Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: Vest against KuCoin+0.071%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Vest is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 439.37 | 0.0100 | pay 0.0100% / 8h | 7h 59m | $267K | $321K | 20x |
| Short | Vest TSM-USD-PERP | 439.68 | 0.0046 | get 0.0006% / 1h | 59m 03s | — | $2K | 25x |
KuCoin TSMUSDTM
Vest TSM-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$11.41
- Price spread: +0.071% → 0.000%
- $7.06
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$18.35
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 33 min ago; Vest: no order-book sample. 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 KuCoin live order book, 33 min ago | 22.87 bp | 217.0 bp −$217 | doesn't fit | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:TSM | −0.0032% | 1h | 438.88 | −0.112% | $10.1M | $1.8M | 10x | as long as short |
| Bitget TSMUSDT | −0.0008% | 8h | 439.15 | −0.050% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.65 | +0.063% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.28 | −0.020% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.41 | +0.009% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.48 | +0.025% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.87 | +0.113% | $553K | $43K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.51 | +0.032% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.91 | +0.123% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.07 | +0.159% | $1.5M | $521K | 10x | as long as short |
tradeXYZ xyz:TSM
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 439.09 | −0.064% | $494K | $188K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 438.96 | −0.093% | $221K | $686K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 439.33 | −0.009% | $366K | $80K | 10x | as long as short |
| Vest TSM-USD-PERPshort | +0.0046% | 1h | 439.68 | +0.071% | — | $2K | 25x | |
| Binance TSMUSDT | +0.0048% | 8h | 439.48 | +0.026% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 439.46 | +0.020% | $3K | $219K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.69 | +0.073% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.36 | −0.002% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.72 | +0.080% | $157K | $28K | 10x | as long as short |
| BloFin TSM-USDT | +0.0060% | 8h | 439.91 | +0.123% | $45K | $108K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0063% | 8h | 439.98 | +0.139% | $7K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 439.37 | long leg | $267K | $321K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.80 | +0.098% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.44 | +0.016% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.97 | +0.137% | $209K | $5K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0182% | 1h | 439.70 | +0.075% | $4 | $25K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.54 | +1.177% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0963% | 4h | 440.02 | +0.148% | $47K | $217K | 10x | as long as short |
Lighter TSM
Lighter RH TSM
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Extended TSM-USD
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
Injective TSM/USDC PERP
edgeX TSMUSDC