Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%
Price spread now: Ondo Perps against KuCoin−0.025%7-day average +0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.025%, 7d avg +0.007%
=Together, before fees−0.084%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.031% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 447.03 | 0.0100 | pay 0.0100% / 8h | 6h 59m | $271K | $315K | 20x |
| Short | Ondo Perps TSM-USD.P | 446.92 | 0.0050 | get 0.0006% / 1h | 59m 33s | $158K | $22K | 10x |
KuCoin TSMUSDTM
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$10.42
- Price spread: −0.025% → +0.007%
- −$3.12
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$30.53
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 51 min ago; Ondo Perps: no order-book sample. 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 KuCoin live order book, 51 min ago | 16.89 bp | 108.6 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 447.30 | +0.060% | $359K | $100K | 10x | as long as short |
| BloFin TSM-USDT | −0.0012% | 8h | 447.20 | +0.038% | $45K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.22 | +0.042% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.00 | −0.007% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.06 | +0.008% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.85 | −0.040% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.07 | +0.009% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.98 | −0.011% | $1.7M | $896K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 447.37 | +0.076% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | +0.010% | $554K | $82K | — | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.10 | +0.016% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.97 | −0.013% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.15 | +0.027% | $1.5M | $456K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.09 | +0.013% | $223K | $630K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0042% | 8h | 447.23 | +0.045% | $13K | $1.1M | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.96 | −0.016% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.85 | −0.040% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.00 | −0.007% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.86 | −0.038% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 446.92 | −0.025% | $158K | $22K | 10x | |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 447.03 | long leg | $271K | $315K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.03 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.07 | +0.008% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 446.91 | −0.027% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.09 | +1.132% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0328% | 1h | 447.91 | +0.197% | $505K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0377% | 1h | 447.01 | −0.004% | $98 | $32K | 10x | as long as short |
| edgeX TSMUSDC | +0.0572% | 4h | 447.21 | +0.039% | $48K | $216K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
GRVT TSM_USDT_Perp
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC