TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.024%

Price spread now: Binance against Orderly+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Binance is 0.038% dearer against Orderly than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSM_USDC_mythos	439.68	0.0100	pay 0.0100% / 8h	1h 18m	$21	—	10x
Short	Binance TSMUSDT	439.85	0.0080	get 0.0080% / 8h	1h 18m	$12.9M	$7.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$4.18
Price spread: +0.038% → 0.000%: $3.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 7 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.46 bp	9.4 bp −$9	23.3 bp −$233	89.7 bp −$8,970	doesn't fit

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
edgeX TSMUSDC	−0.0508%	4h	439.67	−0.002%	$47K	$216K	10x	as long as short
Bitget TSMUSDT	−0.0219%	8h	439.81	+0.030%	$1.7M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	439.75	+0.016%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.67	−0.002%	$2.0M	$398K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	439.74	+0.014%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	439.59	−0.020%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	439.69	+0.002%	$558K	$37K	—	as long as short
SunX TSM-USDT	0.0000%	8h	439.78	+0.023%	$2K	$4.1M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	439.60	−0.018%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.73	+0.239%	$1.5M	$520K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	439.79	+0.025%	$495K	$137K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	439.69	+0.002%	$224K	$684K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.23	−0.102%	—	$1K	25x	as long as short
Coinbase International TSM-PERP-INTX	+0.0048%	1h	439.33	−0.080%	$366K	$102K	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.27	−0.093%	$10.2M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.39	−0.066%	$190K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.33	−0.080%	$136	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.64	−0.009%	$157K	$27K	10x	as long as short
Extended TSM-USD	+0.0080%	1h	439.61	−0.016%	$3K	$142K	10x	as long as short
Binance TSMUSDTshort	+0.0080%	8h	439.85	+0.038%	$12.9M	$7.9M	20x
BloFin TSM-USDT	+0.0089%	8h	439.71	+0.007%	$45K	$106K	20x	as long as short
GRVT TSM_USDT_Perp	+0.0094%	8h	439.67	−0.002%	$14K	$1.3M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.33	−0.080%	$266K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythoslong	+0.0100%	8h	439.68	long leg	$21	—	10x
Aevo TSM-PERP	+0.0104%	1h	439.79	+0.024%	$123	—	10x	as long as short
Phoenix TSM	+0.0164%	1h	439.50	−0.041%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.27	+1.044%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0319%	1h	439.57	−0.025%	$4	$25K	10x	as long as short