Funding you earn now, next payment 22:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%
Price spread now: Variational Omni against Injective−5.017%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 5.017% cheaper against Injective than usual: you would sell low and buy high (−$502 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 | Injective TSM/USDC PERP | 468.41 | 0.0220 | pay 0.0028% / 1h | 25m 13s | $7K | $39K | 12x |
| Short | Variational Omni TSM | 444.91 | 0 | get 0.0000% / 8h | 2h 25m | $551K | $85K | — |
Injective TSM/USDC PERP
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- −$46.2
- Price spread: −5.017% → 0.000%
- −$501.71
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$547.93
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 63 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 63 min ago | 1.98 bp | doesn't fit | 21.0 bp −$210 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0018% | 4h | 444.94 | −5.010% | $48K | $214K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.91 | −5.018% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.87 | −5.026% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 444.91 | −5.018% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.60 | −5.083% | $2.0M | $418K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.89 | −5.021% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.70 | −5.062% | $1.7M | $920K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.88 | −5.023% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 444.91 | −5.017% | $551K | $85K | — | |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.99 | −5.000% | $7K | $1.1M | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 444.91 | −5.017% | $1K | $5.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 444.95 | −5.008% | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.54 | −5.096% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.85 | −5.030% | $1.5M | $463K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −5.083% | $356K | $96K | 10x | as long as short |
| BloFin TSM-USDT | +0.0022% | 8h | 444.91 | −5.017% | $44K | $104K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.13 | −4.970% | $201K | $661K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.89 | −5.021% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.67 | −5.068% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.77 | −5.047% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.62 | −5.079% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.76 | −5.049% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.79 | −5.043% | $270K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.93 | −5.013% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.24 | −4.947% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 444.91 | −5.017% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERPlong | +0.0220% | 1h | 468.41 | long leg | $7K | $39K | 12x | |
| Lighter TSM | +0.0640% | 1h | 445.88 | −4.810% | $503K | $161K | 10x | as long as short |
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Lighter TSM