Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Gate against Ondo Perps−0.002%7-day average +0.016% · you buy dearer than you sell
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)+0.035%+$4 · spread now −0.002%, 7d avg +0.016%
=Together, before fees−0.084%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 440.39 | 0.0050 | pay 0.0006% / 1h | 3m 45s | $158K | $27K | 10x |
| Short | Gate TSM_USDT | 440.38 | 0 | get 0.0000% / 8h | 2h 03m | $1.7M | $1.1M | 100x |
Ondo Perps TSM-USD.P
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.58
- Price spread: −0.002% → +0.016%
- −$1.82
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$32.41
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago | 5.56 bp | 17.8 bp −$18 | 36.2 bp −$362 | 50.4 bp −$5,036 | 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 | −0.0950% | 4h | 440.93 | +0.123% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0185% | 8h | 440.61 | +0.050% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.46 | +0.016% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.38 | −0.002% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.36 | −0.007% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 440.38 | −0.002% | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 440.83 | +0.101% | $558K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.86 | +0.107% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.96 | +0.129% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.19 | +0.182% | $1.5M | $512K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
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 | 440.38 | −0.002% | $496K | $138K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.30 | −0.020% | $225K | $689K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.17 | −0.050% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.01 | −0.086% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.33 | −0.014% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.20 | −0.043% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 440.39 | long leg | $158K | $27K | 10x | |
| GRVT TSM_USDT_Perp | +0.0051% | 8h | 440.86 | +0.108% | $5K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0051% | 8h | 440.91 | +0.118% | $45K | $104K | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.44 | +0.011% | $5K | $183K | 10x | as long as short |
| Binance TSMUSDT | +0.0056% | 8h | 440.57 | +0.040% | $12.9M | $7.8M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.241% | $366K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.05 | −0.077% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.59 | +0.045% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.59 | +0.046% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.78 | +0.089% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.967% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0954% | 1h | 440.58 | +0.043% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
GRVT TSM_USDT_Perp
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
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