Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Gate against Ondo Perps+0.072%7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.072%, 7d avg +0.015%
=Together, before fees−0.174%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.057% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.015%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 443.66 | 0.0050 | pay 0.0006% / 1h | 31m 27s | $159K | $23K | 10x |
| Short | Gate TSM_USDT | 443.98 | 0 | get 0.0000% / 8h | 5h 31m | $1.7M | $956K | 100x |
Ondo Perps TSM-USD.P
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.58
- Price spread: +0.072% → +0.015%
- $5.74
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$24.84
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago | 3.49 bp | 17.5 bp −$18 | 37.6 bp −$376 | 52.4 bp −$5,242 | 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 TSMUSDC | −0.0469% | 4h | 443.92 | +0.059% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.40 | +0.166% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | +0.054% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.19 | +0.119% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 443.98 | +0.072% | $1.7M | $956K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 443.95 | +0.065% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.95 | +0.065% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.19 | +0.119% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.81 | +0.034% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.25 | +0.133% | $1.5M | $444K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
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 | 444.38 | +0.162% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.20 | +0.122% | $221K | $644K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.82 | +0.036% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0047% | 8h | 444.24 | +0.130% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 444.14 | +0.109% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.70 | +0.009% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.95 | +0.065% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.61 | −0.011% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 443.66 | long leg | $159K | $23K | 10x | |
| BloFin TSM-USDT | +0.0056% | 8h | 444.03 | +0.083% | $45K | $98K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.70 | +0.009% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.15 | +0.110% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.12 | +0.103% | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0133% | 1h | 443.89 | +0.052% | $98 | $24K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0143% | 8h | 443.94 | +0.064% | $8K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.086% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.86 | +0.045% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.089% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Deribit TSM_USDC-PERPETUAL
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP