TSM

Alert

Funding spread now, next payment 14:00 UTC−0.0068%/8h

paid, last 24h−0.105%paid, last 4 days−0.318%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TSM_USDC-PERPETUAL	440.58	0.0068	pay 0.0008% / 1h	28m 35s	$4	$59K	10x
Short	Phemex TSMUSDT	440.86	0	get 0.0000% / 8h	2h 28m	$1.5M	$267K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhemexbpOrdersRate

Funding earned: −$14.25
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$33.25
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.064%
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 Phemex live order book, 1 min ago	4.20 bp	29.8 bp −$30	doesn't fit	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-INTX	−0.0104%	1h	$358K	$70K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$485	20x	as long as short
Extended TSM-USD	0.0000%	1h	$4K	$163K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$12.9M	$3.7M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$266K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$1.8M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.8M	$536K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$564K	$93K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$1K	$3.4M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$5K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex TSMUSDTshort	0.0000%	8h	$1.5M	$267K	10x
BloFin TSM-USDT	+0.0001%	8h	$46K	$68K	20x	as long as short
Lighter TSM	+0.0032%	1h	$497K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$238K	$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	$1.6M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	$178K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$137	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$155K	$14K	10x	as long as short
Deribit TSM_USDC-PERPETUALlong	+0.0068%	1h	$4	$59K	10x
Bitget TSMUSDT	+0.0080%	8h	$1.9M	$709K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$308K	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	+0.0181%	1h	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$475	12x	as long as short
edgeX TSMUSDC	+0.0691%	4h	$47K	$214K	10x	as long as short