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
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TSM_USDC_mythos | 441.52 | 0.0100 | pay 0.0100% / 8h | 4h 40m | $21 | — | 10x |
| Short | Variational Omni TSM | 441.51 | 0 | get 0.0000% / 8h | 4h 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 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: −0.002% → 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 19 min ago | 2.35 bp | doesn't fit | 19.4 bp −$194 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 441.97 | +0.102% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.28 | −0.054% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.60 | +0.018% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.37 | −0.034% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.58 | +0.014% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 441.51 | −0.002% | $547K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 441.62 | +0.023% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.41 | −0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.93 | +0.093% | $1.5M | $461K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 441.78 | +0.059% | $497K | $175K | 10x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 441.48 | −0.009% | $220K | $642K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.18 | −0.077% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.18 | −0.077% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.28 | −0.054% | $194K | $52K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.20 | −0.072% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.37 | −0.260% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0051% | 8h | 441.60 | +0.018% | $45K | $99K | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.52 | −0.001% | $3K | $188K | 10x | as long as short |
| Binance TSMUSDT | +0.0064% | 8h | 441.37 | −0.033% | $13.0M | $7.1M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.20 | −0.072% | $268K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 441.52 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 441.53 | +0.002% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.165% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0123% | 8h | 441.98 | +0.105% | $16K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.34 | −0.041% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.397% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0227% | 4h | 441.29 | −0.053% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0430% | 1h | 441.51 | −0.002% | $4 | $24K | 10x | as long as short |
Variational Omni TSM
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL