Funding you earn now, next payment 07:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.051%
Price spread now: Ondo Perps against Injective−1.105%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 1.105% cheaper against Injective than usual: you would sell low and buy high (−$111 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TSM/USDC PERP | 444.27 | 0.0220 | pay 0.0028% / 1h | 5m 15s | $6K | $38K | 12x |
| Short | Ondo Perps TSM-USD.P | 439.36 | 0.0050 | get 0.0006% / 1h | 5m 15s | $158K | $27K | 10x |
Injective TSM/USDC PERP
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Injective. 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
- −$35.62
- Price spread: −1.105% → 0.000%
- −$110.52
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$151.15
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Injective and 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 TSMUSDT | −0.0179% | 8h | 439.87 | −0.990% | $1.7M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0020% | 4h | 439.87 | −0.991% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.11 | −0.936% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.65 | −1.040% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.81 | −1.004% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.70 | −1.029% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.85 | −0.995% | $559K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.90 | −0.984% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.85 | −0.995% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.59 | −0.828% | $1.5M | $524K | 10x | as long as short |
Bitget TSMUSDT
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 | 440.30 | −0.894% | $496K | $159K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.64 | −1.042% | $212K | $706K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.58 | −1.056% | — | $2K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −1.112% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.40 | −1.096% | $10.2M | $1.7M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.60 | −1.051% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.46 | −1.083% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 439.36 | −1.105% | $158K | $27K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0068% | 1h | 439.83 | −0.999% | $97 | $25K | 10x | as long as short |
| Binance TSMUSDT | +0.0079% | 8h | 439.86 | −0.993% | $12.9M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.73 | −1.021% | $3K | $142K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0088% | 8h | 439.82 | −1.001% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.61 | −1.049% | $266K | $308K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.85 | −0.995% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.88 | −0.989% | $123 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.0104% | 8h | 440.07 | −0.945% | $45K | $106K | 20x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.68 | −1.033% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPlong | +0.0220% | 1h | 444.27 | long leg | $6K | $38K | 12x |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Deribit TSM_USDC-PERPETUAL
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
BloFin TSM-USDT
Phoenix TSM