Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%
Price spread now: KuCoin against Ondo Perps−0.036%7-day average −0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.036%, 7d avg −0.005%
=Together, before fees+0.144%+ Points / potential airdropOndo Perps: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.031% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.005%). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 439.74 | 0.0050 | pay 0.0006% / 1h | 16m 29s | $158K | $28K | 10x |
| Short | KuCoin TSMUSDTM | 439.58 | 0.0100 | get 0.0100% / 8h | 1h 16m | $267K | $310K | 20x |
Ondo Perps TSM-USD.P
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Ondo Perps. 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
- $10.42
- Price spread: −0.036% → −0.005%
- −$3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$9.71
- Costs to cover
- 0.170%
- Break-even
- 13.5 days
Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 26 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 26 min ago | 14.01 bp | 49.3 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0211% | 8h | 440.05 | +0.070% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.78 | +0.009% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.64 | −0.023% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.80 | +0.014% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.89 | +0.034% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.69 | −0.012% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.24 | +0.114% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.60 | −0.032% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.68 | +0.214% | $1.5M | $520K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.97 | +0.052% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.80 | +0.014% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.72 | −0.005% | — | $2K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.093% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.38 | −0.082% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.48 | −0.059% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.46 | −0.064% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 439.74 | long leg | $158K | $28K | 10x | |
| BloFin TSM-USDT | +0.0058% | 8h | 440.25 | +0.116% | $45K | $106K | 20x | as long as short |
| Binance TSMUSDT | +0.0078% | 8h | 439.85 | +0.024% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.64 | −0.023% | $3K | $142K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0089% | 8h | 439.68 | −0.015% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 439.58 | −0.036% | $267K | $310K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.16 | +0.096% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.22 | +0.109% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.50 | −0.055% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.030% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0295% | 1h | 440.32 | +0.132% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0421% | 4h | 439.71 | −0.006% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC