Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Variational Omni−0.098%7-day average −0.075% · 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)+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.098%, 7d avg −0.075%
=Together, before fees+0.252%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.022% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.075%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 440.31 | 0 | get 0.0000% / 8h | 6h 15m | $551K | $44K | — |
| Short | KuCoin TSMUSDTM | 439.88 | 0.0100 | get 0.0100% / 8h | 6h 15m | $267K | $418K | 20x |
Variational Omni TSM
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.098% → −0.075%
- −$2.23
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $6.77
- Costs to cover
- 0.120%
- Break-even
- 4.7 days
Slippage unknown: Variational Omni: RFQ quote, 36 min ago; KuCoin: live order book, 29 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, 36 min ago | 2.16 bp | doesn't fit | 43.1 bp −$431 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 29 min ago | 13.54 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0247% | 4h | 440.20 | −0.024% | $47K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.42 | −0.202% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.19 | −0.027% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.00 | −0.070% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.42 | +0.025% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.10 | −0.048% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.38 | +0.016% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 440.31 | long leg | $551K | $44K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 440.36 | +0.011% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.23 | −0.018% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 439.85 | −0.105% | $1.5M | $545K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.30 | −0.002% | $496K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0040% | 1h | 440.28 | −0.007% | $195K | $726K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.85 | −0.105% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.06 | −0.057% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.97 | −0.077% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.97 | −0.077% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | −0.068% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0054% | 8h | 440.38 | +0.016% | $13.0M | $8.3M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.26 | −0.011% | $5K | $215K | 10x | as long as short |
| BloFin TSM-USDT | +0.0062% | 8h | 440.25 | −0.014% | $45K | $113K | 20x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 439.88 | −0.098% | $267K | $418K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.23 | −0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.24 | −0.016% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.18 | −0.030% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.827% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0241% | 8h | 440.22 | −0.021% | $9K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0750% | 1h | 440.23 | −0.018% | $4 | $11K | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL