TSM

Alert

Funding spread now, next payment 15:00 UTC−0.0104%/8h

paid, last 24h−0.031%paid, last 5 days−0.142%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TSM-PERP	441.00	0.0104	pay 0.0013% / 1h	23m 33s	$123	—	10x
Short	Phemex TSMUSDT	441.08	0	get 0.0000% / 8h	1h 23m	$1.5M	$333K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee PhemexbpOrdersRate

Funding earned: −$21.84
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$49.84
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.018%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	2.95 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International TSM-PERP-INTX	−0.0032%	1h	$354K	$79K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$4K	$166K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$13.1M	$5.0M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$305K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$2.2M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.7M	$700K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$555K	$102K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$2K	$4.7M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$6K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex TSMUSDTshort	0.0000%	8h	$1.5M	$333K	10x
BloFin TSM-USDT	+0.0019%	8h	$46K	$80K	20x	as long as short
Lighter TSM	+0.0032%	1h	$498K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$234K	$1.1M	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	$10.4M	$1.9M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	$179K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$145	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$155K	$14K	10x	as long as short
Bitget TSMUSDT	+0.0086%	8h	$1.7M	$942K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$321K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	$21	—	10x	as long as short
Aevo TSM-PERPlong	+0.0104%	1h	$123	—	10x
Phoenix TSM	+0.0182%	1h	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0408%	1h	$4	$59K	10x	as long as short
edgeX TSMUSDC	+0.0592%	4h	$47K	$214K	10x	as long as short