Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Variational Omni against Ondo Perps+0.102%7-day average +0.067% · 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)−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.102%, 7d avg +0.067%
=Together, before fees−0.164%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.034% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.067%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 441.09 | 0.0050 | pay 0.0006% / 1h | 35m 08s | $158K | $23K | 10x |
| Short | Variational Omni TSM | 441.54 | 0 | get 0.0000% / 8h | 4h 35m | $547K | $40K | — |
Ondo Perps TSM-USD.P
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. 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: +0.102% → +0.067%
- $3.41
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$12.18
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 24 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 24 min ago | 2.35 bp | doesn't fit | 19.4 bp −$194 | doesn't fit | doesn't fit |
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 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 | −0.0014% | 8h | 441.64 | +0.125% | $1.7M | $1.4M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.76 | +0.151% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.44 | +0.079% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.54 | +0.102% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.33 | +0.054% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 441.54 | +0.102% | $547K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 441.66 | +0.129% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.55 | +0.104% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.97 | +0.200% | $1.5M | $467K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.75 | +0.150% | $497K | $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 | 441.45 | +0.082% | $220K | $643K | 10x | as long as short |
| BloFin TSM-USDT | +0.0039% | 8h | 441.61 | +0.118% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.04 | −0.011% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.14 | +0.011% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.27 | +0.041% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.12 | +0.007% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 441.09 | long leg | $158K | $23K | 10x | |
| Extended TSM-USD | +0.0064% | 1h | 441.56 | +0.107% | $1K | $190K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 441.67 | +0.131% | $13.0M | $7.1M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.22 | +0.029% | $268K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.55 | +0.104% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.52 | +0.096% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.068% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0125% | 8h | 441.37 | +0.064% | $16K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.39 | +0.068% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.496% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0838% | 1h | 441.52 | +0.097% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0895% | 4h | 441.40 | +0.070% | $48K | $216K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC