TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Variational Omni−0.106%7-day average −0.075% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.106%, 7d avg −0.075%

Together, before fees+0.225%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.031% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.075%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TSM	440.93	0	get 0.0000% / 8h	3h 26m	$546K	$40K	—
Short	KuCoin TSMUSDTM	440.46	0.0100	get 0.0100% / 8h	3h 26m	$267K	$311K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.106%Rate

Funding earned: $21
Price spread: −0.106% → −0.075%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $5.88
Costs to cover: 0.120%
Break-even: 5.0 days

Slippage unknown: Variational Omni: RFQ quote, 28 min ago; KuCoin: live order book, 46 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, 28 min ago	1.97 bp	doesn't fit	32.8 bp −$328	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	16.99 bp	50.1 bp −$50	doesn't fit	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	−0.0647%	4h	440.90	−0.006%	$47K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0199%	8h	441.06	+0.030%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.82	−0.024%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.67	−0.059%	$2.0M	$388K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	440.96	+0.007%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.80	−0.029%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSMlong	0.0000%	8h	440.93	long leg	$546K	$40K	—
SunX TSM-USDT	0.0000%	8h	441.01	+0.019%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.91	−0.004%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.01	+0.019%	$1.5M	$483K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	440.87	−0.013%	$496K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	440.82	−0.025%	$223K	$671K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.50	−0.097%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.38	−0.124%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.65	−0.063%	$192K	$60K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.49	−0.099%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.56	−0.084%	$158K	$22K	10x	as long as short
BloFin TSM-USDT	+0.0070%	8h	441.32	+0.089%	$45K	$100K	20x	as long as short
Binance TSMUSDT	+0.0070%	8h	440.94	+0.004%	$12.9M	$7.5M	20x	as long as short
Extended TSM-USD	+0.0072%	1h	440.82	−0.024%	$2K	$195K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.03	−0.204%	$367K	$102K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0095%	8h	440.92	−0.002%	$11K	$1.2M	10x	as long as short
KuCoin TSMUSDTMshort	+0.0100%	8h	440.46	−0.106%	$267K	$311K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.93	0.000%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.92	−0.001%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.09	+0.037%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.10	+0.946%	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0454%	1h	440.86	−0.016%	$4	$24K	10x	as long as short