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: KuCoin against OKX−0.054%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1821.817% of the position

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)+0.021%+$2 · spread now −0.054%, 7d avg −0.037%

Together, before fees+0.231%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TSM-USDT-SWAP	447.20	0	get 0.0000% / 8h	7h 02m	$4.0M	$3.0M	20x
Short	KuCoin TSMUSDTM	446.96	0.0100	get 0.0100% / 8h	7h 02m	$271K	$314K	20x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee KuCoinbpOrdersPrice spread, now −0.054%Rate

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 48 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.34 bp	8.4 bp −$8	21.9 bp −$219	doesn't fit	doesn't fit
Sell KuCoin live order book, 48 min ago	16.89 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit

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
Coinbase International TSM-PERP-INTX	−0.0024%	1h	447.30	+0.022%	$359K	$100K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	447.16	−0.008%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	447.04	−0.036%	$5K	$204K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	447.13	−0.017%	$13.2M	$7.0M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	446.94	−0.058%	$2.0M	$413K	50x	as long as short
OKX TSM-USDT-SWAPlong	0.0000%	8h	447.20	long leg	$4.0M	$3.0M	20x
Gate TSM_USDT	0.0000%	8h	447.03	−0.038%	$1.7M	$930K	100x	as long as short
Variational Omni TSM	0.0000%	8h	447.45	+0.056%	$554K	$82K	—	as long as short
SunX TSM-USDT	0.0000%	8h	447.27	+0.016%	$2K	$4.9M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	447.29	+0.020%	$9K	$9K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSMUSDT	0.0000%	8h	447.25	+0.011%	$1.5M	$456K	10x	as long as short
Bitget TSMUSDT	+0.0008%	8h	447.37	+0.038%	$1.6M	$1.4M	20x	as long as short
BloFin TSM-USDT	+0.0018%	8h	447.29	+0.020%	$45K	$100K	20x	as long as short
Lighter RH TSM	+0.0032%	1h	447.15	−0.011%	$229K	$657K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	447.04	−0.036%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	446.89	−0.069%	$10.3M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	447.04	−0.036%	$198K	$42K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	446.84	−0.081%	$146	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	447.27	+0.016%	$158K	$22K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0065%	8h	447.55	+0.079%	$13K	$1.1M	10x	as long as short
KuCoin TSMUSDTMshort	+0.0100%	8h	446.96	−0.054%	$271K	$314K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	447.11	−0.020%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	447.23	+0.008%	$125	—	10x	as long as short
Phoenix TSM	+0.0179%	1h	447.42	+0.049%	$218K	$5K	10x	as long as short
edgeX TSMUSDC	+0.0217%	4h	447.45	+0.055%	$48K	$216K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	452.09	+1.093%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0312%	1h	447.86	+0.148%	$505K	$167K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0377%	1h	447.13	−0.016%	$98	$32K	10x	as long as short