Funding you earn now, next payment 08:00 UTC+0.0894%/8h= +97.8% APRpaid last 24h 0.000%
Price spread now: edgeX against KuCoin+0.078%113s7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$247as 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−$2192.193% of the position
Funding, last 7 days−0.281%−$28 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.078%, 7d avg +0.077%
=Together, before fees−0.337%+ Points / potential airdropedgeX: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: +$27 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.281%, so the current rate has only just turned in your favour. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.281% in total (about -14.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 439.19 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $266K | $310K | 20x |
| Short | edgeX TSMUSDC | 439.53 | 0.0994 | get 0.0497% / 4h | 1h 23m | $47K | $216K | 10x |
KuCoin TSMUSDTM
edgeX TSMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $187.65
- Price spread: +0.078% → +0.077%
- $0.13
- Slippage, 4 orders
- −$198.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$31.55
- Costs to cover
- 2.193%
- Break-even
- 8.2 days
Slippage from KuCoin: live order book, 19 min ago; edgeX: live order book, 18 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, 19 min ago | 14.01 bp | 149.3 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 18 min ago | 5.69 bp | 10.4 bp −$10 | 13.1 bp −$131 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0230% | 8h | 439.66 | +0.107% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.49 | +0.069% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.33 | +0.032% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.62 | +0.098% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.42 | +0.052% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.63 | +0.100% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.68 | +0.112% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | +0.087% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.68 | +0.339% | $1.5M | $517K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.56 | +0.084% | $495K | $137K | 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
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.53 | +0.077% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.32 | +0.030% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | +0.032% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.23 | +0.009% | $10.2M | $1.7M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.32 | +0.030% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.18 | −0.002% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.99 | −0.046% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.58 | +0.089% | $3K | $148K | 10x | as long as short |
| BloFin TSM-USDT | +0.0081% | 8h | 439.69 | +0.114% | $45K | $106K | 20x | as long as short |
| Binance TSMUSDT | +0.0082% | 8h | 439.68 | +0.112% | $12.9M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0090% | 8h | 439.55 | +0.082% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 439.19 | long leg | $266K | $310K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.52 | +0.075% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.60 | +0.093% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.35 | +0.036% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.157% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0456% | 1h | 439.55 | +0.082% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDCshort | +0.0994% | 4h | 439.53 | +0.078% | $47K | $216K | 10x |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
BloFin TSM-USDT
Binance TSMUSDT
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL