Funding you earn now, next payment 16:00 UTC+0.0243%/8h= +26.6% APRnext payment +$2.43 per $10,000 · paid last 24h −0.021%
Price spread now: GRVT against Orderly+0.112%70s7-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
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GRVT is 0.112% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | 441.62 | 0.0100 | pay 0.0100% / 8h | 4h 50m | $21 | — | 10x |
| Short | GRVT TSM_USDT_Perp | 442.12 | 0.0343 | get 0.0343% / 8h | 4h 50m | $8K | $1.4M | 10x |
Orderly PERP_TSM_USDC_mythos
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $51.03
- Price spread: +0.112% → 0.000%
- $11.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $47.28
- Costs to cover
- 0.150%
- Break-even
- 0.5 days
Slippage unknown: Orderly: no order-book sample; GRVT: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 1 min ago | 0.11 bp | 22.5 bp −$23 | doesn't fit | 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 exchanges
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 | −0.0080% | 1h | 441.94 | +0.072% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.74 | +0.027% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.37 | −0.057% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.58 | −0.009% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.59 | −0.007% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.59 | −0.007% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.05 | +0.097% | $1K | $3.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.71 | +0.020% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.74 | +0.027% | $1.5M | $571K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.66 | +0.009% | $497K | $139K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective TSM/USDC PERP | +0.0033% | 1h | 446.84 | +1.182% | $7K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.74 | +0.027% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.49 | −0.029% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.77 | +0.034% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.52 | −0.023% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.02 | +0.091% | $161K | $36K | 10x | as long as short |
| Variational Omni TSM | +0.0066% | 8h | 442.00 | +0.087% | $550K | $47K | — | as long as short |
| Lighter RH TSM | +0.0072% | 1h | 441.75 | +0.029% | $200K | $564K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.32 | −0.068% | $268K | $502K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 441.62 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 441.70 | +0.019% | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.0136% | 1h | 441.53 | −0.021% | $6K | $222K | 10x | as long as short |
| Binance TSMUSDT | +0.0140% | 8h | 441.61 | −0.001% | $13.2M | $8.9M | 20x | as long as short |
| BloFin TSM-USDT | +0.0156% | 8h | 442.07 | +0.102% | $46K | $121K | 20x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 441.77 | +0.034% | $206K | $14K | 10x | as long as short |
| edgeX TSMUSDC | +0.0288% | 4h | 442.13 | +0.116% | $48K | $216K | 10x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0343% | 8h | 442.12 | +0.112% | $8K | $1.4M | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0430% | 1h | 441.43 | −0.043% | $97 | $9K | 10x | as long as short |
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Variational Omni TSM
Lighter RH TSM
KuCoin TSMUSDTM
Aevo TSM-PERP
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Phoenix TSM
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL