Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against OKX+0.011%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 443.10 | 0 | get 0.0000% / 8h | 5h 58m | $4.0M | $2.4M | 20x |
| Short | Orderly PERP_TSM_USDC_mythos | 443.15 | 0.0100 | get 0.0100% / 8h | 5h 58m | $21 | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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: +0.011% → 0.000%
- $1.13
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $6.13
- Costs to cover
- 0.160%
- Break-even
- 5.0 days
Slippage unknown: OKX: 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 OKX live order book, 4 min ago | 1.47 bp | 9.1 bp −$9 | 28.4 bp −$284 | 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 27 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 | 443.60 | +0.112% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.95 | −0.034% | $2.0M | $390K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 443.10 | long leg | $4.0M | $2.4M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 443.02 | −0.018% | $1.7M | $910K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.22 | +0.027% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.52 | +0.094% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.14 | +0.009% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.27 | +0.038% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.21 | +0.025% | $1.5M | $441K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.19 | +0.020% | $221K | $644K | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.76 | −0.077% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0047% | 8h | 443.24 | +0.032% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.14 | +0.010% | $4K | $195K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.86 | −0.054% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.00 | −0.023% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.76 | −0.077% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.02 | −0.018% | $159K | $23K | 10x | as long as short |
| edgeX TSMUSDC | +0.0066% | 4h | 443.52 | +0.095% | $48K | $217K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.99 | −0.025% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 443.15 | +0.011% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 443.08 | −0.004% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | +0.041% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 443.14 | +0.009% | $216K | $5K | 10x | as long as short |
| Lighter TSM | +0.0192% | 1h | 443.45 | +0.079% | $500K | $173K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0192% | 8h | 443.55 | +0.102% | $9K | $1.1M | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.81 | +1.063% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0676% | 1h | 443.06 | −0.009% | $4 | $24K | 10x | as long as short |
OKX TSM-USDT-SWAP
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Binance TSMUSDT
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
edgeX TSMUSDC
KuCoin TSMUSDTM
Coinbase International TSM-PERP-INTX
Phoenix TSM
Lighter TSM
GRVT TSM_USDT_Perp
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL