Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.029%
Price spread now: KuCoin against Coinbase International+0.116%7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$375as in the Price arb table
costs, in and out, $10k−$3743.741% of the position
Funding, last 7 days+0.340%+$34 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.116%, 7d avg +0.127%
=The price spread sits at its 7-day average of +0.127%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 439.33 | 0.0056 | pay 0.0007% / 1h | 6m 38s | $366K | $97K | 10x |
| Short | KuCoin TSMUSDTM | 439.84 | 0.0100 | get 0.0100% / 8h | 6m 38s | $267K | $314K | 20x |
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- $9.24
- Price spread: +0.116% → +0.127%
- −$1.06
- Slippage, 4 orders
- −$352.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$365.89
- Costs to cover
- 3.741%
- Break-even
- 284.2 days
Slippage from Coinbase International: live order book, 31 min ago; KuCoin: live order book, 26 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 Coinbase International live order book, 31 min ago | 4.89 bp | 10.7 bp −$11 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 26 min ago | 22.87 bp | 136.2 bp −$136 | 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 | −0.0027% | 8h | 440.06 | +0.166% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.14 | +0.184% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.96 | +0.143% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.11 | +0.178% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.95 | +0.141% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.07 | +0.168% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.11 | +0.178% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.189% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.63 | +0.296% | $1.5M | $522K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.00 | +0.153% | $495K | $190K | 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 | 439.92 | +0.134% | $222K | $725K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.79 | +0.105% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.76 | +0.098% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | +0.116% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.74 | +0.093% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.92 | +0.134% | $157K | $28K | 10x | as long as short |
| Binance TSMUSDT | +0.0056% | 8h | 440.12 | +0.180% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.00 | +0.154% | $3K | $219K | 10x | as long as short |
| Coinbase International TSM-PERP-INTXlong | +0.0056% | 1h | 439.33 | long leg | $366K | $97K | 10x | |
| BloFin TSM-USDT | +0.0068% | 8h | 440.11 | +0.178% | $45K | $107K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0075% | 8h | 440.18 | +0.194% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 439.84 | +0.116% | $267K | $314K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.09 | +0.173% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.00 | +0.152% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 440.07 | +0.168% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.068% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0341% | 1h | 440.07 | +0.168% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0428% | 4h | 440.08 | +0.170% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC