Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Polymarket Perps against KuCoin+0.030%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2402.401% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.030%, 7d avg +0.002%
=The price spread pays, funding is against you. Polymarket Perps is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of +0.002%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 440.44 | 0.0100 | pay 0.0100% / 8h | 2h 10m | $267K | $311K | 20x |
| Short | Polymarket Perps TSM-USD | 440.57 | 0.0050 | get 0.0006% / 1h | 10m 28s | $192K | $63K | 10x |
KuCoin TSMUSDTM
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- −$10.5
- Price spread: +0.030% → +0.002%
- $2.71
- Slippage, 4 orders
- −$220.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$247.92
- Costs to cover
- 2.401%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 47 min ago; Polymarket Perps: live order book, 36 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, 47 min ago | 13.84 bp | 137.6 bp −$138 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 36 min ago | 3.40 bp | 7.4 bp −$7 | 8.1 bp −$81 | 10.1 bp −$1,014 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0224% | 8h | 440.69 | +0.057% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.83 | +0.088% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.67 | +0.052% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.81 | +0.084% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.68 | +0.054% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.87 | +0.097% | $553K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.93 | +0.111% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.26 | −0.041% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.30 | +0.195% | $1.5M | $511K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.93 | +0.111% | $496K | $138K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 440.87 | +0.098% | $220K | $683K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.52 | +0.018% | — | $1K | 25x | as long as short |
| GRVT TSM_USDT_Perp | +0.0049% | 8h | 440.18 | −0.059% | $13K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.44 | 0.000% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 440.57 | +0.030% | $192K | $63K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 440.31 | −0.030% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.73 | +0.066% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0053% | 8h | 440.98 | +0.123% | $12.9M | $7.8M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.88 | +0.099% | $5K | $183K | 10x | as long as short |
| BloFin TSM-USDT | +0.0057% | 8h | 440.95 | +0.116% | $45K | $104K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.252% | $366K | $102K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 440.44 | long leg | $267K | $311K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.90 | +0.104% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.86 | +0.096% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.13 | −0.070% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.956% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0544% | 1h | 440.89 | +0.102% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0835% | 4h | 440.48 | +0.009% | $47K | $215K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
GRVT TSM_USDT_Perp
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC