Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.024%
Price spread now: Binance against KuCoin+0.068%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$418as in the Funding arb table
Net, price: spread back to 7d avg − costs−$374as in the Price arb table
costs, in and out, $10k−$3723.719% of the position
Funding, last 7 days−0.460%−$46 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.068%, 7d avg +0.086%
=The price spread sits at its 7-day average of +0.086%, 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 | KuCoin TSMUSDTM | 439.82 | 0.0100 | pay 0.0100% / 8h | 7m 43s | $267K | $313K | 20x |
| Short | Binance TSMUSDT | 440.12 | 0.0057 | get 0.0057% / 8h | 7m 43s | $12.9M | $7.9M | 20x |
KuCoin TSMUSDTM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- Price spread: +0.068% → +0.086%
- −$1.79
- Slippage, 4 orders
- −$349.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$382.71
- Costs to cover
- 3.719%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 min ago; Binance: 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 KuCoin live order book, 25 min ago | 22.87 bp | 217.0 bp −$217 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.91 bp | 9.7 bp −$10 | 22.7 bp −$227 | 90.9 bp −$9,090 | 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 | −0.0031% | 8h | 440.06 | +0.055% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.06 | +0.055% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.92 | +0.023% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.13 | +0.070% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.96 | +0.032% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.07 | +0.057% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.13 | +0.070% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.077% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.193% | $1.5M | $522K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.00 | +0.041% | $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 | +0.023% | $222K | $725K | 10x | as long as short |
| BloFin TSM-USDT | +0.0035% | 8h | 440.37 | +0.125% | $45K | $107K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.76 | −0.014% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.71 | −0.025% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | +0.005% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.74 | −0.018% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.92 | +0.023% | $157K | $28K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.02 | +0.045% | $3K | $219K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.111% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0057% | 8h | 440.12 | +0.068% | $12.9M | $7.9M | 20x | |
| GRVT TSM_USDT_Perp | +0.0075% | 8h | 440.18 | +0.082% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 439.82 | long leg | $267K | $313K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.10 | +0.064% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.00 | +0.040% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 440.07 | +0.057% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.955% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0364% | 1h | 440.10 | +0.064% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0428% | 4h | 440.08 | +0.059% | $47K | $216K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC