Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Variational Omni−0.092%7-day average +0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.092%, 7d avg +0.021%
=Together, before fees+0.150%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.113% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 445.64 | 0 | get 0.0000% / 8h | 1h 26m | $552K | $85K | — |
| Short | Phemex TSMUSDT | 445.23 | 0 | get 0.0000% / 8h | 1h 26m | $1.5M | $470K | 10x |
Variational Omni TSM
Phemex TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.092% → +0.021%
- −$11.28
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$23.28
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Phemex: live order book, 1 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, 57 min ago | 2.89 bp | doesn't fit | 37.1 bp −$371 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 0.79 bp | 31.7 bp −$32 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0004% | 8h | 446.03 | +0.088% | $44K | $105K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.70 | +0.015% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.83 | +0.044% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.90 | +0.059% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.66 | +0.005% | $2.0M | $421K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.82 | +0.041% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.60 | −0.009% | $1.7M | $921K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.82 | +0.041% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 445.64 | long leg | $552K | $85K | — | |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.82 | +0.041% | $15K | $1.1M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 445.91 | +0.061% | $1K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.42 | −0.049% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDTshort | 0.0000% | 8h | 445.23 | −0.092% | $1.5M | $470K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.233% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.01 | +0.083% | $225K | $598K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.73 | +0.020% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.64 | 0.000% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.70 | +0.014% | $196K | $91K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.62 | −0.004% | $147 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.78 | +0.032% | $159K | $22K | 10x | as long as short |
| edgeX TSMUSDC | +0.0058% | 4h | 445.72 | +0.019% | $48K | $214K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0064% | 1h | 445.82 | +0.041% | $4 | $61K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.43 | −0.047% | $270K | $336K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.77 | +0.029% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.93 | +0.066% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.51 | −0.029% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +0.958% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0456% | 1h | 446.52 | +0.198% | $504K | $167K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM