TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0294%/8h= −32.2% APRnext payment −$2.94 per $10,000 · paid last 24h −0.017%

Price spread now: Bitget against Orderly+0.030%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 Bitget

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. Bitget is 0.030% dearer against Orderly than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TSM_USDC_mythos	439.56	0.0100	pay 0.0100% / 8h	1h 46m	$21	—	10x
Short	Bitget TSMUSDT	439.69	−0.0194	pay 0.0194% / 8h	1h 46m	$1.7M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$61.74
Price spread: +0.030% → 0.000%: $2.96
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.78
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	4.09 bp	12.2 bp −$12	14.5 bp −$145	41.6 bp −$4,164	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	−0.0496%	4h	439.93	+0.084%	$47K	$217K	10x	as long as short
Bitget TSMUSDTshort	−0.0194%	8h	439.69	+0.030%	$1.7M	$1.5M	20x
Aster TSMUSDT	0.0000%	8h	439.64	+0.018%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.48	−0.018%	$2.0M	$397K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	439.55	−0.002%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	439.40	−0.036%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	439.85	+0.065%	$557K	$36K	—	as long as short
SunX TSM-USDT	0.0000%	8h	439.66	+0.023%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	439.68	+0.027%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	440.64	+0.246%	$1.5M	$516K	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	439.55	−0.002%	$495K	$137K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	439.49	−0.016%	$224K	$684K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.28	−0.064%	—	$1K	25x	as long as short
Coinbase International TSM-PERP-INTX	+0.0048%	1h	439.33	−0.052%	$366K	$102K	10x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	439.26	−0.068%	$10.2M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.43	−0.030%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.19	−0.084%	$134	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.40	−0.036%	$157K	$27K	10x	as long as short
BloFin TSM-USDT	+0.0054%	8h	439.68	+0.027%	$45K	$105K	20x	as long as short
Extended TSM-USD	+0.0064%	1h	439.52	−0.009%	$5K	$179K	10x	as long as short
Binance TSMUSDT	+0.0068%	8h	439.60	+0.010%	$12.8M	$7.9M	20x	as long as short
GRVT TSM_USDT_Perp	+0.0070%	8h	439.83	+0.060%	$4K	$1.3M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.34	−0.050%	$266K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythoslong	+0.0100%	8h	439.56	long leg	$21	—	10x
Aevo TSM-PERP	+0.0104%	1h	439.62	+0.015%	$123	—	10x	as long as short
Phoenix TSM	+0.0164%	1h	439.88	+0.073%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.69	+1.167%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0570%	1h	439.55	−0.002%	$4	$25K	10x	as long as short