Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%
Price spread now: Variational Omni against tradeXYZ+0.086%7-day average +0.089% · 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)−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.086%, 7d avg +0.089%
=Together, before fees−0.119%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 440.65 | 0.0050 | pay 0.0006% / 1h | 47m 26s | $10.2M | $2.0M | 10x |
| Short | Variational Omni TSM | 441.03 | 0 | get 0.0000% / 8h | 2h 47m | $546K | $40K | — |
tradeXYZ xyz:TSM
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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
- −$10.5
- Price spread: +0.086% → +0.089%
- −$0.29
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.79
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 11 min ago; Variational Omni: RFQ quote, 2 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 tradeXYZ live order book, 11 min ago | 1.02 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 2.15 bp | doesn't fit | 21.1 bp −$211 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0175% | 8h | 441.02 | +0.084% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.98 | +0.075% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.78 | +0.030% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.04 | +0.089% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.95 | +0.068% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 441.03 | +0.086% | $546K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 441.11 | +0.104% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.78 | +0.256% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.28 | +0.143% | $1.5M | $495K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.03 | +0.086% | $497K | $137K | 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 TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 441.05 | +0.091% | $220K | $679K | 10x | as long as short |
| BloFin TSM-USDT | +0.0038% | 8h | 441.08 | +0.098% | $45K | $102K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.72 | +0.016% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 440.65 | long leg | $10.2M | $2.0M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.87 | +0.050% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.71 | +0.014% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.83 | +0.041% | $157K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 441.03 | +0.085% | $6K | $196K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0058% | 8h | 440.97 | +0.073% | $9K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0058% | 8h | 441.12 | +0.106% | $12.9M | $7.6M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.141% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.69 | +0.009% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.06 | +0.093% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.04 | +0.088% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 441.03 | +0.086% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.50 | +1.101% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0439% | 4h | 440.98 | +0.075% | $48K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0453% | 1h | 440.98 | +0.075% | $97 | $24K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
GRVT TSM_USDT_Perp
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL