Settings8H · net · $10k
Funding arb · Price arb /

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Variational Omni against Orderly−0.002%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_TSM_USDC_mythos441.520.0100pay 0.0100% / 8h4h 40m$2110x
ShortVariational Omni TSM441.510get 0.0000% / 8h4h 40m$547K$40K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$21
Price spread: −0.002% → 0.000%
−$0.15
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$27.15
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 19 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Variational Omni RFQ quote, 19 min ago2.35 bpdoesn't fit19.4 bp −$194doesn't fitdoesn't fit
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 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TSMUSDT0.0000%8h441.97+0.102%$82K$2K20xas long as short
Bybit TSMUSDT0.0000%8h441.28−0.054%$2.0M$395K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h441.60+0.018%$4.0M$2.5M20xas long as short
Gate TSM_USDT0.0000%8h441.37−0.034%$1.7M$1.0M100xas long as short
Bitget TSMUSDT0.0000%8h441.58+0.014%$1.7M$1.4M20xas long as short
Variational Omni TSMshort0.0000%8h441.51−0.002%$547K$40K
SunX TSM-USDT0.0000%8h441.62+0.023%$1K$4.3M10xas long as short
HTX TSM-USDT0.0000%8h441.41−0.025%$9K$8K20xas long as short
Phemex TSMUSDT0.0000%8h441.93+0.093%$1.5M$461K10xas long as short
Lighter TSM+0.0032%1h441.78+0.059%$497K$175K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH TSM+0.0032%1h441.48−0.009%$220K$642K10xas long as short
Vest TSM-USD-PERP+0.0046%1h441.18−0.077%$58325xas long as short
tradeXYZ xyz:TSM+0.0050%1h441.18−0.077%$10.2M$2.2M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h441.28−0.054%$194K$52K10xas long as short
SoDEX TSM-USD+0.0050%1h441.20−0.072%$137$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h440.37−0.260%$158K$23K10xas long as short
BloFin TSM-USDT+0.0051%8h441.60+0.018%$45K$99K20xas long as short
Extended TSM-USD+0.0064%1h441.52−0.001%$3K$188K10xas long as short
Binance TSMUSDT+0.0064%8h441.37−0.033%$13.0M$7.1M20xas long as short
KuCoin TSMUSDTM+0.0100%8h441.20−0.072%$268K$317K20xas long as short
Orderly PERP_TSM_USDC_mythoslong+0.0100%8h441.52long leg$2110x
Aevo TSM-PERP+0.0104%1h441.53+0.002%$12410xas long as short
Coinbase International TSM-PERP-INTX+0.0120%1h440.79−0.165%$368K$102K10xas long as short
GRVT TSM_USDT_Perp+0.0123%8h441.98+0.105%$16K$1.2M10xas long as short
Phoenix TSM+0.0199%1h441.34−0.041%$215K$5K10xas long as short
Injective TSM/USDC PERP+0.0220%1h447.69+1.397%$7K$38K12xas long as short
edgeX TSMUSDC+0.0227%4h441.29−0.053%$47K$215K10xas long as short
Deribit TSM_USDC-PERPETUAL+0.0430%1h441.51−0.002%$4$24K10xas long as short