Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%
Price spread now: KuCoin against Polymarket Perps−0.020%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1921.916% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.020%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 446.19 | 0.0050 | pay 0.0006% / 1h | 46m 14s | $196K | $90K | 10x |
| Short | KuCoin TSMUSDTM | 446.10 | 0.0100 | get 0.0100% / 8h | 46m 14s | $270K | $323K | 20x |
Polymarket Perps TSM-USD
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Polymarket 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
- $10.5
- Price spread: −0.020% → −0.001%
- −$1.92
- Slippage, 4 orders
- −$171.61
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$183.03
- Costs to cover
- 1.916%
- Break-even
- 129.0 days
Slippage from Polymarket Perps: live order book, 31 min ago; KuCoin: live order book, 15 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 Polymarket Perps live order book, 31 min ago | 2.36 bp | 8.6 bp −$9 | 10.3 bp −$103 | 11.6 bp −$1,163 | doesn't fit |
| Sell KuCoin live order book, 15 min ago | 10.10 bp | 65.1 bp −$65 | 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 | −0.0275% | 4h | 446.41 | +0.049% | $48K | $216K | 10x | as long as short |
| BloFin TSM-USDT | −0.0028% | 8h | 446.45 | +0.058% | $44K | $102K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.07 | −0.027% | $357K | $97K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.32 | +0.029% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.39 | +0.045% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.47 | +0.063% | $13.2M | $6.8M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.09 | −0.022% | $2.0M | $417K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.46 | +0.061% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.03 | −0.036% | $1.7M | $906K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.29 | +0.022% | $1.6M | $1.5M | 20x | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TSM | 0.0000% | 8h | 446.41 | +0.049% | $553K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.29 | +0.021% | $15K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.43 | +0.054% | $2K | $5.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.27 | +0.018% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.01 | −0.264% | $1.5M | $457K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.43 | +0.054% | $231K | $585K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.21 | +0.004% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.01 | −0.040% | $10.3M | $2.5M | 10x | as long as short |
| Polymarket Perps TSM-USDlong | +0.0050% | 1h | 446.19 | long leg | $196K | $90K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 446.02 | −0.038% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.13 | −0.013% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 446.10 | −0.020% | $270K | $323K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.35 | +0.036% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.40 | +0.048% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.17 | −0.004% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +1.015% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0352% | 1h | 446.92 | +0.164% | $504K | $166K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0423% | 1h | 446.34 | +0.034% | $4 | $61K | 10x | as long as short |
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
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