Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.024%
Price spread now: KuCoin against Binance−0.123%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1941.938% of the position
Funding, last 7 days+0.452%+$45 on $10k
+Price spread, last 2 days (all we have)−0.009%−$1 · spread now −0.123%, 7d avg −0.086%
=Funding pays, the price is against you. KuCoin is 0.037% cheaper against Binance than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.086%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.452% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 446.81 | 0 | get 0.0000% / 8h | 19m 55s | $13.2M | $6.7M | 20x |
| Short | KuCoin TSMUSDTM | 446.26 | 0.0100 | get 0.0100% / 8h | 19m 55s | $270K | $319K | 20x |
Binance TSMUSDT
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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: −0.123% → −0.086%
- −$3.66
- Slippage, 4 orders
- −$171.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$176.48
- Costs to cover
- 1.938%
- Break-even
- 65.8 days
Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 41 min ago.
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 Binance live order book, 5 min ago | 0.22 bp | 8.7 bp −$9 | 14.4 bp −$144 | 72.5 bp −$7,246 | doesn't fit |
| Sell KuCoin live order book, 41 min ago | 10.10 bp | 65.1 bp −$65 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.18 | −0.141% | $357K | $97K | 10x | as long as short |
| BloFin TSM-USDT | −0.0006% | 8h | 446.87 | +0.014% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.62 | −0.041% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.74 | −0.015% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDTlong | 0.0000% | 8h | 446.81 | long leg | $13.2M | $6.7M | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 446.47 | −0.076% | $2.0M | $415K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.77 | −0.009% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.41 | −0.089% | $1.7M | $909K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.76 | −0.011% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.76 | −0.010% | $553K | $84K | — | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.62 | −0.041% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.79 | −0.004% | $1K | $5.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.77 | −0.009% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.87 | +0.014% | $1.5M | $454K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.83 | +0.005% | $229K | $596K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.61 | −0.045% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.48 | −0.074% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.49 | −0.071% | $196K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.44 | −0.083% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.52 | −0.065% | $159K | $22K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0086% | 1h | 446.67 | −0.031% | $4 | $61K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 446.26 | −0.123% | $270K | $319K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.71 | −0.022% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.78 | −0.006% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.54 | −0.060% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +0.875% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0272% | 1h | 447.24 | +0.096% | $505K | $166K | 10x | as long as short |
| edgeX TSMUSDC | +0.0718% | 4h | 446.69 | −0.026% | $48K | $215K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Deribit TSM_USDC-PERPETUAL
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
edgeX TSMUSDC