Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: tradeXYZ against KuCoin−0.056%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1731.727% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.056%, 7d avg −0.016%
=Together, before fees−0.183%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 442.49 | 0.0100 | pay 0.0100% / 8h | 4h 59m | $268K | $318K | 20x |
| Short | tradeXYZ xyz:TSM | 442.24 | 0.0060 | get 0.0007% / 1h | 59m 19s | $10.2M | $2.3M | 10x |
KuCoin TSMUSDTM
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$8.46
- Price spread: −0.056% → −0.016%
- −$4.09
- Slippage, 4 orders
- −$142.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$185.21
- Costs to cover
- 1.727%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 22 min ago; tradeXYZ: live order book, 9 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, 22 min ago | 12.62 bp | 101.0 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.34 bp | 11.7 bp −$12 | 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 | −0.0289% | 4h | 443.12 | +0.142% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.09 | +0.136% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.11 | −0.086% | $2.0M | $383K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.26 | −0.052% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.56 | +0.016% | $1.7M | $913K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.77 | +0.063% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.11 | +0.141% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.46 | −0.007% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.99 | +0.113% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.27 | +0.176% | $1.5M | $445K | 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 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | +0.0022% | 8h | 443.20 | +0.160% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 443.04 | +0.124% | $500K | $173K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 442.73 | +0.054% | $221K | $645K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.30 | −0.043% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 442.30 | −0.044% | $2K | $189K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.57 | +0.018% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.35 | −0.032% | $134 | $3K | 10x | as long as short |
| Binance TSMUSDT | +0.0050% | 8h | 442.43 | −0.014% | $13.0M | $6.8M | 20x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.48 | −0.002% | $158K | $23K | 10x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0060% | 1h | 442.24 | −0.056% | $10.2M | $2.3M | 10x | |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 442.49 | long leg | $268K | $318K | 20x | |
| GRVT TSM_USDT_Perp | +0.0100% | 8h | 443.25 | +0.171% | $11K | $1.2M | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.23 | −0.059% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.28 | −0.048% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 443.05 | +0.127% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.18 | +0.156% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.76 | +1.191% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0927% | 1h | 442.24 | −0.056% | $4 | $24K | 10x | as long as short |
BloFin TSM-USDT
Lighter TSM
Lighter RH TSM
Vest TSM-USD-PERP
Extended TSM-USD
Polymarket Perps TSM-USD
SoDEX TSM-USD
Binance TSMUSDT
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL