Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against KuCoin+0.052%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2192.194% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.052%, 7d avg +0.020%
=The price spread pays, funding is against you. Gate is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 445.77 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $270K | $333K | 20x |
| Short | Gate TSM_USDT | 446.00 | 0 | get 0.0000% / 8h | 1h 14m | $1.7M | $923K | 100x |
KuCoin TSMUSDTM
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21
- Price spread: +0.052% → +0.020%
- $3.14
- Slippage, 4 orders
- −$192.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$237.26
- Costs to cover
- 2.194%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 57 min ago; Gate: live order book, 3 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, 57 min ago | 16.30 bp | 125.6 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.59 bp | 14.7 bp −$15 | 32.0 bp −$320 | 46.7 bp −$4,669 | 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 | −0.0777% | 4h | 446.04 | +0.060% | $48K | $216K | 10x | as long as short |
| BloFin TSM-USDT | −0.0022% | 8h | 446.05 | +0.063% | $44K | $105K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.26 | +0.110% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.18 | +0.092% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.27 | +0.112% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.90 | +0.029% | $2.0M | $423K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.10 | +0.074% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 446.00 | +0.052% | $1.7M | $923K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 446.08 | +0.070% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.10 | +0.074% | $552K | $85K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.08 | +0.070% | $5K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.17 | +0.090% | $1K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.07 | +0.067% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.11 | −0.148% | $1.5M | $472K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.262% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.25 | +0.108% | $225K | $602K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.02 | +0.056% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.92 | +0.034% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.81 | +0.009% | $196K | $91K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.86 | +0.020% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.65 | −0.027% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 445.77 | long leg | $270K | $333K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.08 | +0.070% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.10 | +0.074% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.93 | +0.036% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +0.929% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0288% | 1h | 446.10 | +0.074% | $4 | $61K | 10x | as long as short |
| Lighter TSM | +0.0408% | 1h | 446.71 | +0.211% | $504K | $167K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM