Funding you earn now, next payment 03:00 UTC+0.0535%/8h= +58.6% APRnext payment +$0.67 per $10,000 · paid last 24h +0.075%
Price spread now: Deribit against Ondo Perps+0.088%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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.088% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 443.02 | 0.0050 | pay 0.0006% / 1h | 57m 07s | $159K | $23K | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 443.41 | 0.0585 | get 0.0073% / 1h | 57m 07s | $4 | $24K | 10x |
Ondo Perps TSM-USD.P
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $112.3
- Price spread: +0.088% → 0.000%
- $8.8
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $109.1
- Costs to cover
- 0.120%
- Break-even
- 0.2 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: 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 Deribit no order-book sample | — | — | — | — | — |
Ondo Perps and Deribit: 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 | 443.70 | +0.154% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.22 | +0.045% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.71 | +0.156% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.40 | +0.086% | $1.7M | $910K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.63 | +0.138% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.52 | +0.112% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.45 | +0.097% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.27 | +0.056% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.78 | +0.172% | $1.5M | $442K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.49 | +0.106% | $222K | $644K | 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
Lighter RH TSMShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.87 | −0.034% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0047% | 8h | 443.59 | +0.129% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.43 | +0.093% | $4K | $195K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.13 | +0.025% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.20 | +0.041% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.97 | −0.011% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 443.02 | long leg | $159K | $23K | 10x | |
| edgeX TSMUSDC | +0.0066% | 4h | 443.52 | +0.113% | $48K | $217K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.22 | +0.045% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.50 | +0.108% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.56 | +0.122% | $124 | — | 10x | as long as short |
| Lighter TSM | +0.0136% | 1h | 443.98 | +0.217% | $501K | $173K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | +0.059% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 443.14 | +0.027% | $216K | $5K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0200% | 8h | 443.19 | +0.038% | $8K | $1.1M | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.81 | +1.081% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0585% | 1h | 443.41 | +0.088% | $4 | $24K | 10x |
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
edgeX TSMUSDC
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Lighter TSM
Coinbase International TSM-PERP-INTX
Phoenix TSM
GRVT TSM_USDT_Perp
Injective TSM/USDC PERP