Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.029%
Price spread now: Coinbase International against KuCoin−0.065%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1721.725% of the position
Funding, last 7 days−0.358%−$36 on $10k
+Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.065%, 7d avg −0.134%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.068% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.134%. Mind the row above: over the last 7 days funding on this pair cost −0.358%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 443.57 | 0.0100 | pay 0.0100% / 8h | 5h 51m | $269K | $320K | 20x |
| Short | Coinbase International TSM-PERP-INTX | 443.28 | 0.0152 | get 0.0019% / 1h | 51m 11s | $370K | $107K | 10x |
KuCoin TSMUSDTM
Coinbase International TSM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $10.92
- Price spread: −0.065% → −0.134%
- $6.82
- Slippage, 4 orders
- −$150.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$154.74
- Costs to cover
- 1.725%
- Break-even
- 106.2 days
Slippage from KuCoin: live order book, 45 min ago; Coinbase International: live order book, 12 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, 45 min ago | 14.40 bp | 92.1 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 12 min ago | 3.95 bp | 9.3 bp −$9 | 13.1 bp −$131 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0267% | 4h | 443.83 | +0.058% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.27 | +0.157% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.70 | +0.029% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.79 | +0.050% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.74 | +0.038% | $1.7M | $932K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.94 | +0.083% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.57 | 0.000% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.98 | +0.092% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.76 | +0.043% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.12 | +0.124% | $1.5M | $441K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 443.83 | +0.059% | $222K | $644K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.63 | +0.014% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.85 | +0.063% | $1K | $197K | 10x | as long as short |
| Binance TSMUSDT | +0.0050% | 8h | 443.97 | +0.090% | $13.1M | $6.8M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.65 | +0.018% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.65 | +0.018% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.51 | −0.014% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.41 | −0.036% | $160K | $23K | 10x | as long as short |
| Lighter TSM | +0.0064% | 1h | 444.07 | +0.113% | $501K | $173K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 443.57 | long leg | $269K | $320K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.90 | +0.074% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.86 | +0.066% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTXshort | +0.0152% | 1h | 443.28 | −0.065% | $370K | $107K | 10x | |
| GRVT TSM_USDT_Perp | +0.0202% | 8h | 443.99 | +0.095% | $8K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.77 | +0.045% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.81 | +0.956% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0223% | 1h | 444.00 | +0.097% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Extended TSM-USD
Binance TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Lighter TSM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL