100 | get 0.0100% / 8h | 7h 02m | $21 | — | 10x |
Bybit TSMUSDT
Orderly PERP_TSM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bybit. 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
- $21
- Price spread: +0.039% → 0.000%
- $3.87
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $7.87
- Costs to cover
- 0.170%
- Break-even
- 4.4 days
Slippage unknown: Bybit: live order book, 4 min ago; Orderly: 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 Bybit live order book, 4 min ago | 2.28 bp | 16.8 bp −$17 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 439.96 | +0.031% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 439.82 | long leg | $2.0M | $402K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.08 | +0.059% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.88 | +0.014% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.03 | +0.048% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.90 | +0.019% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.15 | +0.075% | $1K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.077% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.23 | +0.093% | $1.5M | $543K | 10x | as long as short |
| BloFin TSM-USDT | +0.0011% | 8h | 440.24 | +0.095% | $45K | $110K | 20x | as long as short |
Aster TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0024% | 1h | 439.98 | +0.037% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDT | +0.0024% | 8h | 440.10 | +0.064% | $12.9M | $8.3M | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.93 | +0.025% | $495K | $190K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.05 | +0.052% | $196K | $754K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 439.24 | −0.132% | $371K | $98K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.62 | −0.045% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.60 | −0.050% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.76 | −0.014% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.72 | −0.023% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.66 | −0.036% | $158K | $27K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.60 | −0.050% | $267K | $368K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 439.99 | +0.039% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 439.97 | +0.034% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.51 | −0.070% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.939% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0227% | 1h | 440.00 | +0.041% | $4 | $13K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0245% | 8h | 439.98 | +0.035% | $4K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0273% | 4h | 440.03 | +0.047% | $47K | $217K | 10x | as long as short |
Extended TSM-USD
Binance TSMUSDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
GRVT TSM_USDT_Perp
edgeX TSMUSDC