Funding you earn now, next payment 19:00 UTC−0.0090%/8hnext payment −$0.11 per $10,000 · paid last 24h −0.038%
Price spread now: Coinbase International against Ondo Perps−0.056%7-day average −0.150% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.056%, 7d avg −0.150%
=Together, before fees−0.189%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.094% dearer against Ondo Perps than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.150%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 444.96 | 0.0050 | pay 0.0006% / 1h | 23m 36s | $158K | $18K | 10x |
| Short | Coinbase International TSM-PERP-INTX | 444.71 | −0.0040 | pay 0.0005% / 1h | 23m 36s | $358K | $89K | 10x |
Ondo Perps TSM-USD.P
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$18.98
- Price spread: −0.056% → −0.150%
- $9.4
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$24.58
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 8 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 Coinbase International live order book, 8 min ago | 4.94 bp | 9.9 bp −$10 | 13.6 bp −$136 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0242% | 4h | 445.51 | +0.124% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | −0.0040% | 1h | 444.71 | −0.056% | $358K | $89K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 445.27 | +0.070% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.41 | +0.102% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.39 | +0.097% | $13.1M | $6.5M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.20 | +0.054% | $2.0M | $378K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.35 | +0.088% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.26 | +0.067% | $1.7M | $883K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.48 | +0.116% | $557K | $81K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.49 | +0.119% | $10K | $895K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 445.54 | +0.130% | $1K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.46 | +0.112% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.94 | −0.004% | $1.5M | $439K | 10x | as long as short |
| BloFin TSM-USDT | +0.0004% | 8h | 445.47 | +0.115% | $45K | $100K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.48 | +0.117% | $206K | $671K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.25 | +0.065% | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.0049% | 8h | 445.16 | +0.045% | $1.6M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.07 | +0.025% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.14 | +0.040% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.13 | +0.038% | $151 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 444.96 | long leg | $158K | $18K | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.99 | +0.007% | $273K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.50 | +0.121% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.52 | +0.125% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.44 | +0.108% | $217K | $5K | 10x | as long as short |
| Lighter TSM | +0.0208% | 1h | 445.95 | +0.222% | $504K | $154K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.01 | +1.135% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0424% | 1h | 445.48 | +0.117% | $4 | $61K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
Bitget TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Lighter TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL