Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.003%
Price spread now: Variational Omni against Coinbase International+0.205%7-day average +0.202% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.205%, 7d avg +0.202%
=Together, before fees−0.205%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.202%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 440.79 | 0.0120 | pay 0.0015% / 1h | 14m 02s | $368K | $102K | 10x |
| Short | Variational Omni TSM | 441.69 | 0 | get 0.0000% / 8h | 4h 14m | $547K | $40K | — |
Coinbase International TSM-PERP-INTX
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- −$25.2
- Price spread: +0.205% → +0.202%
- $0.24
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$34.96
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 44 min ago; Variational Omni: RFQ quote, 45 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 Coinbase International live order book, 44 min ago | 4.64 bp | 9.6 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 45 min ago | 2.35 bp | doesn't fit | 19.4 bp −$194 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0084% | 8h | 441.92 | +0.256% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.89 | +0.250% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.58 | +0.179% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.77 | +0.222% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.50 | +0.161% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 441.69 | +0.205% | $547K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 441.84 | +0.238% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.50 | +0.161% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.88 | +0.247% | $1.5M | $473K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.88 | +0.247% | $498K | $176K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 441.69 | +0.204% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.43 | +0.145% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.41 | +0.141% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.41 | +0.141% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.45 | +0.150% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.30 | +0.116% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0054% | 8h | 441.69 | +0.204% | $45K | $99K | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.72 | +0.210% | $1K | $190K | 10x | as long as short |
| Binance TSMUSDT | +0.0072% | 8h | 441.84 | +0.237% | $13.0M | $7.3M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.34 | +0.125% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.59 | +0.181% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.65 | +0.194% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0120% | 1h | 440.79 | long leg | $368K | $102K | 10x | |
| GRVT TSM_USDT_Perp | +0.0125% | 8h | 441.74 | +0.216% | $11K | $1.2M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0180% | 1h | 441.63 | +0.191% | $97 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0194% | 4h | 441.58 | +0.180% | $48K | $217K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.66 | +0.197% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.565% | $7K | $38K | 12x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC
Phoenix TSM
Injective TSM/USDC PERP