Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%
Price spread now: GRVT against Ondo Perps+0.026%53s7-day average +0.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.026%, 7d avg +0.065%
=Together, before fees−0.098%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.065%). Swap the legs. The two prices were read 53 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 | 445.02 | 0.0050 | pay 0.0006% / 1h | 6m 18s | $158K | $22K | 10x |
| Short | GRVT TSM_USDT_Perp | 445.14 | 0 | get 0.0000% / 8h | 2h 06m | $7K | $1.1M | 10x |
Ondo Perps TSM-USD.P
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.026% → +0.065%
- −$3.87
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$28.46
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 2 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 GRVT live order book, 2 min ago | 1.24 bp | 15.7 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 445.07 | +0.011% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.07 | +0.010% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.11 | +0.020% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.86 | −0.036% | $2.0M | $419K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.11 | +0.020% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.90 | −0.027% | $1.7M | $923K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.08 | +0.013% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.20 | +0.041% | $551K | $85K | — | as long as short |
| GRVT TSM_USDT_Perpshort | 0.0000% | 8h | 445.14 | +0.026% | $7K | $1.1M | 10x | |
| SunX TSM-USDT | 0.0000% | 8h | 445.11 | +0.020% | $1K | $5.4M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 444.81 | −0.047% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.97 | −0.011% | $1.5M | $465K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.094% | $356K | $96K | 10x | as long as short |
| BloFin TSM-USDT | +0.0024% | 8h | 445.17 | +0.034% | $44K | $105K | 20x | as long as short |
| edgeX TSMUSDC | +0.0026% | 4h | 445.17 | +0.035% | $48K | $214K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.20 | +0.040% | $224K | $685K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.91 | −0.025% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.77 | −0.056% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.95 | −0.016% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.78 | −0.054% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 445.02 | long leg | $158K | $22K | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.67 | −0.079% | $269K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.17 | +0.034% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.28 | +0.058% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 444.99 | −0.007% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.256% | $7K | $39K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0312% | 1h | 445.15 | +0.029% | $4 | $61K | 10x | as long as short |
| Lighter TSM | +0.0672% | 1h | 445.89 | +0.195% | $503K | $161K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
edgeX TSMUSDC
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM