Funding you earn now, next payment 16:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.025%
Price spread now: BloFin against Orderly+0.011%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 52 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 | Orderly PERP_TSM_USDC_mythos | 439.80 | 0.0100 | pay 0.0100% / 8h | 6h 53m | $21 | — | 10x |
| Short | BloFin TSM-USDT | 439.85 | 0.0063 | get 0.0063% / 8h | 6h 53m | $45K | $111K | 20x |
Orderly PERP_TSM_USDC_mythos
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. 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
- −$7.77
- Price spread: +0.011% → 0.000%
- $1.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$24.64
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 62 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 62 min ago | 0.91 bp | 10.7 bp −$11 | 18.5 bp −$185 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0060% | 4h | 439.99 | +0.042% | $47K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.24 | −0.127% | $371K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.83 | +0.007% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.48 | −0.073% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.84 | +0.009% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.64 | −0.036% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 439.87 | +0.016% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.01 | +0.048% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.71 | −0.020% | $1K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.08 | +0.064% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 439.94 | +0.032% | $1.5M | $543K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.73 | −0.016% | $495K | $143K | 10x | as long as short |
| Extended TSM-USD | +0.0032% | 1h | 439.67 | −0.030% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDT | +0.0034% | 8h | 439.80 | 0.000% | $12.9M | $8.3M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.31 | −0.111% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.39 | −0.093% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.40 | −0.091% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.32 | −0.109% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.93 | +0.030% | $158K | $27K | 10x | as long as short |
| Lighter RH TSM | +0.0056% | 1h | 439.74 | −0.014% | $196K | $724K | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0063% | 8h | 439.85 | +0.011% | $45K | $111K | 20x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.44 | −0.082% | $267K | $376K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 439.80 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 439.75 | −0.012% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.83 | +0.007% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.944% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0279% | 8h | 439.98 | +0.040% | $12K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0638% | 1h | 439.70 | −0.023% | $4 | $13K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Extended TSM-USD
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Lighter RH TSM
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL