TSM

Alert

Funding spread now, next payment 15:00 UTC+0.0040%/8h

paid, last 24h+0.029%paid, last 7 days+0.065%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TSM-USDT	440.86	0.0010	pay 0.0010% / 8h	1h 19m	$45K	$81K	20x
Short	tradeXYZ xyz:TSM	440.39	0.0050	get 0.0006% / 1h	19m 16s	$10.3M	$1.9M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee tradeXYZbpOrdersRate

Funding earned: $8.32
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.68
Break-even: 25.2 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 10 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.107%
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 tradeXYZ live order book, 10 min ago	1.36 bp	11.6 bp −$12	doesn't fit	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
edgeX TSMUSDC	−0.0988%	4h	$47K	$215K	10x	as long as short
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	$13.0M	$5.1M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$307K	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	$712K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$556K	$102K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$2K	$4.8M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX TSM-USDT	0.0000%	8h	$9K	$6K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$340K	10x	as long as short
BloFin TSM-USDTlong	+0.0010%	8h	$45K	$81K	20x
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:TSMshort	+0.0050%	1h	$10.3M	$1.9M	10x
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	+0.0087%	8h	$1.7M	$944K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$270K	$321K	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	$123	—	10x	as long as short
Phoenix TSM	+0.0182%	1h	$214K	$5K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0204%	1h	$4	$59K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$6K	$38K	12x	as long as short