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 HTX−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

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 0.027% cheaper against HTX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 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	HTX TSM-USDT	441.47	0	get 0.0000% / 8h	4h 16m	$9K	$8K	20x
Short	KuCoin TSMUSDTM	441.35	0.0100	get 0.0100% / 8h	4h 16m	$268K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $21
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$5.72
Costs to cover: 0.240%
Break-even: 8.9 days

Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 65 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 HTX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 65 min ago	12.62 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit

HTX: 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	−0.0963%	4h	441.88	+0.093%	$48K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0079%	8h	441.92	+0.102%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.85	+0.087%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.60	+0.029%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.64	+0.039%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.63	+0.036%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.83	+0.082%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.66	+0.043%	$2K	$4.3M	10x	as long as short
Deribit TSM_USDC-PERPETUAL	0.0000%	1h	441.45	−0.005%	$97	$24K	10x	as long as short
HTX TSM-USDTlong	0.0000%	8h	441.47	long leg	$9K	$8K	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSMUSDT	0.0000%	8h	441.77	+0.068%	$1.5M	$471K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.87	+0.091%	$497K	$176K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	441.53	+0.014%	$220K	$643K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.44	−0.007%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.52	+0.011%	$10.2M	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.33	−0.032%	$194K	$53K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.32	−0.034%	$139	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.52	+0.011%	$158K	$23K	10x	as long as short
BloFin TSM-USDT	+0.0077%	8h	441.70	+0.052%	$45K	$99K	20x	as long as short
Binance TSMUSDT	+0.0078%	8h	441.70	+0.052%	$13.0M	$7.3M	20x	as long as short
Extended TSM-USD	+0.0080%	1h	441.54	+0.016%	$1K	$190K	10x	as long as short
KuCoin TSMUSDTMshort	+0.0100%	8h	441.35	−0.027%	$268K	$310K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.57	+0.023%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.61	+0.031%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.154%	$368K	$102K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0135%	8h	441.74	+0.062%	$11K	$1.2M	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.66	+0.043%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.409%	$7K	$38K	12x	as long as short