TSM

Alert

Funding spread now, next payment 14:00 UTC+0.0559%/8h

paid, last 24h+0.085%paid, last 7 days+0.078%to open and close $10k−$40

Long on Coinbase International Short on edgeX

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% 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	Coinbase International TSM-PERP-INTX	440.05	−0.0032	get 0.0004% / 1h	23m 29s	$354K	$79K	10x
Short	edgeX TSMUSDC	441.09	0.0527	get 0.0264% / 4h	1h 23m	$47K	$214K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee edgeXbpOrdersRate

Funding earned: $117.49
Slippage, 4 orders: −$21.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $77.11
Break-even: 2.4 days

Slippage from Coinbase International: live order book, 31 min ago; edgeX: live order book, 30 min ago.

Price risk

price view

Price gap now: +0.235%
Avg gap 7d: +0.221%

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 Coinbase International live order book, 31 min ago	4.68 bp	9.7 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell edgeX live order book, 30 min ago	5.82 bp	10.5 bp −$11	13.1 bp −$131	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-INTXlong	−0.0032%	1h	$354K	$79K	10x
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 TSMUSDT	0.0000%	8h	$1.5M	$333K	10x	as long as short
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	$270K	$322K	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
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 TSMUSDCshort	+0.0527%	4h	$47K	$214K	10x