TSM

Alert

Funding spread now, next payment 15:00 UTC−0.0235%/8h

next payment, per $10,000−$0.29paid, last 24h−0.120%paid, last 4 days−0.503%to open and closeno order book

Long on Deribit Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSM_USDC-PERPETUAL	441.51	0.0203	pay 0.0025% / 1h	33m 01s	$4	$60K	10x
Short	Coinbase International TSM-PERP-INTX	441.07	−0.0032	pay 0.0004% / 1h	33m 01s	$355K	$79K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$49.39
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$66.39
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 16 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.100%
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 Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 16 min ago	4.42 bp	9.4 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit

Deribit: 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-INTXshort	−0.0032%	1h	$355K	$79K	10x
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	$312K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$2.3M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.7M	$742K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$556K	$102K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$2K	$5.1M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$6K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$360K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TSMUSDT	+0.0002%	8h	$13.0M	$5.3M	20x	as long as short
BloFin TSM-USDT	+0.0011%	8h	$46K	$85K	20x	as long as short
Lighter TSM	+0.0032%	1h	$499K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$231K	$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	$10.3M	$2.0M	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	$147	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$156K	$14K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$313K	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	+0.0114%	8h	$1.7M	$961K	20x	as long as short
edgeX TSMUSDC	+0.0150%	4h	$47K	$215K	10x	as long as short
Phoenix TSM	+0.0200%	1h	$215K	$5K	10x	as long as short
Deribit TSM_USDC-PERPETUALlong	+0.0203%	1h	$4	$60K	10x
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short