Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.012%
Price spread now: tradeXYZ against KuCoin+0.018%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1731.727% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.018%, 7d avg −0.016%
=Together, before fees−0.258%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.034% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 441.97 | 0.0100 | pay 0.0100% / 8h | 4h 59m | $268K | $317K | 20x |
| Short | tradeXYZ xyz:TSM | 442.05 | 0.0125 | get 0.0016% / 1h | 59m 04s | $10.2M | $2.3M | 10x |
KuCoin TSMUSDTM
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $5.17
- Price spread: +0.018% → −0.016%
- $3.37
- Slippage, 4 orders
- −$142.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$164.12
- Costs to cover
- 1.727%
- Break-even
- 229.3 days
Slippage from KuCoin: live order book, 23 min ago; tradeXYZ: live order book, 10 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, 23 min ago | 12.62 bp | 101.0 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.34 bp | 11.7 bp −$12 | 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 | −0.0289% | 4h | 443.12 | +0.260% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.91 | +0.212% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.08 | +0.025% | $2.0M | $383K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.25 | +0.063% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.33 | +0.081% | $1.7M | $913K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.63 | +0.149% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.11 | +0.259% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.46 | +0.111% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.99 | +0.231% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.85 | +0.199% | $1.5M | $446K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | +0.0025% | 8h | 442.97 | +0.226% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.54 | +0.129% | $499K | $173K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.30 | +0.075% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 442.30 | +0.074% | $2K | $189K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.57 | +0.136% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.35 | +0.086% | $134 | $3K | 10x | as long as short |
| Binance TSMUSDT | +0.0050% | 8h | 442.36 | +0.089% | $13.0M | $6.8M | 20x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.48 | +0.115% | $158K | $23K | 10x | as long as short |
| Lighter RH TSM | +0.0088% | 1h | 442.17 | +0.045% | $220K | $642K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 441.97 | long leg | $268K | $317K | 20x | |
| GRVT TSM_USDT_Perp | +0.0100% | 8h | 443.25 | +0.289% | $11K | $1.2M | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.23 | +0.059% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.28 | +0.070% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 443.05 | +0.244% | $369K | $107K | 10x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0125% | 1h | 442.05 | +0.018% | $10.2M | $2.3M | 10x | |
| Phoenix TSM | +0.0217% | 1h | 443.18 | +0.274% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.76 | +1.310% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0927% | 1h | 442.24 | +0.061% | $4 | $24K | 10x | as long as short |
BloFin TSM-USDT
Lighter TSM
Vest TSM-USD-PERP
Extended TSM-USD
Polymarket Perps TSM-USD
SoDEX TSM-USD
Binance TSMUSDT
Ondo Perps TSM-USD.P
Lighter RH TSM
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL