Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.009%
Price spread now: Variational Omni against Extended+0.416%7-day average +0.018% · 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)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.366%−$37 · spread now +0.416%, 7d avg +0.018%
=Together, before fees−0.386%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.398% dearer against Extended than usual: you sell high and buy low (spread +0.416% now, against its 7-day average of +0.018%): +$40 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 33 days. At the pace of the last 4 days (−0.019% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 437.32 | 0.0040 | pay 0.0005% / 1h | 54m 39s | $3K | $219K | 10x |
| Short | Variational Omni TSM | 439.14 | 0 | get 0.0000% / 8h | 7h 54m | $553K | $43K | — |
Extended TSM-USD
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Extended. 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
- −$8.4
- Price spread: +0.416% → +0.018%
- $39.84
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $26.44
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 41 min ago; Variational Omni: RFQ quote, 44 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 Extended live order book, 41 min ago | 1.37 bp | 9.3 bp −$9 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 44 min ago | 2.16 bp | doesn't fit | 30.9 bp −$309 | 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 TSMUSDC | −0.0768% | 4h | 439.45 | +0.488% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.19 | +0.200% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 436.98 | −0.077% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 437.35 | +0.007% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.43 | +0.026% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 437.09 | −0.052% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 439.14 | +0.416% | $553K | $43K | — | |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 439.46 | +0.490% | $7K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 437.77 | +0.104% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 438.04 | +0.165% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 438.34 | +0.234% | $1.5M | $522K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.21 | −0.025% | $492K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 436.90 | −0.095% | $210K | $712K | 10x | as long as short |
| Binance TSMUSDT | +0.0037% | 8h | 437.42 | +0.023% | $12.8M | $8.1M | 20x | as long as short |
| Extended TSM-USDlong | +0.0040% | 1h | 437.32 | long leg | $3K | $219K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.87 | +0.126% | $370K | $98K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.14 | −0.041% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 436.72 | −0.137% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.46 | +0.033% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.68 | +0.083% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.94 | +0.371% | $157K | $28K | 10x | as long as short |
| BloFin TSM-USDT | +0.0059% | 8h | 437.78 | +0.106% | $45K | $107K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.38 | +0.014% | $265K | $323K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.25 | +0.213% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.78 | +0.105% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.14 | +0.417% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.517% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0642% | 1h | 437.73 | +0.094% | $4 | $17K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL