TSM

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: Orderly against Variational Omni−0.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Orderly is 0.040% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TSM	441.11	0	get 0.0000% / 8h	3h 44m	$546K	$40K	—
Short	Orderly PERP_TSM_USDC_mythos	440.93	0.0100	get 0.0100% / 8h	3h 44m	$21	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee OrderlybpOrdersPrice spread, now −0.040%Rate

Funding earned: $21
Price spread: −0.040% → 0.000%: −$4.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $10.97
Costs to cover: 0.060%
Break-even: 3.3 days

Slippage unknown: Variational Omni: RFQ quote, 9 min ago; Orderly: 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, 9 min ago	1.97 bp	doesn't fit	32.8 bp −$328	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Bitget TSMUSDT	−0.0126%	8h	441.00	−0.024%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.44	+0.076%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.81	−0.068%	$2.0M	$398K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.01	−0.022%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	440.80	−0.070%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSMlong	0.0000%	8h	441.11	long leg	$546K	$40K	—
SunX TSM-USDT	0.0000%	8h	440.96	−0.034%	$2K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.09	−0.004%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.04	−0.015%	$1.5M	$477K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.05	−0.013%	$497K	$176K	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	440.83	−0.063%	$231K	$654K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.45	−0.149%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.52	−0.133%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.69	−0.095%	$193K	$56K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.59	−0.117%	$140	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.56	−0.124%	$158K	$22K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	440.85	−0.059%	$2K	$200K	10x	as long as short
Binance TSMUSDT	+0.0064%	8h	440.97	−0.031%	$12.9M	$7.4M	20x	as long as short
BloFin TSM-USDT	+0.0066%	8h	440.94	−0.038%	$45K	$99K	20x	as long as short
GRVT TSM_USDT_Perp	+0.0085%	8h	440.88	−0.053%	$13K	$1.2M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0088%	1h	440.79	−0.072%	$368K	$102K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	440.72	−0.088%	$268K	$310K	20x	as long as short
Orderly PERP_TSM_USDC_mythosshort	+0.0100%	8h	440.93	−0.040%	$21	—	10x
Aevo TSM-PERP	+0.0104%	1h	440.95	−0.037%	$123	—	10x	as long as short
Phoenix TSM	+0.0199%	1h	440.78	−0.074%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.91	+1.089%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0476%	1h	440.89	−0.049%	$4	$24K	10x	as long as short
edgeX TSMUSDC	+0.0656%	4h	441.11	+0.001%	$47K	$217K	10x	as long as short