Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.78 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against Variational Omni−0.003%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.003%, 7d avg +0.018%
=Together, before fees+0.198%+ Points / potential airdropVariational Omni: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.018%). If the spread goes back, that is −$2 on $10k: about 22 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.006% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 440.03 | 0 | get 0.0000% / 8h | 1h 10m | $558K | $37K | — |
| Short | Binance TSMUSDT | 440.02 | 0.0078 | get 0.0078% / 8h | 1h 10m | $12.9M | $7.9M | 20x |
Variational Omni TSM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $16.33
- Price spread: −0.003% → +0.018%
- −$2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $4.23
- Costs to cover
- 0.100%
- Break-even
- 5.2 days
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; Binance: live order book, 14 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, 33 min ago | 2.90 bp | doesn't fit | 41.1 bp −$411 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.46 bp | 9.4 bp −$9 | 23.3 bp −$233 | 89.7 bp −$8,970 | 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 | −0.0196% | 8h | 440.04 | +0.001% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.91 | −0.027% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.76 | −0.062% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.91 | −0.028% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.84 | −0.044% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 440.03 | long leg | $558K | $37K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 440.11 | +0.017% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.00 | −0.008% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.72 | +0.156% | $1.5M | $521K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.11 | +0.017% | $496K | $151K | 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 | 439.85 | −0.042% | $212K | $706K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.62 | −0.094% | — | $2K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.160% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.43 | −0.137% | $10.2M | $1.7M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.71 | −0.074% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.49 | −0.124% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.79 | −0.055% | $158K | $28K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0078% | 8h | 440.02 | −0.003% | $12.9M | $7.9M | 20x | |
| Extended TSM-USD | +0.0080% | 1h | 439.91 | −0.027% | $3K | $142K | 10x | as long as short |
| BloFin TSM-USDT | +0.0084% | 8h | 440.06 | +0.006% | $45K | $106K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0087% | 8h | 439.93 | −0.023% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.57 | −0.105% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.00 | −0.008% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.05 | +0.003% | $123 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0110% | 4h | 439.93 | −0.024% | $47K | $216K | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.69 | −0.078% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +0.963% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0637% | 1h | 440.00 | −0.008% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
edgeX TSMUSDC
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL