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: Variational Omni against KuCoin+0.221%7-day average +0.074% · 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)−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.221%, 7d avg +0.074%
=Together, before fees−0.323%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.147% dearer against KuCoin than usual: you sell high and buy low (spread +0.221% now, against its 7-day average of +0.074%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 446.09 | 0.0100 | pay 0.0100% / 8h | 6h 56m | $271K | $315K | 20x |
| Short | Variational Omni TSM | 447.08 | 0 | get 0.0000% / 8h | 6h 56m | $554K | $82K | — |
KuCoin TSMUSDTM
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. 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: +0.221% → +0.074%
- $14.68
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$18.32
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 55 min ago; Variational Omni: RFQ quote, 13 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 KuCoin live order book, 55 min ago | 16.89 bp | 108.6 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 13 min ago | 2.70 bp | doesn't fit | 30.5 bp −$305 | 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 | −0.0864% | 4h | 447.03 | +0.211% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 446.19 | +0.022% | $44K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.39 | +0.066% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.22 | +0.030% | $5K | $201K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.28 | +0.043% | $13.1M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.93 | −0.036% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.17 | +0.018% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.02 | −0.016% | $1.7M | $898K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.30 | +0.047% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 447.08 | +0.221% | $554K | $82K | — |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 446.28 | +0.043% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.88 | +0.177% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.34 | +0.056% | $1.5M | $454K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 446.43 | +0.076% | $358K | $98K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0031% | 8h | 446.82 | +0.163% | $5K | $1.1M | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.17 | +0.018% | $223K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.96 | −0.029% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.91 | −0.040% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.07 | −0.004% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.98 | −0.025% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.37 | +0.063% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 446.09 | long leg | $271K | $315K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.17 | +0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.26 | +0.038% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 446.21 | +0.027% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.67 | +1.251% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0535% | 1h | 446.21 | +0.027% | $98 | $32K | 10x | as long as short |
| Lighter TSM | +0.0592% | 1h | 446.81 | +0.161% | $504K | $168K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM