Funding you earn now, next payment 09:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h −0.067%
Price spread now: KuCoin against Deribit−0.125%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 0.125% cheaper against Deribit than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 5.5 days of funding at the current rate (+$2 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 438.52 | 0.0024 | pay 0.0003% / 1h | 42m 25s | $4 | $13K | 10x |
| Short | KuCoin TSMUSDTM | 437.97 | 0.0100 | get 0.0100% / 8h | 7h 42m | $266K | $326K | 20x |
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- $16.02
- Price spread: −0.125% → 0.000%
- −$12.54
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$15.52
- Costs to cover
- 0.190%
- Break-even
- 13.8 days
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 50 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 Deribit no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 50 min ago | 22.87 bp | 136.2 bp −$136 | doesn't fit | doesn't fit | doesn't fit |
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 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 | −0.0884% | 4h | 438.44 | −0.019% | $47K | $217K | 10x | as long as short |
| BloFin TSM-USDT | −0.0019% | 8h | 438.52 | 0.000% | $45K | $108K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.45 | −0.016% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.97 | −0.125% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.20 | −0.073% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.12 | −0.091% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 438.05 | −0.107% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.28 | −0.054% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.57 | +0.011% | $13K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.65 | +0.030% | $1K | $4.0M | 10x | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 438.61 | +0.021% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.98 | +0.105% | $1.5M | $531K | 10x | as long as short |
| Extended TSM-USD | +0.0008% | 1h | 438.35 | −0.039% | $3K | $219K | 10x | as long as short |
| Binance TSMUSDT | +0.0009% | 8h | 438.23 | −0.066% | $12.8M | $8.2M | 20x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0024% | 1h | 438.52 | long leg | $4 | $13K | 10x | |
| Lighter TSM | +0.0032% | 1h | 438.51 | −0.002% | $494K | $189K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.43 | −0.021% | $195K | $736K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 438.04 | −0.109% | $372K | $103K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 438.04 | −0.109% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.76 | −0.173% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 438.18 | −0.078% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 438.16 | −0.082% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.03 | −0.112% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 437.97 | −0.125% | $266K | $326K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.13 | −0.089% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.05 | −0.107% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 438.01 | −0.116% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.238% | $6K | $38K | 12x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP