Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.021%
Price spread now: Extended against KuCoin+0.068%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2162.160% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.068%, 7d avg +0.055%
=Together, before fees−0.225%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.055%, 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 | 439.37 | 0.0100 | pay 0.0100% / 8h | 37m 31s | $266K | $309K | 20x |
| Short | Extended TSM-USD | 439.67 | 0.0064 | get 0.0008% / 1h | 37m 31s | $4K | $189K | 10x |
KuCoin TSMUSDTM
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$7.56
- Price spread: +0.068% → +0.055%
- $1.26
- Slippage, 4 orders
- −$199.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$222.34
- Costs to cover
- 2.160%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 65 min ago; Extended: live order book, 63 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, 65 min ago | 14.01 bp | 149.3 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 63 min ago | 0.80 bp | 8.8 bp −$9 | 81.4 bp −$814 | 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 | −0.0329% | 4h | 439.74 | +0.084% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0150% | 8h | 439.78 | +0.093% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.24 | +0.426% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.35 | −0.005% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.77 | +0.091% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.58 | +0.048% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.82 | +0.103% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.78 | +0.093% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | +0.046% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.296% | $1.5M | $528K | 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 | 439.75 | +0.086% | $496K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.50 | +0.030% | $221K | $720K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.30 | −0.016% | — | $2K | 25x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 439.77 | +0.091% | $45K | $106K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.22 | −0.034% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.50 | +0.030% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.22 | −0.034% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.55 | +0.041% | $158K | $27K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.009% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 439.76 | +0.089% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USDshort | +0.0064% | 1h | 439.67 | +0.068% | $4K | $189K | 10x | |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.71 | +0.077% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 439.37 | long leg | $266K | $309K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.66 | +0.066% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.70 | +0.075% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.52 | +0.034% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.058% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0638% | 1h | 439.67 | +0.068% | $4 | $25K | 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
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
Deribit TSM_USDC-PERPETUAL