Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.018%
Price spread now: Extended against KuCoin+0.115%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as 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)−0.129%−$13 · spread now +0.115%, 7d avg +0.055%
=Together, before fees−0.303%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.060% dearer against KuCoin than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.055%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.173% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 441.48 | 0.0100 | pay 0.0100% / 8h | 4h 09m | $268K | $309K | 20x |
| Short | Extended TSM-USD | 441.99 | 0.0072 | get 0.0009% / 1h | 9m 47s | $6K | $195K | 10x |
KuCoin TSMUSDTM
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$5.88
- Price spread: +0.115% → +0.055%
- $5.99
- Slippage, 4 orders
- −$125.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$141.92
- Costs to cover
- 1.420%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 47 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, 2 min ago | 16.99 bp | 74.4 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 47 min ago | 0.90 bp | 8.7 bp −$9 | 55.0 bp −$550 | 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 | −0.0522% | 4h | 441.68 | +0.044% | $48K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0081% | 8h | 441.94 | +0.104% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.14 | +0.149% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.70 | +0.050% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.90 | +0.095% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.87 | +0.088% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.78 | +0.069% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.14 | +0.149% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.13 | +0.147% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.07 | +0.134% | $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 | +0.095% | $498K | $176K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 441.82 | +0.077% | $220K | $643K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.56 | +0.018% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.67 | +0.043% | $10.2M | $2.2M | 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 | +0.027% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.63 | +0.034% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0072% | 8h | 442.11 | +0.143% | $13.0M | $7.3M | 20x | as long as short |
| Extended TSM-USDshort | +0.0072% | 1h | 441.99 | +0.115% | $6K | $195K | 10x | |
| BloFin TSM-USDT | +0.0091% | 8h | 442.00 | +0.118% | $45K | $99K | 20x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 441.48 | long leg | $268K | $309K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.92 | +0.100% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.79 | +0.070% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0118% | 8h | 441.71 | +0.052% | $11K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.156% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.55 | +0.016% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.407% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0747% | 1h | 441.98 | +0.113% | $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
Binance TSMUSDT
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
Deribit TSM_USDC-PERPETUAL