Funding you earn now, next payment 02:00 UTC+0.0943%/8h= +103.3% APRpaid last 24h +0.090%
Price spread now: Deribit against Variational Omni+0.033%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Deribit is 0.033% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 444.46 | 0 | get 0.0000% / 8h | 6h 23m | $550K | $82K | — |
| Short | Deribit TSM_USDC-PERPETUAL | 444.61 | 0.0943 | get 0.0118% / 1h | 23m 42s | $4 | $23K | 10x |
Variational Omni TSM
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $198.13
- Price spread: +0.033% → 0.000%
- $3.34
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $194.47
- Costs to cover
- 0.070%
- Break-even
- 0.1 days
Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Deribit: no order-book sample. 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, 45 min ago | 2.70 bp | doesn't fit | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 27 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 | −0.0901% | 4h | 444.50 | +0.010% | $48K | $215K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.59 | +0.028% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.16 | −0.068% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.40 | −0.014% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.20 | −0.059% | $1.7M | $984K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.58 | +0.027% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 444.46 | long leg | $550K | $82K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 444.77 | +0.069% | $2K | $4.6M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.22 | −0.054% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.86 | +0.090% | $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 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TSMUSDT | +0.0015% | 8h | 444.54 | +0.018% | $13.1M | $6.9M | 20x | as long as short |
| Extended TSM-USD | +0.0016% | 1h | 444.37 | −0.020% | $4K | $197K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.30 | −0.036% | $371K | $105K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.41 | −0.012% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.28 | −0.041% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.91 | −0.124% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.11 | −0.079% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.13 | −0.075% | $160K | $25K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0051% | 1h | 444.49 | +0.006% | $197K | $48K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.10 | −0.081% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.59 | +0.029% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.62 | +0.035% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0108% | 8h | 444.43 | −0.007% | $7K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.11 | −0.079% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.131% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0376% | 1h | 444.86 | +0.090% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0943% | 1h | 444.61 | +0.033% | $4 | $23K | 10x |
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM