Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: KuCoin against Polymarket Perps+0.014%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2022.018% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.014%, 7d avg −0.004%
=The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 441.84 | 0.0050 | pay 0.0006% / 1h | 43m 22s | $187K | $71K | 10x |
| Short | KuCoin TSMUSDTM | 441.90 | 0.0100 | get 0.0100% / 8h | 5h 43m | $268K | $451K | 20x |
Polymarket Perps TSM-USD
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Polymarket Perps. 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
- $10.5
- Price spread: +0.014% → −0.004%
- $1.79
- Slippage, 4 orders
- −$181.75
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$189.46
- Costs to cover
- 2.018%
- Break-even
- 133.3 days
Slippage from Polymarket Perps: live order book, 2 min ago; KuCoin: live order book, 61 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 Polymarket Perps live order book, 2 min ago | 2.72 bp | 7.6 bp −$8 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 61 min ago | 13.54 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.106% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.25 | +0.094% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.00 | +0.036% | $2.0M | $394K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.14 | +0.068% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.99 | +0.034% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.19 | +0.079% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.17 | +0.075% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.18 | +0.077% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.75 | −0.020% | $1.5M | $562K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.21 | +0.084% | $498K | $143K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 442.17 | +0.075% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.478% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.84 | 0.000% | — | $2K | 25x | as long as short |
| Variational Omni TSM | +0.0049% | 8h | 442.20 | +0.082% | $554K | $44K | — | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.88 | +0.009% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USDlong | +0.0050% | 1h | 441.84 | long leg | $187K | $71K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 441.79 | −0.011% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.40 | −0.100% | $156K | $31K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 441.90 | +0.014% | $268K | $451K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.16 | +0.072% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.82 | −0.005% | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.0120% | 1h | 442.07 | +0.052% | $1K | $217K | 10x | as long as short |
| Binance TSMUSDT | +0.0123% | 8h | 442.22 | +0.086% | $13.0M | $8.5M | 20x | as long as short |
| BloFin TSM-USDT | +0.0130% | 8h | 442.20 | +0.081% | $45K | $117K | 20x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.43 | +0.134% | $210K | $10K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0316% | 1h | 442.09 | +0.057% | $4 | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0411% | 8h | 442.50 | +0.150% | $8K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0723% | 4h | 442.07 | +0.053% | $48K | $217K | 10x | as long as short |
Lighter RH TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
Variational Omni TSM
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
GRVT TSM_USDT_Perp
edgeX TSMUSDC