TSM

Alert

Funding spread now, next payment 20:00 UTC+0.0819%/8h

paid, last 24h+0.024%paid, last 3 days−0.078%to open and close $10k−$38

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.078% in total (about -10.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TSMUSDT	441.68	0.0008	pay 0.0008% / 8h	7h 37m	$13.0M	$5.8M	20x
Short	edgeX TSMUSDC	441.65	0.0827	get 0.0414% / 4h	3h 37m	$48K	$215K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee edgeXbpOrdersRate

Funding earned: $172.04
Slippage, 4 orders: −$18.95
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $134.09
Break-even: 1.5 days

Slippage from Binance: live order book, 5 min ago; edgeX: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.006%
Avg gap 7d: −0.002%

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 Binance live order book, 5 min ago	0.57 bp	8.5 bp −$8	20.7 bp −$207	81.7 bp −$8,167	doesn't fit
Sell edgeX live order book, 6 min ago	6.00 bp	10.8 bp −$11	13.4 bp −$134	doesn't fit	doesn't fit

TSM on 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International TSM-PERP-INTX	−0.0024%	1h	$357K	$82K	10x	as long as short
BloFin TSM-USDT	−0.0002%	8h	$45K	$88K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$331K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.7M	$766K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$557K	$81K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$1K	$5.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$7K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$384K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TSMUSDTlong	+0.0008%	8h	$13.0M	$5.8M	20x
Extended TSM-USD	+0.0008%	1h	$2K	$167K	10x	as long as short
Lighter TSM	+0.0032%	1h	$499K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$225K	$947K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	$10.3M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	$180K	$75K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$146	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$157K	$16K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$305K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	$124	—	10x	as long as short
Bitget TSMUSDT	+0.0139%	8h	$1.7M	$1.3M	20x	as long as short
Phoenix TSM	+0.0200%	1h	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0248%	1h	$4	$61K	10x	as long as short
edgeX TSMUSDCshort	+0.0827%	4h	$48K	$215K	10x