Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%
Price spread now: Orderly against SoDEX+0.076%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.076% dearer against SoDEX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 445.75 | 0.0050 | pay 0.0006% / 1h | 5m 30s | $145 | $3K | 10x |
| Short | Orderly PERP_TSM_USDC_mythos | 446.09 | 0.0100 | get 0.0100% / 8h | 1h 05m | $21 | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against SoDEX. 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: +0.076% → 0.000%
- $7.63
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $4.13
- Costs to cover
- 0.140%
- Break-even
- 4.2 days
Slippage unknown: SoDEX: no order-book sample; Orderly: 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
SoDEX and 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 | −0.0072% | 4h | 446.17 | +0.094% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0026% | 8h | 446.23 | +0.108% | $44K | $105K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.99 | +0.053% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.15 | +0.089% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.25 | +0.112% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.79 | +0.009% | $2.0M | $422K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.12 | +0.083% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.96 | +0.047% | $1.7M | $924K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.08 | +0.074% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.20 | +0.102% | $553K | $85K | — | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.20 | +0.101% | $5K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.22 | +0.105% | $2K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.20 | +0.101% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.99 | −0.170% | $1.5M | $472K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.258% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.07 | +0.072% | $225K | $602K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.88 | +0.029% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.73 | −0.004% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.81 | +0.013% | $196K | $91K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 445.75 | long leg | $145 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.66 | −0.020% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.59 | −0.036% | $271K | $326K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 446.09 | +0.076% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 446.09 | +0.076% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 446.11 | +0.081% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +0.933% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0384% | 1h | 446.55 | +0.179% | $504K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0760% | 1h | 446.14 | +0.087% | $4 | $61K | 10x | as long as short |
SoDEX TSM-USD
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL