Funding you earn now, next payment 04:00 UTC−0.0227%/8h= −24.8% APRpaid last 24h −0.002%
Price spread now: edgeX against Ondo Perps+0.116%54s7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.202%−$20 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.116%, 7d avg +0.069%
=Together, before fees−0.267%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.048% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.069%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.202% in total) that is about 40 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 441.15 | 0.0050 | pay 0.0006% / 1h | 18m 11s | $158K | $23K | 10x |
| Short | edgeX TSMUSDC | 441.66 | −0.0176 | pay 0.0088% / 4h | 18m 11s | $48K | $216K | 10x |
Ondo Perps TSM-USD.P
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$47.64
- Price spread: +0.116% → +0.069%
- $4.76
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$56.88
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 39 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 edgeX live order book, 39 min ago | 6.11 bp | 10.8 bp −$11 | 13.3 bp −$133 | 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 28 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDCshort | −0.0176% | 4h | 441.66 | +0.116% | $48K | $216K | 10x | |
| Bitget TSMUSDT | −0.0077% | 8h | 441.92 | +0.175% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.78 | +0.142% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.58 | +0.097% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.64 | +0.111% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.49 | +0.077% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.83 | +0.155% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.65 | +0.113% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.47 | +0.073% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.76 | +0.138% | $1.5M | $469K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.87 | +0.163% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.54 | +0.088% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.37 | +0.050% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.28 | +0.029% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.38 | +0.052% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.32 | +0.039% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 441.15 | long leg | $158K | $23K | 10x | |
| BloFin TSM-USDT | +0.0064% | 8h | 442.03 | +0.199% | $45K | $99K | 20x | as long as short |
| Binance TSMUSDT | +0.0079% | 8h | 441.70 | +0.125% | $13.0M | $7.2M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 441.57 | +0.095% | $1K | $190K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0090% | 1h | 441.65 | +0.113% | $4 | $24K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.29 | +0.032% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.64 | +0.111% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.58 | +0.098% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.082% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0146% | 8h | 441.74 | +0.134% | $11K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.72 | +0.129% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.482% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP