TSM

Alert

Funding spread now, next payment 16:00 UTC+0.0100%/8h

next payment, per $10,000+$1.00paid, last 24h+0.030%paid, last 3 days+0.130%to open and closeno order book

Long on Variational Omni Short on Orderly

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TSM	441.00	0	get 0.0000% / 8h	1h 29m	$555K	$102K	—
Short	Orderly PERP_TSM_USDC_mythos	440.87	0.0100	get 0.0100% / 8h	1h 29m	$21	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersRate

Funding earned: $21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $15
Break-even: 2.0 days

Slippage unknown: Variational Omni: RFQ quote, 26 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.030%
Avg gap 7d: —

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, 26 min ago	3.08 bp	doesn't fit	32.5 bp −$325	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0032%	1h	$352K	$78K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$4K	$166K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$12.9M	$5.0M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$305K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$2.2M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.8M	$678K	100x	as long as short
Variational Omni TSMlong	0.0000%	8h	$555K	$102K	—
SunX TSM-USDT	0.0000%	8h	$2K	$4.6M	10x	as long as short
Deribit TSM_USDC-PERPETUAL	0.0000%	1h	$4	$59K	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	$6K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$326K	10x	as long as short
BloFin TSM-USDT	+0.0020%	8h	$46K	$79K	20x	as long as short
Lighter TSM	+0.0032%	1h	$498K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$234K	$1.1M	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	$10.4M	$1.9M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	$178K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$145	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$155K	$14K	10x	as long as short
Bitget TSMUSDT	+0.0083%	8h	$1.8M	$939K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$322K	20x	as long as short
Orderly PERP_TSM_USDC_mythosshort	+0.0100%	8h	$21	—	10x
Aevo TSM-PERP	+0.0104%	1h	$123	—	10x	as long as short
Phoenix TSM	+0.0182%	1h	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0457%	4h	$47K	$215K	10x	as long as short