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: KuCoin against Variational Omni−0.029%7-day average −0.074% · 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)+0.100%+$10 on $10k
+Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.029%, 7d avg −0.074%
=Together, before fees+0.131%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.045% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 447.32 | 0 | get 0.0000% / 8h | 7h 47m | $554K | $84K | — |
| Short | KuCoin TSMUSDTM | 447.19 | 0.0100 | get 0.0100% / 8h | 7h 47m | $271K | $312K | 20x |
Variational Omni TSM
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.029% → −0.074%
- $4.52
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $13.52
- Costs to cover
- 0.120%
- Break-even
- 2.5 days
Slippage unknown: Variational Omni: RFQ quote, 26 min ago; KuCoin: live order book, 3 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 Variational Omni RFQ quote, 26 min ago | 2.34 bp | doesn't fit | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 16.89 bp | 53.4 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0169% | 4h | 447.25 | −0.017% | $48K | $216K | 10x | as long as short |
| BloFin TSM-USDT | −0.0027% | 8h | 447.61 | +0.065% | $44K | $103K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.083% | $358K | $103K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.54 | +0.049% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.61 | +0.065% | $4K | $169K | 10x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.33 | +0.002% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.65 | +0.074% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.38 | +0.013% | $1.7M | $895K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 447.53 | +0.047% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 447.32 | long leg | $554K | $84K | — |
edgeX TSMUSDC
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.28 | −0.009% | $9K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.70 | +0.085% | $1K | $5.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.27 | −0.011% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.65 | +0.074% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0001% | 8h | 447.72 | +0.089% | $13.2M | $6.9M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.64 | +0.071% | $232K | $635K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0041% | 1h | 447.52 | +0.045% | $4 | $32K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.51 | +0.042% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.37 | +0.011% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.38 | +0.013% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.38 | +0.013% | $143 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.13 | −0.043% | $159K | $20K | 10x | as long as short |
| Lighter TSM | +0.0088% | 1h | 448.06 | +0.165% | $506K | $166K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 447.19 | −0.029% | $271K | $312K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.61 | +0.065% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.60 | +0.062% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.42 | +0.022% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.76 | +0.992% | $7K | $38K | 12x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDT
Lighter RH TSM
Deribit TSM_USDC-PERPETUAL
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Lighter TSM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP