Funding you earn now, next payment 08:00 UTC+0.1051%/8h= +115.1% APRpaid last 24h 0.000%
Price spread now: Orderly against edgeX−0.063%71s7-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
=Funding pays, the price is against you. Orderly is 0.063% cheaper against edgeX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$32 a day). The two prices were read 71 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 | edgeX TSMUSDC | 439.73 | −0.0951 | get 0.0476% / 4h | 55m 57s | $47K | $215K | 10x |
| Short | Orderly PERP_TSM_USDC_mythos | 439.45 | 0.0100 | get 0.0100% / 8h | 55m 57s | $21 | — | 10x |
edgeX TSMUSDC
Orderly PERP_TSM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $220.76
- Price spread: −0.063% → 0.000%
- −$6.31
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $199.44
- Costs to cover
- 0.150%
- Break-even
- 0.7 days
Slippage unknown: edgeX: live order book, 46 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 edgeX live order book, 46 min ago | 5.69 bp | 10.4 bp −$10 | 13.0 bp −$130 | doesn't fit | 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 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 TSMUSDClong | −0.0951% | 4h | 439.73 | long leg | $47K | $215K | 10x | |
| Bitget TSMUSDT | −0.0167% | 8h | 439.82 | +0.021% | $1.7M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | −0.0004% | 1h | 439.08 | −0.147% | $10.1M | $1.8M | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.56 | −0.038% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.39 | −0.077% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.58 | −0.034% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.41 | −0.072% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.72 | −0.002% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.54 | −0.043% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.56 | −0.038% | $9K | $8K | 20x | as long as short |
Bitget TSMUSDT
tradeXYZ xyz:TSM
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 440.52 | +0.180% | $1.5M | $525K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.57 | −0.036% | $495K | $185K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.31 | −0.095% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.21 | −0.118% | — | $2K | 25x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.37 | −0.081% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.24 | −0.111% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.18 | −0.125% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.090% | $366K | $99K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 439.59 | −0.031% | $12.9M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.46 | −0.060% | $3K | $142K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 439.82 | +0.021% | $6K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0084% | 8h | 439.60 | −0.029% | $45K | $106K | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0091% | 1h | 439.42 | −0.070% | $4 | $25K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.33 | −0.090% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 439.45 | −0.063% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 439.43 | −0.068% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.57 | −0.036% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.18 | +1.013% | $6K | $38K | 12x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
BloFin TSM-USDT
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP