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: SunX against KuCoin+0.102%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$470as in the Funding arb table
Net, price: spread back to 7d avg − costs−$446as in the Price arb table
costs, in and out, $10k−$4494.487% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.102%, 7d avg +0.076%
=The price spread pays, funding is against you. SunX is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.076%): +$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 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 439.33 | 0.0100 | pay 0.0100% / 8h | 1h 18m | $266K | $310K | 20x |
| Short | SunX TSM-USDT | 439.78 | 0 | get 0.0000% / 8h | 1h 18m | $2K | $4.1M | 10x |
KuCoin TSMUSDTM
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.102% → +0.076%
- $2.69
- Slippage, 4 orders
- −$428.72
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$467.04
- Costs to cover
- 4.487%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 24 min ago; SunX: live order book, 10 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, 24 min ago | 14.01 bp | 149.3 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 44.93 bp | 127.0 bp −$127 | 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 | −0.0508% | 4h | 439.67 | +0.077% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0219% | 8h | 439.81 | +0.109% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.75 | +0.096% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.67 | +0.077% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.74 | +0.093% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.59 | +0.059% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.69 | +0.082% | $558K | $37K | — | as long as short |
| SunX TSM-USDTshort | 0.0000% | 8h | 439.78 | +0.102% | $2K | $4.1M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 439.60 | +0.061% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.73 | +0.319% | $1.5M | $520K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
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 | 439.79 | +0.105% | $495K | $137K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 439.69 | +0.082% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.23 | −0.023% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | 0.000% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.27 | −0.014% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.39 | +0.014% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.33 | 0.000% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.64 | +0.071% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.61 | +0.064% | $3K | $142K | 10x | as long as short |
| Binance TSMUSDT | +0.0080% | 8h | 439.85 | +0.117% | $12.9M | $7.9M | 20x | as long as short |
| BloFin TSM-USDT | +0.0089% | 8h | 439.71 | +0.086% | $45K | $106K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0094% | 8h | 439.67 | +0.077% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 439.33 | long leg | $266K | $310K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.68 | +0.080% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.79 | +0.104% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.50 | +0.039% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.124% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0319% | 1h | 439.57 | +0.055% | $4 | $25K | 10x | as long as short |
Lighter TSM
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
Binance TSMUSDT
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL