Funding you earn now, next payment 11:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.099%
Price spread now: Deribit against Variational Omni+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.028% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 441.71 | 0.0040 | pay 0.0040% / 8h | 5h 27m | $554K | $44K | — |
| Short | Deribit TSM_USDC-PERPETUAL | 441.83 | 0.0180 | get 0.0023% / 1h | 27m 45s | $97 | $10K | 10x |
Variational Omni TSM
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- $29.37
- Price spread: +0.028% → 0.000%
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $25.17
- Costs to cover
- 0.070%
- Break-even
- 1.0 days
Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Deribit: no order-book sample. 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 Variational Omni RFQ quote, 19 min ago | 2.52 bp | doesn't fit | 42.6 bp −$426 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0201% | 4h | 441.70 | −0.001% | $48K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.076% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.07 | +0.082% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.68 | −0.006% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.92 | +0.048% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.78 | +0.017% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.95 | +0.055% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.93 | +0.051% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.80 | +0.021% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.38 | −0.074% | $1.5M | $566K | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 442.09 | +0.087% | $498K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.93 | +0.051% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.508% | $6K | $38K | 12x | as long as short |
| Variational Omni TSMlong | +0.0040% | 8h | 441.71 | long leg | $554K | $44K | — | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.38 | −0.074% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.55 | −0.035% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.60 | −0.024% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.47 | −0.053% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.27 | −0.099% | $156K | $33K | 10x | as long as short |
| BloFin TSM-USDT | +0.0085% | 8h | 442.03 | +0.073% | $46K | $117K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.62 | −0.020% | $268K | $465K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.75 | +0.010% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.86 | +0.035% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0109% | 8h | 441.92 | +0.048% | $13.0M | $8.6M | 20x | as long as short |
| Extended TSM-USD | +0.0112% | 1h | 441.80 | +0.022% | $5K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0180% | 1h | 441.83 | +0.028% | $97 | $10K | 10x | |
| Phoenix TSM | +0.0253% | 1h | 441.96 | +0.057% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0335% | 8h | 442.20 | +0.112% | $8K | $1.3M | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Binance TSMUSDT
Extended TSM-USD
Phoenix TSM
GRVT TSM_USDT_Perp