Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Ondo Perps+0.041%7-day average −0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.041%, 7d avg −0.005%
=Together, before fees−0.076%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.045% dearer against Ondo Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.005%.
| 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 34s | $159K | $23K | 10x |
| Short | Polymarket Perps TSM-USD | 443.20 | 0.0050 | get 0.0006% / 1h | 57m 34s | $196K | $51K | 10x |
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$0.08
- Price spread: +0.041% → −0.005%
- $4.53
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$8.56
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 4 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 Polymarket Perps live order book, 4 min ago | 1.69 bp | 7.0 bp −$7 | 8.3 bp −$83 | 10.0 bp −$1,000 | 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 | 443.56 | +0.121% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.03 | +0.002% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.33 | +0.070% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.98 | −0.009% | $1.7M | $910K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.26 | +0.054% | $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 | 443.26 | +0.054% | $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 | 443.23 | +0.047% | $1.5M | $442K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 443.09 | +0.016% | $221K | $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 | 443.33 | +0.070% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.17 | +0.033% | $4K | $195K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.86 | −0.036% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 443.20 | +0.041% | $196K | $51K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 442.87 | −0.034% | $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 | 442.93 | −0.020% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.15 | +0.029% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.15 | +0.030% | $124 | — | 10x | as long as short |
| Lighter TSM | +0.0136% | 1h | 443.43 | +0.093% | $500K | $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-PERPETUAL | +0.0292% | 1h | 443.14 | +0.027% | $4 | $24K | 10x | as long as short |
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
tradeXYZ xyz:TSM
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
Deribit TSM_USDC-PERPETUAL