Funding you earn now, next payment 08:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.070%
Price spread now: Deribit against KuCoin+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.036% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 439.22 | 0.0100 | pay 0.0100% / 8h | 51m 52s | $266K | $309K | 20x |
| Short | Deribit TSM_USDC-PERPETUAL | 439.38 | 0.0456 | get 0.0057% / 1h | 51m 52s | $4 | $25K | 10x |
KuCoin TSMUSDTM
Deribit TSM_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $74.77
- Price spread: +0.036% → 0.000%
- $3.64
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $59.41
- Costs to cover
- 0.190%
- Break-even
- 1.4 days
Slippage unknown: KuCoin: live order book, 50 min ago; Deribit: no order-book sample. 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 KuCoin live order book, 50 min ago | 14.01 bp | 149.3 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0164% | 8h | 439.79 | +0.130% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.39 | +0.039% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.26 | +0.009% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.49 | +0.061% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.32 | +0.023% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.53 | +0.070% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.54 | +0.073% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.43 | +0.048% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.50 | +0.291% | $1.5M | $525K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0008% | 1h | 439.00 | −0.050% | $10.1M | $1.8M | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
tradeXYZ xyz:TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 439.48 | +0.059% | $495K | $185K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.22 | 0.000% | $221K | $720K | 10x | as long as short |
| BloFin TSM-USDT | +0.0040% | 8h | 439.56 | +0.077% | $45K | $106K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.27 | +0.011% | — | $2K | 25x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.42 | +0.046% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.18 | −0.009% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.26 | +0.009% | $158K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 439.41 | +0.043% | $3K | $146K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | +0.025% | $366K | $99K | 10x | as long as short |
| Binance TSMUSDT | +0.0057% | 8h | 439.47 | +0.057% | $12.8M | $8.0M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0065% | 8h | 439.68 | +0.105% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 439.22 | long leg | $266K | $309K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.39 | +0.039% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.54 | +0.072% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.40 | +0.041% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.18 | +1.129% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.0456% | 1h | 439.38 | +0.036% | $4 | $25K | 10x | |
| edgeX TSMUSDC | +0.0626% | 4h | 439.50 | +0.064% | $47K | $216K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC