Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.018%
Price spread now: KuCoin against Extended−0.103%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1421.420% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.103%, 7d avg −0.055%
=Together, before fees+0.291%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.049% cheaper against Extended than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.055%). If the spread goes back, that is −$5 on $10k: about 5.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.173% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 442.03 | 0.0072 | pay 0.0009% / 1h | 8m 32s | $6K | $195K | 10x |
| Short | KuCoin TSMUSDTM | 441.57 | 0.0100 | get 0.0100% / 8h | 4h 08m | $267K | $309K | 20x |
Extended TSM-USD
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- $5.88
- Price spread: −0.103% → −0.055%
- −$4.85
- Slippage, 4 orders
- −$125.03
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$141
- Costs to cover
- 1.420%
- Break-even
- 174.9 days
Slippage from Extended: live order book, 48 min ago; KuCoin: live order book, 3 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 Extended live order book, 48 min ago | 0.90 bp | 8.9 bp −$9 | 96.6 bp −$966 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 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 | −0.055% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0080% | 8h | 441.95 | −0.017% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.13 | +0.023% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.66 | −0.083% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.11 | +0.019% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.89 | −0.031% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.78 | −0.055% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.26 | +0.053% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.13 | +0.023% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.13 | +0.023% | $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 | 442.00 | −0.006% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.86 | −0.038% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.61 | −0.094% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.63 | −0.090% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.74 | −0.065% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.68 | −0.078% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.78 | −0.056% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0072% | 8h | 442.23 | +0.046% | $45K | $99K | 20x | as long as short |
| Extended TSM-USDlong | +0.0072% | 1h | 442.03 | long leg | $6K | $195K | 10x | |
| Binance TSMUSDT | +0.0073% | 8h | 442.15 | +0.029% | $13.0M | $7.3M | 20x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 441.57 | −0.103% | $267K | $309K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.92 | −0.024% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.03 | 0.000% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0107% | 8h | 441.95 | −0.017% | $10K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.280% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.79 | −0.054% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.281% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0860% | 1h | 442.03 | +0.001% | $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
Binance TSMUSDT
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL