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 GRVT−0.045%83s7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as 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−$1861.860% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.045%, 7d avg −0.079%
=Together, before fees+0.226%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.034% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.079%. The two prices were read 83 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 | GRVT TSM_USDT_Perp | 447.79 | 0 | get 0.0000% / 8h | 7h 26m | $13K | $1.1M | 10x |
| Short | KuCoin TSMUSDTM | 447.59 | 0.0100 | get 0.0100% / 8h | 7h 26m | $272K | $312K | 20x |
GRVT TSM_USDT_Perp
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against GRVT. 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: −0.045% → −0.079%
- $3.42
- Slippage, 4 orders
- −$165.01
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$161.6
- Costs to cover
- 1.860%
- Break-even
- 60.9 days
Slippage from GRVT: live order book, 2 min ago; KuCoin: live order book, 25 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 GRVT live order book, 2 min ago | 0.45 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0052% | 4h | 448.02 | +0.052% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.188% | $358K | $101K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.82 | +0.007% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.90 | +0.025% | $5K | $207K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 448.00 | +0.047% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.89 | +0.022% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.93 | +0.031% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.76 | −0.007% | $1.7M | $920K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.92 | +0.029% | $555K | $84K | — | as long as short |
| GRVT TSM_USDT_Perplong | 0.0000% | 8h | 447.79 | long leg | $13K | $1.1M | 10x |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 448.07 | +0.063% | $2K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.95 | +0.036% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.98 | +0.042% | $1.5M | $455K | 10x | as long as short |
| BloFin TSM-USDT | +0.0015% | 8h | 448.03 | +0.054% | $44K | $102K | 20x | as long as short |
| Bitget TSMUSDT | +0.0025% | 8h | 447.95 | +0.036% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 448.03 | +0.054% | $224K | $647K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.84 | +0.011% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.69 | −0.022% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.78 | −0.002% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.65 | −0.031% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.44 | −0.078% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 447.59 | −0.045% | $272K | $312K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.97 | +0.040% | $22 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.98 | +0.041% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.84 | +0.011% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.083% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0272% | 1h | 448.52 | +0.163% | $506K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0443% | 1h | 447.94 | +0.033% | $4 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Bitget TSMUSDT
Lighter RH TSM
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
Lighter TSM
Deribit TSM_USDC-PERPETUAL