Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.024%
Price spread now: Binance against KuCoin+0.141%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1421.421% of the position
Funding, last 7 days−0.460%−$46 on $10k
+Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.141%, 7d avg +0.086%
=The price spread pays, funding is against you. Binance is 0.055% dearer against KuCoin than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.086%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.460% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 440.52 | 0.0100 | pay 0.0100% / 8h | 3h 02m | $267K | $311K | 20x |
| Short | Binance TSMUSDT | 441.14 | 0.0062 | get 0.0062% / 8h | 3h 02m | $12.9M | $7.6M | 20x |
KuCoin TSMUSDTM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$7.97
- Price spread: +0.141% → +0.086%
- $5.47
- Slippage, 4 orders
- −$120.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.56
- Costs to cover
- 1.421%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 69 min ago; Binance: live order book, 7 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 KuCoin live order book, 69 min ago | 16.99 bp | 74.4 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.11 bp | 7.7 bp −$8 | 19.0 bp −$190 | 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 | −0.0602% | 4h | 440.50 | −0.005% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0222% | 8h | 441.11 | +0.134% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.02 | +0.115% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.96 | +0.100% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.07 | +0.125% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.87 | +0.079% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.47 | −0.011% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.12 | +0.136% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.67 | +0.034% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.25 | +0.166% | $1.5M | $491K | 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 | 440.91 | +0.089% | $496K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.90 | +0.086% | $220K | $677K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.48 | −0.009% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.53 | +0.002% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.67 | +0.034% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.35 | −0.039% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | −0.132% | $156K | $23K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0062% | 8h | 441.14 | +0.141% | $12.9M | $7.6M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 441.03 | +0.115% | $5K | $188K | 10x | as long as short |
| BloFin TSM-USDT | +0.0068% | 8h | 441.15 | +0.143% | $45K | $102K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 440.59 | +0.016% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.111% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 440.52 | long leg | $267K | $311K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.89 | +0.084% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.97 | +0.102% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.64 | +0.027% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.19 | +1.060% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0726% | 1h | 441.01 | +0.111% | $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
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL