Funding you earn now, next payment 02:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.018%
Price spread now: KuCoin against Extended−0.034%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1711.708% of the position
Funding, last 7 days+0.175%+$17 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.034%, 7d avg −0.055%
=Together, before fees+0.196%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.021% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 444.28 | 0.0008 | pay 0.0001% / 1h | 33m 56s | $5K | $196K | 10x |
| Short | KuCoin TSMUSDTM | 444.13 | 0.0100 | get 0.0100% / 8h | 6h 33m | $270K | $316K | 20x |
Extended TSM-USD
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- $19.32
- Price spread: −0.034% → −0.055%
- $2.06
- Slippage, 4 orders
- −$153.82
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$149.45
- Costs to cover
- 1.708%
- Break-even
- 61.1 days
Slippage from Extended: live order book, 33 min ago; KuCoin: live order book, 2 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 Extended live order book, 33 min ago | 0.45 bp | 8.5 bp −$8 | 80.9 bp −$809 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 14.40 bp | 62.1 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
TSM on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.28 | 0.000% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.01 | −0.061% | $2.0M | $404K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.18 | −0.023% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.97 | −0.070% | $1.7M | $935K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.22 | −0.014% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.77 | +0.110% | $551K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.18 | −0.023% | $1K | $4.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.55 | +0.060% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.54 | +0.058% | $1.5M | $455K | 10x | as long as short |
| Binance TSMUSDT | +0.0007% | 8h | 444.40 | +0.027% | $13.0M | $7.0M | 20x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USDlong | +0.0008% | 1h | 444.28 | long leg | $5K | $196K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.22 | −0.014% | $366K | $101K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.27 | −0.003% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.98 | −0.068% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.88 | −0.091% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.87 | −0.093% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.42 | +0.031% | $160K | $25K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0053% | 1h | 444.14 | −0.032% | $197K | $48K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0066% | 8h | 444.89 | +0.137% | $17K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 444.13 | −0.034% | $270K | $316K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.05 | −0.052% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.07 | −0.047% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.44 | +0.036% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.438% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0416% | 1h | 444.61 | +0.074% | $502K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0629% | 1h | 444.15 | −0.030% | $4 | $23K | 10x | as long as short |
| edgeX TSMUSDC | +0.0704% | 4h | 444.76 | +0.107% | $48K | $216K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC