Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.018%
Price spread now: Orderly against Bitget−0.034%53s7-day average — · you buy dearer than you sell
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—needs both histories
Funding pays, the price is against you. Orderly is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 441.34 | 0 | get 0.0000% / 8h | 4h 29m | $1.8M | $1.5M | 20x |
| Short | Orderly PERP_TSM_USDC_mythos | 441.19 | 0.0100 | get 0.0100% / 8h | 4h 29m | $21 | — | 10x |
Bitget TSMUSDT
Orderly PERP_TSM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- $21
- Price spread: −0.034% → 0.000%
- −$3.4
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.4
- Costs to cover
- 0.180%
- Break-even
- 7.1 days
Slippage unknown: Bitget: live order book, 6 min ago; 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 Bitget live order book, 6 min ago | 0.11 bp | 13.7 bp −$14 | 27.9 bp −$279 | 66.3 bp −$6,627 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0080% | 1h | 441.14 | −0.045% | $372K | $108K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.49 | +0.034% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.02 | −0.073% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.25 | −0.020% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.01 | −0.075% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 441.34 | long leg | $1.8M | $1.5M | 20x | |
| SunX TSM-USDT | 0.0000% | 8h | 441.38 | +0.009% | $1K | $3.6M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.23 | −0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.76 | −0.131% | $1.5M | $576K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.27 | −0.016% | $497K | $140K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective TSM/USDC PERP | +0.0033% | 1h | 446.84 | +1.246% | $7K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.01 | −0.075% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.59 | −0.170% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.10 | −0.054% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.97 | −0.084% | $131 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.16 | −0.041% | $160K | $36K | 10x | as long as short |
| Variational Omni TSM | +0.0079% | 8h | 441.43 | +0.021% | $550K | $47K | — | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.87 | −0.106% | $268K | $520K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 441.19 | −0.034% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 441.12 | −0.050% | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.0144% | 1h | 441.05 | −0.067% | $6K | $222K | 10x | as long as short |
| Binance TSMUSDT | +0.0144% | 8h | 441.26 | −0.018% | $13.2M | $9.0M | 20x | as long as short |
| BloFin TSM-USDT | +0.0158% | 8h | 441.56 | +0.050% | $46K | $122K | 20x | as long as short |
| Lighter RH TSM | +0.0216% | 1h | 441.23 | −0.025% | $200K | $564K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 441.78 | +0.100% | $206K | $14K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0315% | 8h | 441.62 | +0.064% | $12K | $1.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0590% | 1h | 440.89 | −0.102% | $97 | $9K | 10x | as long as short |
| edgeX TSMUSDC | +0.0621% | 4h | 441.44 | +0.023% | $48K | $217K | 10x | as long as short |
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Variational Omni TSM
KuCoin TSMUSDTM
Aevo TSM-PERP
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Lighter RH TSM
Phoenix TSM
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC