Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%
Price spread now: tradeXYZ against Variational Omni−0.035%7-day average −0.088% · 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)+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.035%, 7d avg −0.088%
=Together, before fees+0.109%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.054% 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 −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 441.78 | 0 | get 0.0000% / 8h | 4h 07m | $547K | $40K | — |
| Short | tradeXYZ xyz:TSM | 441.63 | 0.0050 | get 0.0006% / 1h | 7m 42s | $10.2M | $2.2M | 10x |
Variational Omni TSM
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.035% → −0.088%
- $5.36
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$2.14
- Costs to cover
- 0.180%
- Break-even
- 8.4 days
Slippage unknown: Variational Omni: RFQ quote, 51 min ago; tradeXYZ: live order book, 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 Variational Omni RFQ quote, 51 min ago | 2.35 bp | doesn't fit | 48.7 bp −$487 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.11 bp | 9.9 bp −$10 | 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 | −0.0631% | 4h | 441.78 | 0.000% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0080% | 8h | 441.96 | +0.040% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.23 | +0.101% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.63 | −0.035% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.06 | +0.063% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.83 | +0.011% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 441.78 | long leg | $547K | $40K | — | |
| SunX TSM-USDT | 0.0000% | 8h | 442.09 | +0.069% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.13 | +0.078% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.11 | +0.074% | $1.5M | $473K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.99 | +0.047% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.83 | +0.011% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.61 | −0.039% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 441.63 | −0.035% | $10.2M | $2.2M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.74 | −0.010% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.67 | −0.026% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.78 | −0.001% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0072% | 8h | 442.23 | +0.101% | $45K | $99K | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.98 | +0.044% | $6K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0074% | 8h | 442.05 | +0.060% | $13.0M | $7.3M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.64 | −0.032% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.99 | +0.047% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.03 | +0.056% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0107% | 8h | 441.95 | +0.038% | $10K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.225% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.79 | +0.002% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.337% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0814% | 1h | 442.03 | +0.056% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL