Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: tradeXYZ against Ondo Perps+0.038%7-day average −0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.038%, 7d avg −0.022%
=Together, before fees−0.109%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board−$11 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: tradeXYZ is 0.060% dearer against Ondo Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 447.16 | 0.0050 | pay 0.0006% / 1h | 21m 29s | $157K | $21K | 10x |
| Short | tradeXYZ xyz:TSM | 447.33 | 0.0050 | get 0.0006% / 1h | 21m 29s | $10.3M | $2.4M | 10x |
Ondo Perps TSM-USD.P
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: +0.038% → −0.022%
- $5.99
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$17.09
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago | 0.89 bp | 11.7 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.047% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDT | −0.0011% | 8h | 447.66 | +0.112% | $44K | $101K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.57 | +0.091% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.63 | +0.104% | $5K | $207K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.73 | +0.127% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.55 | +0.087% | $2.0M | $412K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.72 | +0.125% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.57 | +0.092% | $1.7M | $925K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.92 | +0.170% | $555K | $84K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.77 | +0.136% | $1K | $4.9M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 447.80 | +0.143% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.76 | +0.134% | $1.5M | $455K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.70 | +0.121% | $224K | $648K | 10x | as long as short |
| Bitget TSMUSDT | +0.0032% | 8h | 447.64 | +0.107% | $1.6M | $1.4M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.67 | +0.114% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 447.33 | +0.038% | $10.3M | $2.4M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.59 | +0.096% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.44 | +0.063% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 447.16 | long leg | $157K | $21K | 10x | |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 448.04 | +0.197% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.38 | +0.049% | $272K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.72 | +0.125% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.72 | +0.125% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.52 | +0.081% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.226% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0288% | 1h | 448.33 | +0.262% | $506K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0353% | 1h | 447.67 | +0.114% | $98 | $32K | 10x | as long as short |
| edgeX TSMUSDC | +0.0724% | 4h | 447.66 | +0.112% | $48K | $216K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Bitget TSMUSDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC