Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%
Price spread now: Injective against Orderly+1.381%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 1.381% dearer against Orderly than usual: you sell high and buy low: +$138 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TSM_USDC_mythos | 441.59 | 0.0100 | pay 0.0100% / 8h | 4h 14m | $21 | — | 10x |
| Short | Injective TSM/USDC PERP | 447.69 | 0.0220 | get 0.0028% / 1h | 14m 18s | $7K | $38K | 12x |
Orderly PERP_TSM_USDC_mythos
Injective TSM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $25.2
- Price spread: +1.381% → 0.000%
- $138.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $157.32
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0084% | 8h | 441.92 | +0.075% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.85 | +0.059% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.54 | −0.011% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.77 | +0.041% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.50 | −0.020% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.69 | +0.023% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.84 | +0.057% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.47 | −0.027% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.88 | +0.066% | $1.5M | $473K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.87 | +0.063% | $497K | $176K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 441.63 | +0.009% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.43 | −0.036% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.39 | −0.045% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.41 | −0.041% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.45 | −0.032% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.30 | −0.066% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0054% | 8h | 441.69 | +0.023% | $45K | $99K | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.64 | +0.012% | $1K | $190K | 10x | as long as short |
| Binance TSMUSDT | +0.0072% | 8h | 441.77 | +0.040% | $13.0M | $7.3M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.30 | −0.066% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 441.59 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 441.65 | +0.013% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.181% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0125% | 8h | 441.74 | +0.034% | $11K | $1.2M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0180% | 1h | 441.63 | +0.009% | $97 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0194% | 4h | 441.58 | −0.002% | $48K | $217K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.66 | +0.016% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.0220% | 1h | 447.69 | +1.381% | $7K | $38K | 12x |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC
Phoenix TSM