Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: KuCoin against Polymarket Perps−0.025%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$231as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as 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)+0.152%+$15 · spread now −0.025%, 7d avg −0.002%
=Funding pays, the price is against you. KuCoin is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of −0.002%). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 440.57 | 0.0050 | pay 0.0006% / 1h | 10m 06s | $192K | $63K | 10x |
| Short | KuCoin TSMUSDTM | 440.46 | 0.0100 | get 0.0100% / 8h | 2h 10m | $267K | $311K | 20x |
Polymarket Perps TSM-USD
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Polymarket Perps. 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: −0.025% → −0.002%
- −$2.26
- Slippage, 4 orders
- −$220.13
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$231.89
- Costs to cover
- 2.401%
- Break-even
- 161.6 days
Slippage from Polymarket Perps: live order book, 37 min ago; KuCoin: 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 Polymarket Perps live order book, 37 min ago | 3.40 bp | 8.3 bp −$8 | 8.5 bp −$85 | 10.5 bp −$1,053 | doesn't fit |
| Sell KuCoin live order book, 47 min ago | 13.84 bp | 86.7 bp −$87 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0224% | 8h | 440.69 | +0.027% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.86 | +0.065% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.70 | +0.030% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.81 | +0.054% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.75 | +0.041% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.87 | +0.068% | $553K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.02 | +0.102% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.90 | +0.075% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.33 | +0.173% | $1.5M | $511K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.93 | +0.082% | $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 | 440.89 | +0.073% | $222K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.52 | −0.011% | — | $1K | 25x | as long as short |
| GRVT TSM_USDT_Perp | +0.0049% | 8h | 440.18 | −0.089% | $13K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.49 | −0.018% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USDlong | +0.0050% | 1h | 440.57 | long leg | $192K | $63K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 440.42 | −0.034% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.73 | +0.036% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0053% | 8h | 440.99 | +0.096% | $12.9M | $7.8M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.84 | +0.060% | $5K | $183K | 10x | as long as short |
| BloFin TSM-USDT | +0.0057% | 8h | 440.95 | +0.086% | $45K | $104K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.281% | $366K | $102K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 440.46 | −0.025% | $267K | $311K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.90 | +0.075% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.68 | +0.025% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.13 | −0.100% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.926% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0454% | 1h | 440.85 | +0.064% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0835% | 4h | 440.48 | −0.021% | $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