TSM

Alert

Funding spread now, next payment 17:00 UTC+0.0098%/8h

next payment, per $10,000+$0.12paid, last 24h+0.043%paid, last 7 days+0.291%to open and closeno order book

Long on Coinbase International Short on Ondo Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TSM-PERP-INTX	442.18	−0.0048	get 0.0006% / 1h	26m 10s	$357K	$86K	10x
Short	Ondo Perps TSM-USD.P	441.97	0.0050	get 0.0006% / 1h	26m 10s	$157K	$17K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Ondo PerpsbpOrdersRate

Funding earned: $20.66
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $5.66
Break-even: 5.1 days

Slippage unknown: Coinbase International: live order book, 13 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.047%
Avg gap 7d: +0.153%

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, 13 min ago	4.41 bp	9.4 bp −$9	13.5 bp −$135	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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-INTXlong	−0.0048%	1h	$357K	$86K	10x
BloFin TSM-USDT	−0.0005%	8h	$45K	$92K	20x	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
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	$825K	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	$405K	10x	as long as short
Binance TSMUSDT	+0.0002%	8h	$13.0M	$6.1M	20x	as long as short
Lighter RH TSM	+0.0032%	1h	$202K	$898K	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	$187K	$82K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$149	$3K	10x	as long as short
Ondo Perps TSM-USD.Pshort	+0.0050%	1h	$157K	$17K	10x
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$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	+0.0116%	8h	$1.7M	$1.4M	20x	as long as short
edgeX TSMUSDC	+0.0161%	4h	$48K	$214K	10x	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
Deribit TSM_USDC-PERPETUAL	+0.0247%	1h	$97	$61K	10x	as long as short
Lighter TSM	+0.0488%	1h	$500K	$152K	10x	as long as short