Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Variational Omni+0.060%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$3 a day on $10k at the current rate, and Orderly is 0.060% dearer against Variational Omni than usual: you sell high and buy low: +$6 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 | 439.14 | 0 | get 0.0000% / 8h | 7h 55m | $553K | $43K | — |
| Short | Orderly PERP_TSM_USDC_mythos | 439.40 | 0.0100 | get 0.0100% / 8h | 7h 55m | $21 | — | 10x |
Variational Omni TSM
Orderly PERP_TSM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21
- Price spread: +0.060% → 0.000%
- $5.98
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $20.98
- Costs to cover
- 0.060%
- Break-even
- 0.0 days
Slippage unknown: Variational Omni: RFQ quote, 43 min ago; Orderly: 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, 43 min ago | 2.16 bp | doesn't fit | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 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 | 438.76 | −0.085% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.88 | −0.286% | $2.0M | $406K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.27 | −0.198% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.25 | −0.202% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.07 | −0.243% | $1.7M | $1.5M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 439.14 | long leg | $553K | $43K | — | |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 439.46 | +0.073% | $7K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.07 | −0.015% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.66 | +0.119% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.78 | +0.146% | $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 | 438.96 | −0.040% | $494K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.82 | −0.072% | $218K | $689K | 10x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 438.33 | −0.183% | $3K | $219K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 438.71 | −0.097% | $371K | $98K | 10x | as long as short |
| Binance TSMUSDT | +0.0043% | 8h | 438.33 | −0.184% | $12.8M | $8.0M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.92 | −0.050% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0050% | 8h | 439.39 | +0.057% | $45K | $108K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 438.16 | −0.223% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 438.89 | −0.056% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.87 | −0.061% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.94 | −0.045% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 438.44 | −0.159% | $266K | $322K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 439.40 | +0.060% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 439.07 | −0.015% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.97 | +0.190% | $209K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.54 | +1.230% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0446% | 4h | 439.90 | +0.173% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0502% | 1h | 439.05 | −0.020% | $4 | $19K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Extended TSM-USD
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
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL