Funding you earn now, next payment 08:00 UTC+0.0602%/8h= +66.0% APRpaid last 24h −0.030%
Price spread now: Variational Omni against edgeX−0.005%59s7-day average −0.001% · 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)+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.005%, 7d avg −0.001%
=Together, before fees−0.002%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.029% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 440.50 | −0.0602 | get 0.0301% / 4h | 3h 02m | $47K | $217K | 10x |
| Short | Variational Omni TSM | 440.47 | 0 | get 0.0000% / 8h | 3h 02m | $546K | $40K | — |
edgeX TSMUSDC
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- $126.49
- Price spread: −0.005% → −0.001%
- −$0.41
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $117.08
- Costs to cover
- 0.090%
- Break-even
- 0.5 days
Slippage unknown: edgeX: live order book, 49 min ago; Variational Omni: RFQ quote, 51 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 edgeX live order book, 49 min ago | 5.22 bp | 9.9 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 51 min ago | 1.97 bp | doesn't fit | 30.1 bp −$301 | doesn't fit | doesn't fit |
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 TSMUSDClong | −0.0602% | 4h | 440.50 | long leg | $47K | $217K | 10x | |
| Bitget TSMUSDT | −0.0219% | 8h | 441.10 | +0.137% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.05 | +0.126% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.00 | +0.114% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.96 | +0.105% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.87 | +0.085% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 440.47 | −0.005% | $546K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 441.12 | +0.142% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.67 | +0.040% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.25 | +0.171% | $1.5M | $491K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.08 | +0.133% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.05 | +0.126% | $220K | $677K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.48 | −0.004% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.57 | +0.017% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.67 | +0.040% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.35 | −0.033% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | −0.126% | $156K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 441.07 | +0.130% | $12.9M | $7.6M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.96 | +0.104% | $5K | $188K | 10x | as long as short |
| BloFin TSM-USDT | +0.0068% | 8h | 441.15 | +0.148% | $45K | $102K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 440.59 | +0.021% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.106% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.61 | +0.026% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.89 | +0.089% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.97 | +0.107% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.64 | +0.033% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.19 | +1.066% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0726% | 1h | 441.01 | +0.117% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL