Funding you earn now, next payment 11:00 UTC−0.0851%/8h= −93.2% APRpaid last 24h +0.063%
Price spread now: edgeX against Ondo Perps+0.236%54s7-day average +0.072% · you sell dearer than you buy
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)−0.163%−$16 · spread now +0.236%, 7d avg +0.072%
=Together, before fees−0.275%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.164% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of +0.072%): +$16 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.113% in total) that is about 10 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
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 | Ondo Perps TSM-USD.P | 441.40 | 0.0050 | pay 0.0006% / 1h | 43m 42s | $156K | $31K | 10x |
| Short | edgeX TSMUSDC | 442.44 | −0.0801 | pay 0.0400% / 4h | 1h 43m | $48K | $217K | 10x |
Ondo Perps TSM-USD.P
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Ondo Perps. 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
- −$178.71
- Price spread: +0.236% → +0.072%
- $16.41
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$176.31
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 1 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 1 min ago | 5.32 bp | 10.0 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
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 TSMUSDCshort | −0.0801% | 4h | 442.44 | +0.236% | $48K | $217K | 10x | |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.007% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.26 | +0.195% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.04 | +0.145% | $2.0M | $394K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.16 | +0.172% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.98 | +0.131% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.28 | +0.199% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.17 | +0.174% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.18 | +0.177% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.75 | +0.079% | $1.5M | $562K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 442.21 | +0.184% | $498K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 442.17 | +0.174% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.578% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.86 | +0.104% | — | $2K | 25x | as long as short |
| Variational Omni TSM | +0.0049% | 8h | 442.20 | +0.182% | $554K | $44K | — | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.88 | +0.109% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.82 | +0.095% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.79 | +0.088% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 441.40 | long leg | $156K | $31K | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.85 | +0.102% | $269K | $449K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.23 | +0.188% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.11 | +0.162% | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.0120% | 1h | 442.08 | +0.153% | $1K | $217K | 10x | as long as short |
| Binance TSMUSDT | +0.0123% | 8h | 442.23 | +0.189% | $13.0M | $8.6M | 20x | as long as short |
| BloFin TSM-USDT | +0.0130% | 8h | 442.20 | +0.181% | $45K | $117K | 20x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.43 | +0.233% | $210K | $10K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0316% | 1h | 442.09 | +0.156% | $4 | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0411% | 8h | 442.50 | +0.250% | $8K | $1.3M | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
Variational Omni TSM
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
GRVT TSM_USDT_Perp