TSM

Alert

Funding spread now, next payment 00:00 UTC−0.0010%/8h

next payment, per $10,000−$0.10paid, last 24h+0.002%paid, last 3 days−0.010%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSM-USDT	441.67	0.0010	pay 0.0010% / 8h	6h 30m	$45K	$91K	20x
Short	Binance TSMUSDT	441.89	0	get 0.0000% / 8h	6h 30m	$13.0M	$6.0M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersRate

Funding earned: −$2.14
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.14
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.050%
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 BloFin no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.34 bp	8.5 bp −$9	19.7 bp −$197	doesn't fit	doesn't fit

BloFin: 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	−0.0048%	1h	$356K	$85K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$2K	$167K	10x	as long as short
Binance TSMUSDTshort	0.0000%	8h	$13.0M	$6.0M	20x
Bybit TSMUSDT	0.0000%	8h	$2.0M	$352K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.9M	$2.8M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.7M	$820K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$557K	$81K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$2K	$5.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$8K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex TSMUSDT	0.0000%	8h	$1.5M	$402K	10x	as long as short
BloFin TSM-USDTlong	+0.0010%	8h	$45K	$91K	20x
Lighter RH TSM	+0.0032%	1h	$204K	$895K	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	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	$186K	$82K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$149	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$157K	$17K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$272K	$298K	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	+0.0115%	8h	$1.6M	$1.4M	20x	as long as short
Phoenix TSM	+0.0181%	1h	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0349%	4h	$48K	$216K	10x	as long as short
Lighter TSM	+0.0512%	1h	$500K	$152K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0543%	1h	$97	$61K	10x	as long as short