Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Polymarket Perps against Orderly−0.032%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.032% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TSM_USDC_mythos | 441.66 | 0.0100 | pay 0.0100% / 8h | 4h 08m | $21 | — | 10x |
| Short | Polymarket Perps TSM-USD | 441.52 | 0.0050 | get 0.0006% / 1h | 8m 37s | $189K | $73K | 10x |
Orderly PERP_TSM_USDC_mythos
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$10.5
- Price spread: −0.032% → 0.000%
- −$3.17
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$27.67
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 31 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 Polymarket Perps live order book, 31 min ago | 1.81 bp | 7.4 bp −$7 | 8.0 bp −$80 | 11.2 bp −$1,121 | 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 | 441.19 | −0.106% | $372K | $104K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.56 | −0.023% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.33 | −0.075% | $2.0M | $353K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.44 | −0.050% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.35 | −0.070% | $1.7M | $1.1M | 100x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.78 | +0.027% | $1K | $3.6M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.74 | +0.018% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.19 | −0.106% | $1.5M | $576K | 10x | as long as short |
| Bitget TSMUSDT | +0.0027% | 8h | 441.63 | −0.007% | $1.8M | $1.5M | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.90 | +0.054% | $498K | $151K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Bitget 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 | 446.24 | +1.037% | $7K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.53 | −0.029% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.19 | −0.106% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 441.52 | −0.032% | $189K | $73K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 441.37 | −0.066% | $132 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.08 | −0.131% | $160K | $36K | 10x | as long as short |
| Variational Omni TSM | +0.0079% | 8h | 441.67 | +0.002% | $550K | $47K | — | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.27 | −0.088% | $268K | $542K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 441.66 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 441.67 | +0.003% | $124 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.0135% | 8h | 441.70 | +0.009% | $46K | $123K | 20x | as long as short |
| Extended TSM-USD | +0.0136% | 1h | 441.36 | −0.068% | $2K | $227K | 10x | as long as short |
| Binance TSMUSDT | +0.0139% | 8h | 441.52 | −0.032% | $13.2M | $8.9M | 20x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 441.68 | +0.005% | $206K | $14K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0263% | 8h | 441.68 | +0.005% | $12K | $1.4M | 10x | as long as short |
| Lighter RH TSM | +0.0280% | 1h | 441.87 | +0.048% | $198K | $566K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0747% | 1h | 441.63 | −0.007% | $4 | $9K | 10x | as long as short |
| edgeX TSMUSDC | +0.0775% | 4h | 441.73 | +0.015% | $48K | $215K | 10x | as long as short |
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Variational Omni TSM
KuCoin TSMUSDTM
Aevo TSM-PERP
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
Phoenix TSM
GRVT TSM_USDT_Perp
Lighter RH TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC