Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Gate+0.048%58s7-day average −0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.048%, 7d avg −0.016%
=Together, before fees+0.038%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.064% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 58 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 | Gate TSM_USDT | 439.73 | 0 | get 0.0000% / 8h | 1h 53m | $1.7M | $1.1M | 100x |
| Short | Ondo Perps TSM-USD.P | 439.94 | 0.0050 | get 0.0006% / 1h | 53m 40s | $157K | $27K | 10x |
Gate TSM_USDT
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Gate. 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
- $10.58
- Price spread: +0.048% → −0.016%
- $6.37
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$3.04
- Costs to cover
- 0.200%
- Break-even
- 9.0 days
Slippage unknown: Gate: live order book, 4 min ago; 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 Gate live order book, 4 min ago | 2.73 bp | 12.3 bp −$12 | 85.7 bp −$857 | 147.7 bp −$14.8K | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0180% | 8h | 440.40 | +0.152% | $1.7M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0104% | 4h | 440.03 | +0.068% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.01 | +0.064% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.74 | +0.002% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.88 | +0.034% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 439.73 | long leg | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | +0.065% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.92 | +0.043% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.96 | +0.052% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.57 | +0.191% | $1.5M | $515K | 10x | as long as short |
Bitget TSMUSDT
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.08 | +0.080% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.79 | +0.014% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.39 | −0.077% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.091% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.44 | −0.066% | $10.2M | $1.8M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.41 | −0.073% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 439.94 | +0.048% | $157K | $27K | 10x | |
| GRVT TSM_USDT_Perp | +0.0062% | 8h | 440.25 | +0.118% | $16K | $1.3M | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.87 | +0.032% | $5K | $179K | 10x | as long as short |
| Binance TSMUSDT | +0.0066% | 8h | 439.95 | +0.050% | $12.9M | $7.9M | 20x | as long as short |
| BloFin TSM-USDT | +0.0081% | 8h | 440.14 | +0.093% | $45K | $105K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.59 | −0.032% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.82 | +0.020% | $21 | — | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0101% | 1h | 439.59 | −0.032% | $192K | $63K | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.84 | +0.025% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.19 | +0.105% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.269% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0774% | 1h | 439.89 | +0.036% | $97 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
SoDEX TSM-USD
GRVT TSM_USDT_Perp
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Polymarket Perps TSM-USD
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL