Funding you earn now, next payment 00:00 UTC+0.0100%/8hnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate−0.011%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.011%, 7d avg −0.020%
=The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 445.20 | 0 | get 0.0000% / 8h | 4h 21m | $1.7M | $885K | 100x |
| Short | KuCoin TSMUSDTM | 445.15 | 0.0100 | get 0.0100% / 8h | 4h 21m | $273K | $319K | 20x |
Gate TSM_USDT
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- $21
- Price spread: −0.011% → −0.020%
- $0.91
- Slippage, 4 orders
- −$133.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$138.73
- Costs to cover
- 1.606%
- Break-even
- 53.2 days
Slippage from Gate: live order book, 10 min ago; KuCoin: live order book, 3 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 Gate live order book, 10 min ago | 0.90 bp | 14.6 bp −$15 | 58.9 bp −$589 | 128.4 bp −$12.8K | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.48 bp | 34.7 bp −$35 | 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 | −0.0242% | 4h | 445.51 | +0.070% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0040% | 1h | 444.71 | −0.110% | $358K | $89K | 10x | as long as short |
| BloFin TSM-USDT | −0.0011% | 8h | 445.35 | +0.034% | $45K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.28 | +0.018% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.41 | +0.046% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.58 | +0.085% | $13.1M | $6.5M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.22 | +0.004% | $2.0M | $378K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.39 | +0.043% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 445.20 | long leg | $1.7M | $885K | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 445.48 | +0.062% | $557K | $81K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.49 | +0.065% | $10K | $895K | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.49 | +0.065% | $1K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.19 | −0.002% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.89 | −0.070% | $1.5M | $439K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.62 | +0.094% | $206K | $671K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.27 | +0.016% | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.0048% | 8h | 445.14 | −0.013% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.20 | 0.000% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.22 | +0.004% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.08 | −0.027% | $151 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.96 | −0.054% | $158K | $18K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 445.15 | −0.011% | $273K | $319K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.49 | +0.065% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.48 | +0.064% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.44 | +0.054% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.01 | +1.080% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0224% | 1h | 446.13 | +0.209% | $504K | $154K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0401% | 1h | 445.50 | +0.067% | $4 | $61K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
Bitget TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL