Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Phemex−0.162%7-day average −0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.162%, 7d avg −0.083%
=Together, before fees+0.297%+ Points / potential airdropOndo Perps: Active · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.079% cheaper against Phemex than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of −0.083%). If the spread goes back, that is −$8 on $10k: about 5.2 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 443.44 | 0 | get 0.0000% / 8h | 5h 06m | $1.5M | $446K | 10x |
| Short | Ondo Perps TSM-USD.P | 442.72 | 0.0050 | get 0.0006% / 1h | 6m 29s | $158K | $23K | 10x |
Phemex TSMUSDT
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phemex. 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
- $10.58
- Price spread: −0.162% → −0.083%
- −$7.92
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$14.33
- Costs to cover
- 0.170%
- Break-even
- 16.5 days
Slippage unknown: Phemex: live order book, 1 min ago; Ondo Perps: 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 Phemex live order book, 1 min ago | 3.16 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 443.50 | +0.013% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.00 | −0.099% | $2.0M | $382K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.20 | −0.054% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.12 | −0.072% | $1.7M | $961K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.45 | +0.002% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.57 | +0.029% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.28 | −0.036% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.21 | −0.052% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.0000% | 8h | 443.44 | long leg | $1.5M | $446K | 10x | |
| Lighter TSM | +0.0032% | 1h | 443.57 | +0.029% | $501K | $173K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 443.27 | −0.038% | $221K | $645K | 10x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 443.24 | −0.046% | $2K | $189K | 10x | as long as short |
| BloFin TSM-USDT | +0.0041% | 8h | 443.33 | −0.025% | $45K | $98K | 20x | as long as short |
| Binance TSMUSDT | +0.0043% | 8h | 443.35 | −0.020% | $13.0M | $6.8M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.77 | −0.151% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.91 | −0.120% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.06 | −0.086% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.85 | −0.133% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 442.72 | −0.162% | $158K | $23K | 10x | |
| GRVT TSM_USDT_Perp | +0.0088% | 8h | 443.33 | −0.025% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.93 | −0.115% | $268K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.24 | −0.045% | $21 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0103% | 4h | 443.45 | +0.002% | $48K | $216K | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.25 | −0.042% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.088% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.70 | +0.059% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.132% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0721% | 1h | 443.34 | −0.023% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Extended TSM-USD
BloFin TSM-USDT
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
edgeX TSMUSDC
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL