Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.027%
Price spread now: KuCoin against Coinbase International+0.193%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1451.446% of the position
Funding, last 7 days+0.354%+$35 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.193%, 7d avg +0.128%
=The price spread pays, funding is against you. KuCoin is 0.065% dearer against Coinbase International than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of +0.128%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.354%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 440.79 | 0.0120 | pay 0.0015% / 1h | 7m 35s | $368K | $102K | 10x |
| Short | KuCoin TSMUSDTM | 441.64 | 0.0100 | get 0.0100% / 8h | 4h 07m | $268K | $309K | 20x |
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- −$4.2
- Price spread: +0.193% → +0.128%
- $6.53
- Slippage, 4 orders
- −$122.62
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$142.29
- Costs to cover
- 1.446%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 50 min ago; KuCoin: 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 Coinbase International live order book, 50 min ago | 4.64 bp | 9.6 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 16.99 bp | 50.1 bp −$50 | 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 | −0.0631% | 4h | 441.78 | +0.225% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0078% | 8h | 441.96 | +0.265% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.16 | +0.310% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.64 | +0.193% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.06 | +0.288% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.81 | +0.231% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.78 | +0.225% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.09 | +0.295% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.13 | +0.304% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.11 | +0.299% | $1.5M | $473K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
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 | 441.99 | +0.272% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.83 | +0.236% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.60 | +0.184% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.63 | +0.191% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.81 | +0.231% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.67 | +0.200% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.78 | +0.225% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0072% | 8h | 442.23 | +0.327% | $45K | $99K | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 441.91 | +0.254% | $6K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0074% | 8h | 442.05 | +0.285% | $13.0M | $7.3M | 20x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 441.64 | +0.193% | $268K | $309K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.99 | +0.272% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.03 | +0.282% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0107% | 8h | 441.95 | +0.264% | $10K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0120% | 1h | 440.79 | long leg | $368K | $102K | 10x | |
| Phoenix TSM | +0.0199% | 1h | 441.79 | +0.227% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.565% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0814% | 1h | 442.03 | +0.281% | $4 | $24K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Extended TSM-USD
Binance TSMUSDT
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL