Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: GRVT against KuCoin+0.045%83s7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as 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−$1861.860% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.045%, 7d avg +0.079%
=Together, before fees−0.226%+ Points / potential airdropGRVT: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.034% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.079%). Swap the legs. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 447.59 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $272K | $312K | 20x |
| Short | GRVT TSM_USDT_Perp | 447.79 | 0 | get 0.0000% / 8h | 7h 26m | $13K | $1.1M | 10x |
KuCoin TSMUSDTM
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.045% → +0.079%
- −$3.42
- Slippage, 4 orders
- −$165.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$210.43
- Costs to cover
- 1.860%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 min ago; GRVT: live order book, 2 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, 25 min ago | 16.89 bp | 108.6 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.45 bp | 14.1 bp −$14 | doesn't fit | 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 | −0.0052% | 4h | 448.02 | +0.097% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.143% | $358K | $101K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.85 | +0.059% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.90 | +0.070% | $5K | $207K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 448.00 | +0.092% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.90 | +0.069% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.93 | +0.076% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.76 | +0.038% | $1.7M | $921K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.92 | +0.074% | $555K | $84K | — | as long as short |
| GRVT TSM_USDT_Perpshort | 0.0000% | 8h | 447.79 | +0.045% | $13K | $1.1M | 10x |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 448.07 | +0.107% | $2K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.95 | +0.080% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.98 | +0.087% | $1.5M | $455K | 10x | as long as short |
| BloFin TSM-USDT | +0.0015% | 8h | 448.03 | +0.098% | $44K | $102K | 20x | as long as short |
| Bitget TSMUSDT | +0.0025% | 8h | 447.95 | +0.080% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 448.03 | +0.098% | $224K | $647K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.84 | +0.056% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.69 | +0.022% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.78 | +0.042% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.65 | +0.013% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.44 | −0.034% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 447.59 | long leg | $272K | $312K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.97 | +0.085% | $22 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.98 | +0.086% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.84 | +0.056% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.64 | +1.128% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0272% | 1h | 448.52 | +0.208% | $506K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0443% | 1h | 447.94 | +0.078% | $4 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Bitget TSMUSDT
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
Lighter TSM
Deribit TSM_USDC-PERPETUAL