Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.009%
Price spread now: Extended against Variational Omni−0.133%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)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.133%, 7d avg −0.018%
=Together, before fees+0.103%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.115% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.018%). If the spread goes back, that is −$12 on $10k: about 9.6 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.019% in total) that is about 22 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 439.87 | 0 | get 0.0000% / 8h | 7h 56m | $553K | $43K | — |
| Short | Extended TSM-USD | 439.28 | 0.0040 | get 0.0005% / 1h | 56m 43s | $3K | $219K | 10x |
Variational Omni TSM
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $8.4
- Price spread: −0.133% → −0.018%
- −$11.54
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$8.14
- Costs to cover
- 0.050%
- Break-even
- 13.8 days
Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Extended: live order book, 39 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, 42 min ago | 2.16 bp | doesn't fit | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell Extended live order book, 39 min ago | 1.37 bp | 9.4 bp −$9 | 82.0 bp −$820 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 439.61 | −0.059% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.25 | −0.140% | $2.0M | $403K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.33 | −0.122% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.20 | −0.151% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 439.36 | −0.115% | $1.7M | $1.5M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 439.87 | long leg | $553K | $43K | — | |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 439.46 | −0.092% | $7K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.38 | −0.110% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.66 | −0.047% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.08 | +0.049% | $1.5M | $521K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
GRVT TSM_USDT_Perp
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 | 439.19 | −0.154% | $494K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.03 | −0.190% | $219K | $689K | 10x | as long as short |
| Extended TSM-USDshort | +0.0040% | 1h | 439.28 | −0.133% | $3K | $219K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 438.99 | −0.199% | $371K | $92K | 10x | as long as short |
| Binance TSMUSDT | +0.0043% | 8h | 439.36 | −0.115% | $12.8M | $8.0M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.79 | −0.245% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0050% | 8h | 439.39 | −0.108% | $45K | $108K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.88 | −0.224% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.00 | −0.197% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.04 | −0.188% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.02 | −0.192% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.52 | −0.079% | $267K | $323K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.47 | −0.090% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.36 | −0.115% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.97 | +0.024% | $209K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.54 | +1.063% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0446% | 4h | 439.90 | +0.007% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0775% | 1h | 439.32 | −0.124% | $4 | $19K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL