Funding you earn now, next payment 04:00 UTC+0.0569%/8h= +62.3% APRpaid last 24h +0.017%
Price spread now: KuCoin against edgeX−0.055%53s7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1741.740% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.055%, 7d avg −0.076%
=Together, before fees+0.385%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and KuCoin is 0.021% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.076%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 443.92 | −0.0469 | get 0.0234% / 4h | 1h 28m | $48K | $217K | 10x |
| Short | KuCoin TSMUSDTM | 443.68 | 0.0100 | get 0.0100% / 8h | 5h 28m | $270K | $320K | 20x |
edgeX TSMUSDC
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. 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
- $119.49
- Price spread: −0.055% → −0.076%
- $2.09
- Slippage, 4 orders
- −$152.99
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$52.41
- Costs to cover
- 1.740%
- Break-even
- 10.1 days
Slippage from edgeX: live order book, 33 min ago; KuCoin: live order book, 68 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 edgeX live order book, 33 min ago | 5.19 bp | 9.9 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 68 min ago | 14.40 bp | 62.1 bp −$62 | 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 TSMUSDClong | −0.0469% | 4h | 443.92 | long leg | $48K | $217K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 444.26 | +0.075% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | −0.005% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.99 | +0.015% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.96 | +0.008% | $1.7M | $957K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.06 | +0.031% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.17 | +0.055% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.18 | +0.058% | $1K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.81 | −0.025% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.31 | +0.087% | $1.5M | $445K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | +0.0019% | 8h | 444.17 | +0.056% | $45K | $98K | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0020% | 1h | 444.05 | +0.029% | $98 | $24K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 444.33 | +0.092% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.01 | +0.020% | $221K | $644K | 10x | as long as short |
| Binance TSMUSDT | +0.0044% | 8h | 444.07 | +0.033% | $13.0M | $6.8M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.78 | −0.032% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.95 | +0.005% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.65 | −0.062% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.80 | −0.028% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.78 | −0.032% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.55 | −0.084% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 443.68 | −0.055% | $270K | $320K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.11 | +0.042% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.13 | +0.046% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0136% | 8h | 444.20 | +0.063% | $9K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.145% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.98 | +0.013% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.029% | $7K | $38K | 12x | as long as short |
BloFin TSM-USDT
Deribit TSM_USDC-PERPETUAL
Lighter TSM
Lighter RH TSM
Binance TSMUSDT
Vest TSM-USD-PERP
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP