Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Variational Omni against SoDEX+0.131%7-day average — · you sell dearer than you buy
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 pays, funding is against you. Variational Omni is 0.131% dearer against SoDEX than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 440.53 | 0.0050 | pay 0.0006% / 1h | 43m 38s | $140 | $3K | 10x |
| Short | Variational Omni TSM | 441.11 | 0 | get 0.0000% / 8h | 3h 43m | $546K | $40K | — |
SoDEX TSM-USD
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against SoDEX. 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
- −$10.5
- Price spread: +0.131% → 0.000%
- $13.12
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.38
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 10 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 10 min ago | 1.97 bp | doesn't fit | 30.1 bp −$301 | doesn't fit | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0134% | 8h | 440.94 | +0.093% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.33 | +0.181% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.70 | +0.039% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.88 | +0.079% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.70 | +0.039% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 441.11 | +0.131% | $546K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 441.01 | +0.109% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.00 | +0.107% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.04 | +0.116% | $1.5M | $477K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.84 | +0.070% | $496K | $176K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 440.61 | +0.018% | $219K | $665K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.37 | −0.036% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.40 | −0.030% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.68 | +0.034% | $193K | $56K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 440.53 | long leg | $140 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.56 | +0.007% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 440.91 | +0.085% | $12.9M | $7.3M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.79 | +0.058% | $2K | $200K | 10x | as long as short |
| BloFin TSM-USDT | +0.0066% | 8h | 440.94 | +0.093% | $45K | $99K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0083% | 8h | 441.04 | +0.116% | $13K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | +0.059% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.68 | +0.034% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.93 | +0.091% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.94 | +0.094% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.78 | +0.057% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.91 | +1.221% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0431% | 1h | 440.85 | +0.073% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0656% | 4h | 441.11 | +0.132% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC