Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Gate+0.045%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—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.045% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 445.12 | 0 | get 0.0000% / 8h | 1h 46m | $1.7M | $919K | 100x |
| Short | Orderly PERP_TSM_USDC_mythos | 445.32 | 0.0100 | get 0.0100% / 8h | 1h 46m | $21 | — | 10x |
Gate TSM_USDT
Orderly PERP_TSM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21
- Price spread: +0.045% → 0.000%
- $4.49
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $4.49
- Costs to cover
- 0.210%
- Break-even
- 5.5 days
Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago | 3.03 bp | 14.9 bp −$15 | 86.9 bp −$869 | 150.4 bp −$15.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | 0.0000% | 8h | 445.46 | +0.076% | $44K | $104K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.28 | +0.036% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.25 | +0.028% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.32 | +0.045% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.09 | −0.007% | $2.0M | $420K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.27 | +0.034% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 445.12 | long leg | $1.7M | $919K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 445.27 | +0.034% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.30 | +0.041% | $551K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.35 | +0.052% | $7K | $1.1M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 445.40 | +0.063% | $1K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.33 | +0.047% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.05 | −0.016% | $1.5M | $467K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.117% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.37 | +0.056% | $224K | $597K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.98 | −0.031% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.96 | −0.036% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.16 | +0.009% | $195K | $89K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.94 | −0.040% | $147 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.88 | −0.054% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.01 | −0.025% | $269K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 445.32 | +0.045% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 445.38 | +0.058% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.39 | +0.061% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +1.076% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0537% | 4h | 445.31 | +0.042% | $48K | $215K | 10x | as long as short |
| Lighter TSM | +0.0648% | 1h | 446.02 | +0.202% | $503K | $160K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0694% | 1h | 445.34 | +0.049% | $4 | $61K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Lighter TSM
Deribit TSM_USDC-PERPETUAL