Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.003%
Price spread now: Coinbase International against Variational Omni−0.029%7-day average −0.202% · 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)−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.029%, 7d avg −0.202%
=Together, before fees+0.029%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.173% dearer against Variational Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.202%. Mind the row above: over the last 3 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 441.98 | 0 | get 0.0000% / 8h | 4h 45m | $547K | $40K | — |
| Short | Coinbase International TSM-PERP-INTX | 441.85 | 0.0120 | get 0.0015% / 1h | 45m 14s | $368K | $102K | 10x |
Variational Omni TSM
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $25.2
- Price spread: −0.029% → −0.202%
- $17.34
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $32.54
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Coinbase International: live order book, 13 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, 14 min ago | 2.35 bp | doesn't fit | 48.7 bp −$487 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 13 min ago | 4.64 bp | 10.5 bp −$10 | 14.1 bp −$141 | 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 | −0.0681% | 4h | 442.12 | +0.032% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.43 | +0.103% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.72 | −0.058% | $2.0M | $390K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.01 | +0.007% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.65 | −0.074% | $1.7M | $968K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.00 | +0.005% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 441.98 | long leg | $547K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 441.97 | −0.002% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.98 | 0.000% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.84 | +0.195% | $1.5M | $454K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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 | 442.11 | +0.030% | $498K | $175K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.78 | −0.045% | $220K | $642K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.38 | −0.135% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.43 | −0.124% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.50 | −0.108% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.74 | −0.054% | $158K | $23K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0059% | 1h | 441.68 | −0.067% | $194K | $52K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 441.98 | 0.000% | $13.0M | $6.9M | 20x | as long as short |
| BloFin TSM-USDT | +0.0063% | 8h | 442.09 | +0.025% | $45K | $98K | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.86 | −0.026% | $3K | $188K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.52 | −0.104% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.88 | −0.022% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.96 | −0.003% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 442.22 | +0.055% | $6K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0120% | 1h | 441.85 | −0.029% | $368K | $102K | 10x | |
| Phoenix TSM | +0.0199% | 1h | 441.94 | −0.009% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.292% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0769% | 1h | 441.91 | −0.015% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Extended TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL