Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: Vest against Orderly−0.045%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.045% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TSM_USDC_mythos | 442.15 | 0.0100 | pay 0.0100% / 8h | 4h 58m | $21 | — | 10x |
| Short | Vest TSM-USD-PERP | 441.95 | 0.0046 | get 0.0006% / 1h | 58m 10s | — | $2K | 25x |
Orderly PERP_TSM_USDC_mythos
Vest TSM-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$11.41
- Price spread: −0.045% → 0.000%
- −$4.52
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$23.93
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Vest: 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 Vest no order-book sample | — | — | — | — | — |
Orderly and Vest: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0080% | 1h | 441.94 | −0.047% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.33 | +0.041% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.13 | −0.005% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.23 | +0.018% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.09 | −0.014% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.31 | +0.036% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.23 | +0.018% | $1K | $3.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.06 | −0.020% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.83 | −0.072% | $1.5M | $567K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.51 | +0.081% | $498K | $138K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 442.43 | +0.063% | $203K | $557K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.407% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERPshort | +0.0046% | 1h | 441.95 | −0.045% | — | $2K | 25x | |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.04 | −0.025% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.03 | −0.027% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.87 | −0.063% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.86 | −0.066% | $161K | $36K | 10x | as long as short |
| Variational Omni TSM | +0.0061% | 8h | 442.40 | +0.056% | $550K | $47K | — | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0089% | 1h | 442.22 | +0.016% | $97 | $9K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.01 | −0.032% | $269K | $495K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 442.15 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 442.28 | +0.028% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0142% | 8h | 442.30 | +0.033% | $13.2M | $8.8M | 20x | as long as short |
| Extended TSM-USD | +0.0144% | 1h | 442.14 | −0.003% | $6K | $222K | 10x | as long as short |
| BloFin TSM-USDT | +0.0153% | 8h | 442.37 | +0.050% | $46K | $120K | 20x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.28 | +0.029% | $206K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0351% | 8h | 442.48 | +0.075% | $8K | $1.4M | 10x | as long as short |
| edgeX TSMUSDC | +0.0357% | 4h | 442.34 | +0.043% | $48K | $217K | 10x | as long as short |
Lighter RH TSM
Injective TSM/USDC PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Variational Omni TSM
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Aevo TSM-PERP
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Phoenix TSM
GRVT TSM_USDT_Perp
edgeX TSMUSDC