Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.006%
Price spread now: Variational Omni against Binance−0.027%7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.006%−$1 on $10k
+Price spread, last 2 days (all we have)+0.001%$0 · spread now −0.027%, 7d avg −0.001%
=Together, before fees−0.005%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.026% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 444.58 | 0.0010 | pay 0.0010% / 8h | 6h 25m | $13.1M | $7.0M | 20x |
| Short | Variational Omni TSM | 444.46 | 0 | get 0.0000% / 8h | 6h 25m | $550K | $82K | — |
Binance TSMUSDT
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$2.2
- Price spread: −0.027% → −0.001%
- −$2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$14.79
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: RFQ quote, 43 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 Binance live order book, 15 min ago | 1.01 bp | 8.8 bp −$9 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 43 min ago | 2.70 bp | doesn't fit | 30.5 bp −$305 | doesn't fit | doesn't fit |
TSM on 27 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 | −0.0711% | 4h | 444.58 | +0.001% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.47 | −0.025% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.29 | −0.065% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.39 | −0.043% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.27 | −0.070% | $1.7M | $982K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.69 | +0.025% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 444.46 | −0.027% | $550K | $82K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 444.55 | −0.007% | $2K | $4.6M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.22 | −0.081% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.61 | +0.007% | $1.5M | $455K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0008% | 1h | 444.46 | −0.027% | $4K | $197K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0010% | 8h | 444.58 | long leg | $13.1M | $7.0M | 20x | |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.30 | −0.063% | $371K | $105K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.44 | −0.031% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.02 | −0.126% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.99 | −0.133% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.96 | −0.139% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.02 | −0.126% | $160K | $25K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0051% | 1h | 444.26 | −0.072% | $197K | $48K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0088% | 8h | 444.44 | −0.031% | $7K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.18 | −0.090% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.47 | −0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.46 | −0.026% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.09 | −0.110% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.104% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0384% | 1h | 444.94 | +0.081% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0921% | 1h | 444.52 | −0.013% | $4 | $23K | 10x | as long as short |
Extended TSM-USD
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL