TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Gate−0.052%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2152.152% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.052%, 7d avg −0.021%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.030% cheaper against Gate than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.021%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	445.20	0	get 0.0000% / 8h	6h 44m	$1.7M	$909K	100x
Short	KuCoin TSMUSDTM	444.97	0.0100	get 0.0100% / 8h	6h 44m	$269K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: $21
Price spread: −0.052% → −0.021%: −$3.03
Slippage, 4 orders: −$188.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$197.2
Costs to cover: 2.152%
Break-even: 72.7 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 66 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 Gate live order book, 3 min ago	4.04 bp	15.6 bp −$16	109.0 bp −$1,090	148.9 bp −$14.9K	doesn't fit
Sell KuCoin live order book, 66 min ago	16.89 bp	53.4 bp −$53	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
Aster TSMUSDT	0.0000%	8h	445.29	+0.021%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	445.29	+0.021%	$5K	$198K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	445.42	+0.049%	$13.1M	$6.9M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	445.09	−0.025%	$2.0M	$399K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	445.19	−0.002%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDTlong	0.0000%	8h	445.20	long leg	$1.7M	$909K	100x
Bitget TSMUSDT	0.0000%	8h	445.37	+0.038%	$1.6M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	445.42	+0.049%	$551K	$82K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	445.60	+0.089%	$5K	$1.1M	10x	as long as short
SunX TSM-USDT	0.0000%	8h	445.38	+0.040%	$1K	$4.7M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TSM-USDT	0.0000%	8h	445.05	−0.034%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	445.54	+0.076%	$1.5M	$451K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0016%	1h	445.16	−0.009%	$367K	$104K	10x	as long as short
BloFin TSM-USDT	+0.0017%	8h	445.69	+0.110%	$45K	$99K	20x	as long as short
Lighter RH TSM	+0.0032%	1h	445.31	+0.025%	$222K	$630K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	444.87	−0.074%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	444.92	−0.063%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	445.19	−0.002%	$199K	$44K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	444.90	−0.067%	$142	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	444.70	−0.112%	$159K	$24K	10x	as long as short
edgeX TSMUSDC	+0.0058%	4h	445.28	+0.018%	$48K	$217K	10x	as long as short
KuCoin TSMUSDTMshort	+0.0100%	8h	444.97	−0.052%	$269K	$316K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	445.31	+0.025%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	445.33	+0.029%	$125	—	10x	as long as short
Phoenix TSM	+0.0179%	1h	445.31	+0.025%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.67	+1.229%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0432%	1h	445.88	+0.153%	$503K	$170K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0694%	1h	445.28	+0.018%	$4	$28K	10x	as long as short