Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Variational Omni against KuCoin+0.118%7-day average +0.075% · 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)−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.118%, 7d avg +0.075%
=Together, before fees−0.237%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.075%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 440.41 | 0.0100 | pay 0.0100% / 8h | 3h 23m | $267K | $310K | 20x |
| Short | Variational Omni TSM | 440.93 | 0 | get 0.0000% / 8h | 3h 23m | $546K | $40K | — |
KuCoin TSMUSDTM
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. 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
- −$21
- Price spread: +0.118% → +0.075%
- $4.27
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.73
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 49 min ago; Variational Omni: RFQ quote, 31 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 KuCoin live order book, 49 min ago | 16.99 bp | 74.4 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 31 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 TSMUSDC | −0.0782% | 4h | 441.17 | +0.172% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0202% | 8h | 441.02 | +0.139% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.88 | +0.106% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.61 | +0.045% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.71 | +0.068% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.58 | +0.039% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 440.93 | +0.118% | $546K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 440.84 | +0.098% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.48 | +0.016% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.88 | +0.107% | $1.5M | $485K | 10x | as long as short |
edgeX TSMUSDC
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 | 440.87 | +0.104% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.76 | +0.079% | $223K | $671K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.46 | +0.011% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.47 | +0.014% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.50 | +0.020% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.37 | −0.009% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | −0.091% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0068% | 8h | 440.80 | +0.089% | $12.9M | $7.5M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 440.62 | +0.049% | $2K | $195K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.086% | $367K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0091% | 8h | 440.78 | +0.084% | $45K | $100K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0092% | 8h | 440.87 | +0.104% | $8K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 440.41 | long leg | $267K | $310K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.67 | +0.059% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.66 | +0.057% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.73 | +0.073% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.74 | +1.210% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0386% | 1h | 440.62 | +0.048% | $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
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL