Funding you earn now, next payment 04:00 UTC−0.0647%/8h= −70.8% APRpaid last 24h −0.075%
Price spread now: KuCoin against Deribit−0.118%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.118% cheaper against Deribit than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 441.98 | 0.0747 | pay 0.0093% / 1h | 10m 14s | $4 | $24K | 10x |
| Short | KuCoin TSMUSDTM | 441.46 | 0.0100 | get 0.0100% / 8h | 4h 10m | $268K | $309K | 20x |
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- −$135.77
- Price spread: −0.118% → 0.000%
- −$11.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$166.53
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 2 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 Deribit no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 2 min ago | 16.99 bp | 50.1 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0522% | 4h | 441.68 | −0.069% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0084% | 8h | 441.94 | −0.009% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.14 | +0.037% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.67 | −0.070% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.00 | +0.005% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.89 | −0.020% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.78 | −0.045% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.14 | +0.036% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.13 | +0.034% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.07 | +0.020% | $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 | 441.90 | −0.018% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.82 | −0.036% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.56 | −0.095% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.65 | −0.075% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.73 | −0.057% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.60 | −0.086% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.63 | −0.079% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0070% | 8h | 442.11 | +0.029% | $13.0M | $7.3M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 442.04 | +0.014% | $6K | $195K | 10x | as long as short |
| BloFin TSM-USDT | +0.0091% | 8h | 442.00 | +0.005% | $45K | $99K | 20x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 441.46 | −0.118% | $268K | $309K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.92 | −0.014% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.79 | −0.044% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 441.71 | −0.061% | $11K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.269% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.55 | −0.097% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.292% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0747% | 1h | 441.98 | long leg | $4 | $24K | 10x |
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP