Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: SoDEX against Orderly−0.071%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 SoDEX is 0.071% cheaper against Orderly than usual: you would sell low and buy high (−$7 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 | 447.97 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $22 | — | 10x |
| Short | SoDEX TSM-USD | 447.65 | 0.0050 | get 0.0006% / 1h | 26m 07s | $146 | $3K | 10x |
Orderly PERP_TSM_USDC_mythos
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.071% → 0.000%
- −$7.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$31.64
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample | — | — | — | — | — |
Orderly and SoDEX: 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 | −0.0052% | 4h | 448.02 | +0.012% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.228% | $358K | $101K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.85 | −0.026% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.90 | −0.015% | $5K | $207K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 448.00 | +0.007% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.90 | −0.016% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.93 | −0.009% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.76 | −0.047% | $1.7M | $921K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.92 | −0.011% | $555K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.79 | −0.040% | $13K | $1.1M | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 448.07 | +0.022% | $2K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.95 | −0.004% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.98 | +0.002% | $1.5M | $455K | 10x | as long as short |
| BloFin TSM-USDT | +0.0015% | 8h | 448.03 | +0.013% | $44K | $102K | 20x | as long as short |
| Bitget TSMUSDT | +0.0025% | 8h | 447.95 | −0.004% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 448.03 | +0.013% | $224K | $647K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.84 | −0.029% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.69 | −0.063% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.78 | −0.042% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 447.65 | −0.071% | $146 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.44 | −0.118% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.59 | −0.085% | $272K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 447.97 | long leg | $22 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 447.98 | +0.001% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.84 | −0.029% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.042% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0272% | 1h | 448.52 | +0.123% | $506K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0443% | 1h | 447.94 | −0.007% | $4 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Bitget TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL