Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.009%
Price spread now: Binance against Ondo Perps+0.184%7-day average +0.081% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.184%, 7d avg +0.081%
=Together, before fees−0.667%+ Points / potential airdropOndo Perps: Active · farm board−$67 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.103% dearer against Ondo Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.081%. Mind the row above: over the last 7 days funding on this pair cost −0.368%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 439.97 | 0.0050 | pay 0.0006% / 1h | 15m 27s | $156K | $23K | 10x |
| Short | Binance TSMUSDT | 440.78 | 0.0067 | get 0.0067% / 8h | 3h 15m | $12.9M | $7.5M | 20x |
Ondo Perps TSM-USD.P
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Ondo Perps. 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
- $3.45
- Price spread: +0.184% → +0.081%
- $10.34
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1.21
- Costs to cover
- 0.150%
- Break-even
- 9.4 days
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 10 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 10 min ago | 0.34 bp | 5.3 bp −$5 | 19.3 bp −$193 | doesn't fit | doesn't fit |
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 | −0.0208% | 8h | 440.79 | +0.186% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.74 | +0.174% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.58 | +0.139% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.65 | +0.155% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.47 | +0.114% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.72 | +0.171% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.78 | +0.184% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.75 | +0.177% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.81 | +0.191% | $1.5M | $486K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.82 | +0.193% | $496K | $176K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 440.71 | +0.168% | $220K | $676K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.37 | +0.091% | — | $583 | 25x | as long as short |
| edgeX TSMUSDC | +0.0046% | 4h | 440.57 | +0.136% | $47K | $217K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.31 | +0.077% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.43 | +0.105% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.25 | +0.064% | $140 | $3K | 10x | as long as short |
| BloFin TSM-USDT | +0.0050% | 8h | 440.58 | +0.139% | $45K | $100K | 20x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 439.97 | long leg | $156K | $23K | 10x | |
| Extended TSM-USD | +0.0064% | 1h | 440.70 | +0.165% | $4K | $194K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0067% | 8h | 440.78 | +0.184% | $12.9M | $7.5M | 20x | |
| GRVT TSM_USDT_Perp | +0.0076% | 8h | 440.63 | +0.150% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | +0.014% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.31 | +0.077% | $268K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.60 | +0.143% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.67 | +0.159% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.38 | +0.093% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.45 | +1.246% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0340% | 1h | 440.60 | +0.143% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
edgeX TSMUSDC
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
Extended TSM-USD
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL