Funding you earn now, next payment 11:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.023%
Price spread now: KuCoin against Extended−0.084%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2062.056% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.084%, 7d avg −0.056%
=Together, before fees+0.242%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.028% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.168%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 442.59 | 0.0112 | pay 0.0014% / 1h | 49m 15s | $1K | $217K | 10x |
| Short | KuCoin TSMUSDTM | 442.22 | 0.0100 | get 0.0100% / 8h | 5h 49m | $269K | $445K | 20x |
Extended TSM-USD
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- −$2.52
- Price spread: −0.084% → −0.056%
- −$2.82
- Slippage, 4 orders
- −$188.56
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$210.89
- Costs to cover
- 2.056%
- Break-even
- never at this rate
Slippage from Extended: live order book, 60 min ago; KuCoin: live order book, 55 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 Extended live order book, 60 min ago | 1.48 bp | 9.4 bp −$9 | 71.2 bp −$712 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 55 min ago | 13.54 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0194% | 4h | 442.59 | 0.000% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 442.19 | −0.091% | $373K | $110K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.37 | −0.050% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.54 | −0.012% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.72 | +0.028% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.48 | −0.026% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.79 | +0.044% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.77 | +0.040% | $2K | $3.8M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 442.69 | +0.022% | $4 | $10K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.75 | +0.035% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 442.90 | +0.069% | $1.5M | $562K | 10x | as long as short |
| Variational Omni TSM | +0.0029% | 8h | 442.71 | +0.027% | $554K | $44K | — | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.88 | +0.065% | $499K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 442.94 | +0.078% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.306% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.63 | +0.008% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.50 | −0.021% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.44 | −0.035% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.54 | −0.012% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.11 | −0.109% | $156K | $31K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 442.22 | −0.084% | $269K | $445K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.61 | +0.004% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.76 | +0.038% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0109% | 8h | 442.74 | +0.033% | $13.0M | $8.5M | 20x | as long as short |
| Extended TSM-USDlong | +0.0112% | 1h | 442.59 | long leg | $1K | $217K | 10x | |
| BloFin TSM-USDT | +0.0135% | 8h | 442.73 | +0.031% | $46K | $116K | 20x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.39 | −0.046% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0347% | 8h | 442.47 | −0.028% | $8K | $1.3M | 10x | as long as short |
Phemex TSMUSDT
Variational Omni TSM
Lighter TSM
Lighter RH TSM
Injective TSM/USDC PERP
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
Binance TSMUSDT
BloFin TSM-USDT
Phoenix TSM
GRVT TSM_USDT_Perp