Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.36 per $10,000 · paid last 24h −0.024%
Price spread now: Binance against KuCoin+0.100%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Funding, last 7 days−0.460%−$46 on $10k
+Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.100%, 7d avg +0.086%
=The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 440.75 | 0.0100 | pay 0.0100% / 8h | 3h 47m | $268K | $310K | 20x |
| Short | Binance TSMUSDT | 441.19 | 0.0064 | get 0.0064% / 8h | 3h 47m | $12.9M | $7.3M | 20x |
KuCoin TSMUSDTM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$7.61
- Price spread: +0.100% → +0.086%
- $1.38
- Slippage, 4 orders
- −$120.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$149.08
- Costs to cover
- 1.429%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 24 min ago; Binance: live order book, 8 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 KuCoin live order book, 24 min ago | 16.99 bp | 74.4 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.68 bp | 9.3 bp −$9 | 19.9 bp −$199 | 87.7 bp −$8,770 | 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 | −0.0786% | 4h | 441.10 | +0.079% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0119% | 8h | 441.18 | +0.098% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.52 | +0.175% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.87 | +0.027% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.06 | +0.070% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.97 | +0.050% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.19 | +0.099% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.19 | +0.100% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.09 | +0.077% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.18 | +0.098% | $1.5M | $476K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.17 | +0.095% | $497K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.05 | +0.068% | $231K | $654K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.67 | −0.018% | — | $583 | 25x | as long as short |
| BloFin TSM-USDT | +0.0048% | 8h | 441.06 | +0.070% | $45K | $99K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.74 | −0.002% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.93 | +0.041% | $193K | $56K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.65 | −0.023% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.57 | −0.041% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0064% | 8h | 441.19 | +0.100% | $12.9M | $7.3M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 441.07 | +0.072% | $2K | $200K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0085% | 8h | 440.88 | +0.029% | $13K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | +0.009% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 440.75 | long leg | $268K | $310K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.10 | +0.079% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.00 | +0.057% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.88 | +0.029% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.91 | +1.171% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0408% | 1h | 441.08 | +0.075% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL