Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%
Price spread now: Ondo Perps against Orderly+0.032%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. Ondo Perps is 0.032% dearer against Orderly than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TSM_USDC_mythos | 444.28 | 0.0100 | pay 0.0100% / 8h | 6h 34m | $21 | — | 10x |
| Short | Ondo Perps TSM-USD.P | 444.42 | 0.0050 | get 0.0006% / 1h | 34m 48s | $160K | $25K | 10x |
Orderly PERP_TSM_USDC_mythos
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Orderly. 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
- −$10.42
- Price spread: +0.032% → 0.000%
- $3.15
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$18.26
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Orderly and 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 | 444.26 | −0.005% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.70 | −0.131% | $2.0M | $402K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.88 | −0.090% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.01 | −0.061% | $1.7M | $935K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.20 | −0.018% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.77 | +0.111% | $551K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.38 | +0.023% | $1K | $4.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.60 | +0.072% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.41 | +0.029% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0007% | 8h | 444.23 | −0.010% | $13.0M | $7.0M | 20x | 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
Phemex TSMUSDT
Binance TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0008% | 1h | 444.12 | −0.036% | $5K | $196K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.22 | −0.014% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.317% | $45K | $99K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.30 | +0.005% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.09 | −0.043% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.73 | −0.124% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.09 | −0.043% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 444.42 | +0.032% | $160K | $25K | 10x | |
| Polymarket Perps TSM-USD | +0.0054% | 1h | 444.41 | +0.029% | $200K | $45K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0066% | 8h | 444.89 | +0.137% | $17K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.88 | −0.090% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 444.28 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 444.21 | −0.015% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.44 | +0.036% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.438% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0416% | 1h | 444.64 | +0.081% | $502K | $170K | 10x | as long as short |
| edgeX TSMUSDC | +0.0704% | 4h | 444.76 | +0.108% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0787% | 1h | 444.19 | −0.020% | $4 | $23K | 10x | as long as short |
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Polymarket Perps TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL