TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.020%

Price spread now: Orderly against GRVT−0.027%70s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Orderly

What this pair did over the last

the charts below follow

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.027% cheaper against GRVT than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TSM_USDT_Perp	439.78	0.0070	pay 0.0070% / 8h	38m 19s	$6K	$1.3M	10x
Short	Orderly PERP_TSM_USDC_mythos	439.66	0.0100	get 0.0100% / 8h	38m 19s	$21	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: $6.3
Price spread: −0.027% → 0.000%: −$2.66
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11.36
Costs to cover: 0.150%
Break-even: 19.6 days

Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago	2.05 bp	13.2 bp −$13	doesn't fit	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
Bitget TSMUSDT	−0.0152%	8h	439.77	−0.002%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.28	+0.342%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.33	−0.102%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	439.75	−0.006%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	439.57	−0.047%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	439.82	+0.011%	$558K	$38K	—	as long as short
SunX TSM-USDT	0.0000%	8h	439.78	+0.001%	$1K	$4.1M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	439.57	−0.047%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.78	+0.228%	$1.5M	$528K	10x	as long as short
Lighter TSM	+0.0032%	1h	439.71	−0.015%	$496K	$188K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	439.47	−0.070%	$221K	$720K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.31	−0.106%	—	$2K	25x	as long as short
BloFin TSM-USDT	+0.0046%	8h	439.77	−0.002%	$45K	$106K	20x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.21	−0.129%	$10.1M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.45	−0.074%	$190K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.22	−0.127%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.55	−0.052%	$158K	$27K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0056%	1h	439.33	−0.102%	$366K	$97K	10x	as long as short
Binance TSMUSDT	+0.0063%	8h	439.79	+0.002%	$12.8M	$8.0M	20x	as long as short
Extended TSM-USD	+0.0064%	1h	439.62	−0.035%	$4K	$189K	10x	as long as short
GRVT TSM_USDT_Perplong	+0.0070%	8h	439.78	long leg	$6K	$1.3M	10x
KuCoin TSMUSDTM	+0.0100%	8h	439.41	−0.083%	$266K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythosshort	+0.0100%	8h	439.66	−0.027%	$21	—	10x
Aevo TSM-PERP	+0.0104%	1h	439.70	−0.017%	$123	—	10x	as long as short
Phoenix TSM	+0.0146%	1h	439.59	−0.042%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.02	+0.965%	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0331%	4h	439.75	−0.005%	$47K	$216K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0638%	1h	439.67	−0.024%	$4	$25K	10x	as long as short