TSM

Alert: funding

Alert: spread

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: OKX against KuCoin+0.082%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2462.463% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.082%, 7d avg +0.038%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.044% dearer against KuCoin than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.038%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSMUSDTM	440.06	0.0100	pay 0.0100% / 8h	2h 03m	$266K	$310K	20x
Short	OKX TSM-USDT-SWAP	440.42	0	get 0.0000% / 8h	2h 03m	$4.0M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$21
Price spread: +0.082% → +0.038%: $4.4
Slippage, 4 orders: −$224.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$262.86
Costs to cover: 2.463%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; OKX: live order book, 4 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, 54 min ago	13.84 bp	137.6 bp −$138	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.68 bp	13.3 bp −$13	27.8 bp −$278	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	−0.0185%	8h	440.58	+0.118%	$1.7M	$1.6M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	440.47	+0.094%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	440.37	+0.070%	$2.0M	$401K	50x	as long as short
OKX TSM-USDT-SWAPshort	0.0000%	8h	440.42	+0.082%	$4.0M	$2.6M	20x
Gate TSM_USDT	0.0000%	8h	440.45	+0.089%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	440.83	+0.176%	$558K	$36K	—	as long as short
SunX TSM-USDT	0.0000%	8h	440.63	+0.130%	$1K	$4.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	440.96	+0.205%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.16	+0.250%	$1.5M	$512K	10x	as long as short
Lighter TSM	+0.0032%	1h	440.38	+0.073%	$496K	$138K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	440.30	+0.055%	$225K	$689K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	440.05	−0.002%	—	$1K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	440.11	+0.011%	$10.2M	$1.8M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	440.19	+0.030%	$192K	$63K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	440.07	+0.002%	$135	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	440.39	+0.075%	$158K	$27K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0051%	8h	440.86	+0.183%	$5K	$1.3M	10x	as long as short
BloFin TSM-USDT	+0.0051%	8h	440.91	+0.193%	$45K	$104K	20x	as long as short
Extended TSM-USD	+0.0056%	1h	440.38	+0.073%	$5K	$183K	10x	as long as short
Binance TSMUSDT	+0.0056%	8h	440.53	+0.106%	$12.9M	$7.8M	20x	as long as short
Coinbase International TSM-PERP-INTX	+0.0072%	1h	439.33	−0.166%	$366K	$102K	10x	as long as short
KuCoin TSMUSDTMlong	+0.0100%	8h	440.06	long leg	$266K	$310K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	440.51	+0.102%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	440.53	+0.106%	$123	—	10x	as long as short
Phoenix TSM	+0.0163%	1h	440.66	+0.136%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	445.31	+1.193%	$6K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0613%	4h	440.82	+0.173%	$47K	$217K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0977%	1h	440.48	+0.095%	$4	$24K	10x	as long as short