Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Ondo Perps against Variational Omni−0.040%51s7-day average −0.070% · 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)+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.040%, 7d avg −0.070%
=Together, before fees+0.106%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.030% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.070%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 440.18 | 0 | get 0.0000% / 8h | 6h 19m | $551K | $44K | — |
| Short | Ondo Perps TSM-USD.P | 440.01 | 0.0050 | get 0.0006% / 1h | 19m 48s | $158K | $27K | 10x |
Variational Omni TSM
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $10.58
- Price spread: −0.040% → −0.070%
- $3.04
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $8.62
- Costs to cover
- 0.050%
- Break-even
- 1.3 days
Slippage unknown: Variational Omni: RFQ quote, 32 min ago; Ondo Perps: 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, 32 min ago | 2.16 bp | doesn't fit | 43.1 bp −$431 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.42 | −0.174% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.10 | −0.018% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.96 | −0.051% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.24 | +0.013% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.99 | −0.044% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.30 | +0.026% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 440.18 | long leg | $551K | $44K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 440.22 | +0.008% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.13 | −0.012% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.77 | −0.094% | $1.5M | $545K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 440.22 | +0.008% | $496K | $143K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.77 | −0.094% | — | $2K | 25x | as long as short |
| Lighter RH TSM | +0.0048% | 1h | 440.23 | +0.010% | $195K | $726K | 10x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 440.12 | −0.014% | $5K | $215K | 10x | as long as short |
| Binance TSMUSDT | +0.0048% | 8h | 440.26 | +0.017% | $13.0M | $8.3M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.68 | −0.115% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | −0.078% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.84 | −0.078% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 440.01 | −0.040% | $158K | $27K | 10x | |
| BloFin TSM-USDT | +0.0067% | 8h | 440.40 | +0.049% | $45K | $112K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.78 | −0.092% | $267K | $413K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.23 | +0.010% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.18 | −0.001% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.08 | −0.024% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.855% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0232% | 8h | 440.34 | +0.035% | $9K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0570% | 4h | 440.32 | +0.031% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0660% | 1h | 440.19 | +0.001% | $4 | $11K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
Lighter RH TSM
Extended TSM-USD
Binance TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL