Funding you earn now, next payment 02:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.009%
Price spread now: Binance against Ondo Perps+0.088%7-day average +0.073% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 2 days (all we have)−0.014%−$1 · spread now +0.088%, 7d avg +0.073%
=Together, before fees−0.382%+ Points / potential airdropOndo Perps: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 443.06 | 0.0050 | pay 0.0006% / 1h | 3m 32s | $159K | $23K | 10x |
| Short | Binance TSMUSDT | 443.45 | 0.0039 | get 0.0039% / 8h | 6h 03m | $13.0M | $6.7M | 20x |
Ondo Perps TSM-USD.P
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.32
- Price spread: +0.088% → +0.073%
- $1.49
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.83
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 7 min ago. 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 Binance live order book, 7 min ago | 1.24 bp | 9.0 bp −$9 | 22.5 bp −$225 | doesn't fit | doesn't fit |
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 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 | 443.66 | +0.135% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.13 | +0.016% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.38 | +0.072% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.28 | +0.050% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.53 | +0.106% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.48 | +0.094% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.52 | +0.104% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.50 | +0.099% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.66 | +0.135% | $1.5M | $441K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 443.28 | +0.050% | $370K | $107K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTXShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 443.38 | +0.072% | $221K | $645K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0039% | 8h | 443.45 | +0.088% | $13.0M | $6.7M | 20x | |
| Extended TSM-USD | +0.0040% | 1h | 443.40 | +0.077% | $4K | $195K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.96 | −0.023% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.95 | −0.025% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.95 | −0.025% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 443.06 | long leg | $159K | $23K | 10x | |
| Polymarket Perps TSM-USD | +0.0051% | 1h | 443.16 | +0.023% | $196K | $51K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.05 | −0.002% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.41 | +0.079% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.41 | +0.078% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 443.39 | +0.074% | $216K | $5K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0185% | 8h | 443.53 | +0.107% | $9K | $1.1M | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.451% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0392% | 1h | 443.98 | +0.208% | $501K | $172K | 10x | as long as short |
| edgeX TSMUSDC | +0.0408% | 4h | 443.69 | +0.142% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0766% | 1h | 443.41 | +0.079% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Extended TSM-USD
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
GRVT TSM_USDT_Perp
Injective TSM/USDC PERP
Lighter TSM
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL