Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 421.51 | 0 | 0.0000% / 8h | 1h 52m | $2.3M | $3.6M | 50x | Long MEXC | |
| SHORT | 421.11 | +0.0050 | get 0.0006% / 1h | 52m 11s | $192K | $49K | 10x | Short Ondo Perps5% off |
Price gap−0.095%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.073% above its 7d average: +$7 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.0050% /8h now · paid +0.044% over the last 7D
Price+$7spread −0.095% now, avg −0.168% → +0.073% if it goes back
Costs−$270.266% of $10k · taker + slippage, in and out
Result−$15−0.15%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.095%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTSM on 31 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books5.0 / 8.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,000MEXC 50x, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.51Long MEXC: 3 payments, $0.00; short Ondo Perps: 24 payments, +$1.51.
- OK: Entry gap works for you−0.095% vs −0.168%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$192K vs $2.3M OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCMEXC Yes · Ondo Perps NoKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0021%/8h × 21 periods+$4.35
Price spread−0.095% → −0.168% (7d avg)+$7.27
Slippage, 4 orderslive order books−$13.64
Fee MEXC bp × 2 orders−$8.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$15.01
Costs to cover0.266%Break-even31.2 days
Slippage: MEXC: live order book, 4 min ago; Ondo Perps: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.595.0 bp−$57.7 bp−$77194.1 bp−$19.4Kdoesn’t fit
SELL · SHORTOndo Perps5.118.0 bp−$815.0 bp−$150doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-15 15:00 | Vest Markets | Other | Trade $TSM post-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗ |
| 10-15 15:00 | Vest Markets | Other | TSMC reported Q3 earnings results before the open today, with net income up 68.7% and revenue up 41.2% year over year. On the session, $TSM is down around 2.6%, with the Q4 revenue guide above Q3 weighed against a 65% to 67% gross margin range. → Revenue: $46.72B vs. ~$45.62B expected → EPS: $4.60 per ADR vs. ~$4.45 expected → Q4 revenue guide: $52.3B to $54.3B, from $46.72B in Q3 $TSM said 3nm led Q3 wafer revenue at 33%, with 2nm at 8% and advanced nodes at 79% of the total. @VestExchange on X ↗ |
| 10-15 08:33 | MEXC | Other | $TSM’s Q4 outlook: more revenue, same margin guidance. 👀 Enough for the AI bulls, or were you looking for more? 👇 Check out $TSM Stock Futures on #MEXC: @MEXC on X ↗ |
| 10-15 06:40 | Backpack | Other | TSMC reports Q3 earnings, with record net profit up 69% year over year. ▸ Revenue: $46.72B vs. $44.93B est. ▲ ▸ EPS (ADR): $4.60 vs. $4.48 est. ▲ $TSM -1.49% overnight @Backpack on X ↗ |
| 10-15 05:00 | MEXC | Other | AI demand is booming. Can $TSM’s margins and outlook back up the hype? 👀 Your first check today: margins or Q4 guidance? 👇 @MEXC on X ↗ |
| 10-14 16:12 | Phoenix | Other | ASML says its supply won't fully meet demand in 2027 and 2028. $ASML on Phoenix is flat over the last 24 hours, while $TSM, $NVDA, $MU and $AMAT are down 1.3–2.9%. @PhoenixTrade on X ↗ |

Backpack
Phoenix