Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Gate−0.069%7-day average −0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.069%, 7d avg −0.015%
=Together, before fees+0.158%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.054% cheaper against Gate than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.015%). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 447.29 | 0 | get 0.0000% / 8h | 7h 08m | $1.7M | $929K | 100x |
| Short | Ondo Perps TSM-USD.P | 446.98 | 0.0050 | get 0.0006% / 1h | 8m 04s | $158K | $22K | 10x |
Gate TSM_USDT
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Gate. 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
- $10.58
- Price spread: −0.069% → −0.015%
- −$5.41
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$14.83
- Costs to cover
- 0.200%
- Break-even
- 16.8 days
Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago | 4.14 bp | 12.8 bp −$13 | 84.5 bp −$845 | 143.2 bp −$14.3K | 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 | −0.0757% | 4h | 447.37 | +0.017% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.076% | $358K | $99K | 10x | as long as short |
| BloFin TSM-USDT | −0.0010% | 8h | 447.59 | +0.067% | $45K | $101K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.31 | +0.005% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.38 | +0.020% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.48 | +0.042% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.16 | −0.029% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.53 | +0.054% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 447.29 | long leg | $1.7M | $929K | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 447.40 | +0.025% | $554K | $82K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.59 | +0.067% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.41 | +0.027% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.45 | +0.036% | $1.5M | $455K | 10x | as long as short |
| Bitget TSMUSDT | +0.0018% | 8h | 447.49 | +0.045% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.26 | −0.007% | $229K | $655K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.31 | +0.004% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.07 | −0.049% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.26 | −0.007% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.13 | −0.036% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 446.98 | −0.069% | $158K | $22K | 10x | |
| GRVT TSM_USDT_Perp | +0.0063% | 8h | 447.35 | +0.013% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.14 | −0.034% | $272K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.39 | +0.022% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.37 | +0.019% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.34 | +0.011% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.15 | +1.087% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0296% | 1h | 447.80 | +0.114% | $505K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0533% | 1h | 447.21 | −0.018% | $98 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Bitget TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL