Funding you earn now, next payment 11:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.015%
Price spread now: Variational Omni against SoDEX+0.054%7-day average — · 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)—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
The price spread pays, funding is against you. Variational Omni is 0.054% dearer against SoDEX than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 442.16 | 0.0050 | pay 0.0006% / 1h | 55m 29s | $136 | $3K | 10x |
| Short | Variational Omni TSM | 442.40 | 0.0006 | get 0.0006% / 8h | 5h 55m | $554K | $44K | — |
SoDEX TSM-USD
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against SoDEX. 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
- −$9.29
- Price spread: +0.054% → 0.000%
- $5.36
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$11.92
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 56 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 56 min ago | 2.16 bp | doesn't fit | 20.9 bp −$209 | doesn't fit | doesn't fit |
SoDEX: 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 exchanges
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 | −0.0955% | 4h | 442.16 | 0.000% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.75 | −0.093% | $373K | $108K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.28 | +0.026% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.26 | +0.023% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.47 | +0.070% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.26 | +0.023% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.59 | +0.097% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.56 | +0.090% | $1K | $3.8M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 442.39 | +0.052% | $97 | $10K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.04 | −0.027% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 441.96 | −0.045% | $1.5M | $558K | 10x | as long as short |
| Variational Omni TSMshort | +0.0006% | 8h | 442.40 | +0.054% | $554K | $44K | — | |
| Lighter TSM | +0.0032% | 1h | 442.42 | +0.059% | $498K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 442.71 | +0.124% | $199K | $686K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.405% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.41 | +0.057% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.29 | +0.029% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.19 | +0.007% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 442.16 | long leg | $136 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.68 | −0.109% | $156K | $31K | 10x | as long as short |
| BloFin TSM-USDT | +0.0077% | 8h | 442.25 | +0.020% | $45K | $115K | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 442.38 | +0.051% | $1K | $217K | 10x | as long as short |
| Binance TSMUSDT | +0.0086% | 8h | 442.55 | +0.089% | $13.0M | $8.5M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.93 | −0.052% | $269K | $438K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.45 | +0.066% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.49 | +0.074% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 442.26 | +0.023% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0310% | 8h | 442.32 | +0.037% | $8K | $1.3M | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
GRVT TSM_USDT_Perp