Funding you earn now, next payment 16:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.024%
Price spread now: KuCoin against Binance−0.111%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$2042.039% of the position
Funding, last 7 days+0.455%+$45 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.111%, 7d avg −0.087%
=Funding pays, the price is against you. KuCoin is 0.024% cheaper against Binance than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.087%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.455% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 440.63 | 0.0061 | pay 0.0061% / 8h | 6h 09m | $13.0M | $8.3M | 20x |
| Short | KuCoin TSMUSDTM | 440.14 | 0.0100 | get 0.0100% / 8h | 6h 09m | $268K | $421K | 20x |
Binance TSMUSDT
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $8.18
- Price spread: −0.111% → −0.087%
- −$2.45
- Slippage, 4 orders
- −$181.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$198.21
- Costs to cover
- 2.039%
- Break-even
- 176.7 days
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 35 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 Binance live order book, 9 min ago | 0.23 bp | 8.5 bp −$8 | 19.3 bp −$193 | 89.8 bp −$8,984 | doesn't fit |
| Sell KuCoin live order book, 35 min ago | 13.54 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0963% | 4h | 440.47 | −0.036% | $47K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.42 | −0.275% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.54 | −0.020% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.44 | −0.043% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.48 | −0.034% | $4.1M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.39 | −0.054% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.61 | −0.005% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.49 | −0.032% | $552K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.55 | −0.018% | $2K | $3.8M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 440.38 | −0.057% | $4 | $10K | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUALShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 440.56 | −0.016% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.78 | +0.034% | $1.5M | $547K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.49 | −0.032% | $496K | $143K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 440.58 | −0.011% | $195K | $729K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.11 | −0.118% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.19 | −0.100% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.34 | −0.066% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.12 | −0.116% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.09 | −0.123% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0061% | 8h | 440.63 | long leg | $13.0M | $8.3M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 440.43 | −0.044% | $1K | $217K | 10x | as long as short |
| BloFin TSM-USDT | +0.0079% | 8h | 440.55 | −0.018% | $45K | $113K | 20x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 440.14 | −0.111% | $268K | $421K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.51 | −0.027% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.46 | −0.038% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.30 | −0.075% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.753% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0262% | 8h | 440.51 | −0.027% | $8K | $1.3M | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
BloFin TSM-USDT
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp