TSM

Alert

Funding spread now, next payment 19:00 UTC+0.0050%/8h

paid, last 24h+0.036%paid, last 3 days+0.118%to open and closeno order book

Long on Variational Omni Short on Ondo Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TSM	442.78	0	get 0.0000% / 8h	5h 47m	$559K	$81K	—
Short	Ondo Perps TSM-USD.P	442.42	0.0050	get 0.0006% / 1h	47m 41s	$157K	$17K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Ondo PerpsbpOrdersRate

Funding earned: $10.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $5.58
Break-even: 3.3 days

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.081%
Avg gap 7d: −0.065%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 53 min ago	2.70 bp	doesn't fit	29.5 bp −$295	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International TSM-PERP-INTX	−0.0040%	1h	$357K	$88K	10x	as long as short
BloFin TSM-USDT	−0.0015%	8h	$45K	$94K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$13.1M	$6.2M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$354K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.9M	$2.8M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.7M	$832K	100x	as long as short
Variational Omni TSMlong	0.0000%	8h	$559K	$81K	—
SunX TSM-USDT	0.0000%	8h	$1K	$5.3M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX TSM-USDT	0.0000%	8h	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$413K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$205K	$711K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	$10.2M	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	$187K	$82K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$149	$3K	10x	as long as short
Ondo Perps TSM-USD.Pshort	+0.0050%	1h	$157K	$17K	10x
Bitget TSMUSDT	+0.0097%	8h	$1.6M	$1.4M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$312K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	$124	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0361%	1h	$97	$61K	10x	as long as short
edgeX TSMUSDC	+0.0361%	4h	$48K	$215K	10x	as long as short
Lighter TSM	+0.0616%	1h	$501K	$152K	10x	as long as short