Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.017%
Price spread now: Extended against Orderly+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Extended is 0.025% dearer against Orderly than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TSM_USDC_mythos | 444.84 | 0.0100 | pay 0.0100% / 8h | 4h 04m | $21 | — | 10x |
| Short | Extended TSM-USD | 444.95 | 0 | get 0.0000% / 1h | 4m 32s | $2K | $167K | 10x |
Orderly PERP_TSM_USDC_mythos
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Orderly. 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
- −$21
- Price spread: +0.025% → 0.000%
- $2.55
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$29.45
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 25 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 Extended live order book, 25 min ago | 1.68 bp | 9.9 bp −$10 | 107.0 bp −$1,070 | doesn't fit | 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 | −0.0226% | 4h | 444.85 | +0.002% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0040% | 1h | 444.71 | −0.029% | $358K | $89K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.03 | +0.042% | $82K | $1K | 20x | as long as short |
| Extended TSM-USDshort | 0.0000% | 1h | 444.95 | +0.025% | $2K | $167K | 10x | |
| Binance TSMUSDT | 0.0000% | 8h | 445.02 | +0.040% | $13.1M | $6.6M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.75 | −0.020% | $2.0M | $380K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.99 | +0.034% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.81 | −0.007% | $1.7M | $889K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.88 | +0.010% | $556K | $81K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.97 | +0.029% | $14K | $932K | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
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 | 444.80 | −0.009% | $1K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.55 | −0.065% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.77 | −0.016% | $1.5M | $444K | 10x | as long as short |
| BloFin TSM-USDT | +0.0026% | 8h | 444.81 | −0.007% | $45K | $101K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.07 | +0.052% | $206K | $672K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.61 | −0.052% | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.0049% | 8h | 444.91 | +0.016% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.83 | −0.002% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.63 | −0.047% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.56 | −0.063% | $152 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.42 | −0.094% | $158K | $18K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.76 | −0.018% | $273K | $326K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 444.84 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 444.93 | +0.019% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 444.59 | −0.056% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.07 | +1.176% | $7K | $39K | 12x | as long as short |
| Lighter TSM | +0.0368% | 1h | 445.95 | +0.250% | $504K | $159K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0447% | 1h | 444.84 | 0.000% | $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
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL