TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against HTX−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Orderly is 0.025% cheaper against HTX than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TSM-USDT	439.56	0	get 0.0000% / 8h	56m 13s	$9K	$8K	20x
Short	Orderly PERP_TSM_USDC_mythos	439.45	0.0100	get 0.0100% / 8h	56m 13s	$21	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee OrderlybpOrdersPrice spread, now −0.025%Rate

Funding earned: $21
Price spread: −0.025% → 0.000%: −$2.5
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.5
Costs to cover: 0.180%
Break-even: 6.8 days

Slippage unknown: HTX: 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 HTX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

HTX 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	−0.0951%	4h	439.73	+0.038%	$47K	$215K	10x	as long as short
Bitget TSMUSDT	−0.0167%	8h	439.82	+0.059%	$1.7M	$1.5M	20x	as long as short
tradeXYZ xyz:TSM	−0.0004%	1h	439.08	−0.109%	$10.1M	$1.8M	10x	as long as short
Aster TSMUSDT	0.0000%	8h	439.55	−0.002%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.38	−0.041%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	439.58	+0.005%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	439.41	−0.034%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	439.72	+0.036%	$559K	$38K	—	as long as short
SunX TSM-USDT	0.0000%	8h	439.54	−0.005%	$1K	$4.1M	10x	as long as short
HTX TSM-USDTlong	0.0000%	8h	439.56	long leg	$9K	$8K	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSMUSDT	0.0000%	8h	440.52	+0.218%	$1.5M	$525K	10x	as long as short
Lighter TSM	+0.0032%	1h	439.57	+0.002%	$495K	$185K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	439.31	−0.057%	$221K	$720K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.21	−0.080%	—	$2K	25x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.37	−0.043%	$190K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.24	−0.073%	$138	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.18	−0.086%	$158K	$27K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0056%	1h	439.33	−0.052%	$366K	$99K	10x	as long as short
Binance TSMUSDT	+0.0062%	8h	439.58	+0.004%	$12.9M	$8.0M	20x	as long as short
Extended TSM-USD	+0.0064%	1h	439.44	−0.028%	$3K	$142K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0076%	8h	439.82	+0.059%	$6K	$1.3M	10x	as long as short
BloFin TSM-USDT	+0.0084%	8h	439.60	+0.009%	$45K	$106K	20x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0091%	1h	439.42	−0.032%	$4	$25K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.32	−0.055%	$266K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythosshort	+0.0100%	8h	439.45	−0.025%	$21	—	10x
Aevo TSM-PERP	+0.0104%	1h	439.43	−0.029%	$123	—	10x	as long as short
Phoenix TSM	+0.0164%	1h	439.57	+0.002%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.18	+1.051%	$6K	$38K	12x	as long as short