TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against HTX−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.045% cheaper against HTX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TSM-USDT	446.59	0	get 0.0000% / 8h	13m 39s	$9K	$9K	20x
Short	KuCoin TSMUSDTM	446.39	0.0100	get 0.0100% / 8h	13m 39s	$271K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee KuCoinbpOrdersPrice spread, now −0.045%Rate

Funding earned: $21
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.48
Costs to cover: 0.240%
Break-even: 9.5 days

Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 48 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 48 min ago	10.10 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International TSM-PERP-INTX	−0.0024%	1h	446.18	−0.092%	$357K	$97K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	446.62	+0.008%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	446.70	+0.025%	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	446.78	+0.043%	$13.2M	$6.7M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	446.56	−0.007%	$2.0M	$415K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	446.77	+0.040%	$4.0M	$3.0M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	446.40	−0.043%	$1.7M	$910K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	446.73	+0.031%	$1.6M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	446.83	+0.054%	$553K	$84K	—	as long as short
GRVT TSM_USDT_Perp	0.0000%	8h	446.81	+0.049%	$7K	$1.1M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TSM-USDT	0.0000%	8h	446.74	+0.034%	$1K	$5.1M	10x	as long as short
HTX TSM-USDTlong	0.0000%	8h	446.59	long leg	$9K	$9K	20x
Phemex TSMUSDT	0.0000%	8h	446.74	+0.034%	$1.5M	$455K	10x	as long as short
BloFin TSM-USDT	0.0000%	8h	446.78	+0.043%	$44K	$103K	20x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0019%	1h	446.64	+0.011%	$4	$61K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	446.88	+0.065%	$229K	$596K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	446.72	+0.029%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	446.48	−0.025%	$10.3M	$2.4M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	446.48	−0.025%	$196K	$90K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	446.45	−0.031%	$144	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	446.39	−0.045%	$159K	$22K	10x	as long as short
KuCoin TSMUSDTMshort	+0.0100%	8h	446.39	−0.045%	$271K	$317K	20x
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	446.77	+0.040%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	446.82	+0.053%	$125	—	10x	as long as short
Phoenix TSM	+0.0215%	1h	446.78	+0.043%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.72	+0.925%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0264%	1h	447.27	+0.152%	$505K	$166K	10x	as long as short
edgeX TSMUSDC	+0.0458%	4h	446.82	+0.053%	$48K	$216K	10x	as long as short