TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.016%

Price spread now: Aevo against Ondo Perps−0.160%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Aevo

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 airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.160% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.160% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 9.9 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	Ondo Perps TSM-USD.P	442.02	0.0050	pay 0.0006% / 1h	47m 30s	$161K	$36K	10x
Short	Aevo TSM-PERP	441.31	0.0104	get 0.0013% / 1h	47m 30s	$124	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Ondo Perps. 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 Ondo PerpsbpFee AevobpOrdersPrice spread, now −0.160%Rate

Funding earned: $11.26
Price spread: −0.160% → 0.000%: −$15.95
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$25.7
Costs to cover: 0.210%
Break-even: 23.0 days

Slippage unknown: Ondo Perps: no order-book sample; Aevo: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Ondo Perps and Aevo: 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 exchanges

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	−0.0465%	4h	441.58	−0.101%	$48K	$216K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0080%	1h	440.89	−0.256%	$372K	$109K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	441.77	−0.057%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.38	−0.145%	$2.0M	$398K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.58	−0.100%	$4.1M	$2.8M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.59	−0.097%	$1.7M	$1.1M	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	441.81	−0.048%	$1.8M	$1.5M	20x	as long as short
SunX TSM-USDT	0.0000%	8h	441.74	−0.063%	$1K	$3.7M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.71	−0.070%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.82	−0.045%	$1.5M	$572K	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	441.73	−0.066%	$497K	$139K	10x	as long as short
Injective TSM/USDC PERP	+0.0033%	1h	446.84	+1.090%	$7K	$38K	12x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.35	−0.152%	—	$2K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.30	−0.163%	$10.1M	$2.0M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.40	−0.140%	$187K	$71K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.17	−0.192%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.Plong	+0.0050%	1h	442.02	long leg	$161K	$36K	10x
Variational Omni TSM	+0.0066%	8h	442.00	−0.004%	$550K	$47K	—	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.30	−0.163%	$268K	$504K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.58	−0.100%	$21	—	10x	as long as short
Aevo TSM-PERPshort	+0.0104%	1h	441.31	−0.160%	$124	—	10x
BloFin TSM-USDT	+0.0114%	8h	441.80	−0.050%	$46K	$121K	20x	as long as short
Lighter RH TSM	+0.0120%	1h	441.83	−0.043%	$200K	$564K	10x	as long as short
Extended TSM-USD	+0.0136%	1h	441.59	−0.098%	$6K	$222K	10x	as long as short
Binance TSMUSDT	+0.0139%	8h	441.79	−0.053%	$13.2M	$8.9M	20x	as long as short
Phoenix TSM	+0.0217%	1h	441.76	−0.059%	$206K	$14K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0336%	8h	441.61	−0.093%	$13K	$1.4M	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0770%	1h	441.47	−0.124%	$97	$9K	10x	as long as short