Funding you earn now, next payment 10:00 UTC+0.1014%/8h= +111.0% APRpaid last 24h −0.063%
Price spread now: Ondo Perps against edgeX−0.087%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.087%, 7d avg −0.072%
=Together, before fees+0.149%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: +$30 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 440.47 | −0.0963 | get 0.0482% / 4h | 2h 09m | $47K | $216K | 10x |
| Short | Ondo Perps TSM-USD.P | 440.09 | 0.0050 | get 0.0006% / 1h | 9m 30s | $158K | $27K | 10x |
edgeX TSMUSDC
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against edgeX. 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
- $212.85
- Price spread: −0.087% → −0.072%
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $197.35
- Costs to cover
- 0.140%
- Break-even
- 0.5 days
Slippage unknown: edgeX: live order book, 40 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 edgeX live order book, 40 min ago | 5.12 bp | 9.9 bp −$10 | 12.5 bp −$125 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDClong | −0.0963% | 4h | 440.47 | long leg | $47K | $216K | 10x | |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.42 | −0.239% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.54 | +0.016% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.44 | −0.007% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.48 | +0.002% | $4.1M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.39 | −0.019% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.61 | +0.031% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.49 | +0.004% | $552K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.55 | +0.018% | $2K | $3.8M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 440.38 | −0.021% | $4 | $10K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUALShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 440.56 | +0.020% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.78 | +0.070% | $1.5M | $547K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.49 | +0.004% | $496K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.58 | +0.024% | $195K | $729K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.11 | −0.082% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.19 | −0.064% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.34 | −0.030% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.12 | −0.080% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 440.09 | −0.087% | $158K | $27K | 10x | |
| Binance TSMUSDT | +0.0061% | 8h | 440.63 | +0.036% | $13.0M | $8.3M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.43 | −0.009% | $1K | $217K | 10x | as long as short |
| BloFin TSM-USDT | +0.0079% | 8h | 440.55 | +0.018% | $45K | $113K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.14 | −0.075% | $268K | $421K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.51 | +0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.46 | −0.003% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.30 | −0.039% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.789% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0262% | 8h | 440.51 | +0.009% | $8K | $1.3M | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp