Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against KuCoin+0.027%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1731.730% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.027%, 7d avg +0.037%
=The price spread sits at its 7-day average of +0.037%, 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 | KuCoin TSMUSDTM | 443.91 | 0.0100 | pay 0.0100% / 8h | 5h 24m | $270K | $320K | 20x |
| Short | OKX TSM-USDT-SWAP | 444.03 | 0 | get 0.0000% / 8h | 5h 24m | $4.0M | $2.4M | 20x |
KuCoin TSMUSDTM
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$21
- Price spread: +0.027% → +0.037%
- −$0.97
- Slippage, 4 orders
- −$150.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$194.95
- Costs to cover
- 1.730%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 72 min ago; OKX: 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 KuCoin live order book, 72 min ago | 14.40 bp | 92.1 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.11 bp | 9.5 bp −$10 | 25.3 bp −$253 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.26 | +0.078% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | −0.002% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 444.03 | +0.027% | $4.0M | $2.4M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 443.90 | −0.002% | $1.7M | $958K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.06 | +0.034% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.96 | +0.012% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.03 | +0.027% | $2K | $4.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 443.92 | +0.002% | $98 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.04 | +0.029% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.14 | +0.052% | $1.5M | $444K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 444.35 | +0.099% | $501K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.03 | +0.027% | $221K | $645K | 10x | as long as short |
| Binance TSMUSDT | +0.0037% | 8h | 444.11 | +0.045% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 443.90 | −0.002% | $1K | $191K | 10x | as long as short |
| BloFin TSM-USDT | +0.0040% | 8h | 443.99 | +0.018% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.74 | −0.038% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.65 | −0.059% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.81 | −0.023% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.76 | −0.034% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.38 | −0.119% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 443.91 | long leg | $270K | $320K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.02 | +0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.06 | +0.033% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0111% | 8h | 443.98 | +0.016% | $9K | $1.1M | 10x | as long as short |
| edgeX TSMUSDC | +0.0113% | 4h | 443.96 | +0.012% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.142% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.71 | −0.045% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.032% | $7K | $38K | 12x | as long as short |
Lighter TSM
Lighter RH TSM
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP