Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.68 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against Variational Omni−0.069%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.069%, 7d avg +0.018%
=Together, before fees+0.264%+ Points / potential airdropVariational Omni: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.087% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.018%). If the spread goes back, that is −$9 on $10k: about 4.2 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.006% in total) that is about 50 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 439.75 | 0 | get 0.0000% / 8h | 1h 35m | $556K | $36K | — |
| Short | Binance TSMUSDT | 439.45 | 0.0068 | get 0.0068% / 8h | 1h 35m | $12.9M | $7.8M | 20x |
Variational Omni TSM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Variational Omni. 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
- $14.31
- Price spread: −0.069% → +0.018%
- −$8.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$4.36
- Costs to cover
- 0.100%
- Break-even
- 9.1 days
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Binance: live order book, 5 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 Variational Omni RFQ quote, 8 min ago | 2.90 bp | doesn't fit | 41.1 bp −$411 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.48 bp | 9.7 bp −$10 | 22.4 bp −$224 | 95.3 bp −$9,532 | 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 | −0.0885% | 4h | 439.63 | −0.027% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0214% | 8h | 439.56 | −0.043% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.21 | −0.123% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.24 | −0.116% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.31 | −0.100% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.25 | −0.113% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 439.75 | long leg | $556K | $36K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 439.65 | −0.022% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.64 | −0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.71 | +0.219% | $1.5M | $514K | 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 | 439.43 | −0.072% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.14 | −0.138% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.24 | −0.116% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.095% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.76 | −0.225% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.37 | −0.086% | $192K | $64K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.19 | −0.127% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.33 | −0.095% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.34 | −0.092% | $3K | $176K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0068% | 8h | 439.45 | −0.069% | $12.9M | $7.8M | 20x | |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.64 | −0.024% | $4K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0080% | 8h | 439.79 | +0.010% | $45K | $105K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.84 | −0.206% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.48 | −0.061% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.55 | −0.046% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.53 | −0.050% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.124% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0798% | 1h | 439.50 | −0.056% | $4 | $25K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL