TSM

Alert

Funding spread now, next payment 19:00 UTC−0.0268%/8h

next payment, per $10,000−$0.34paid, last 24h−0.091%paid, last 3 days−0.294%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	443.66	0.0314	pay 0.0039% / 1h	7m 51s	$4	$61K	10x
Short	Vest TSM-USD-PERP	443.41	0.0046	get 0.0006% / 1h	7m 51s	—	—	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee VestbpOrdersRate

Funding earned: −$56.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$65.31
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Vest: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.056%
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 Vest no order-book sample	—	—	—	—	—

Deribit and Vest: 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	−0.0040%	1h	$357K	$88K	10x	as long as short
BloFin TSM-USDT	−0.0006%	8h	$45K	$96K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$13.1M	$6.3M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$359K	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	$840K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$560K	$81K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$1K	$5.3M	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	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$422K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$204K	$749K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	—	—	25x
tradeXYZ xyz:TSM	+0.0050%	1h	$10.3M	$2.3M	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	$151	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$157K	$17K	10x	as long as short
Bitget TSMUSDT	+0.0082%	8h	$1.6M	$1.4M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$272K	$326K	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
Phoenix TSM	+0.0199%	1h	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUALlong	+0.0314%	1h	$4	$61K	10x
Lighter TSM	+0.0408%	1h	$502K	$153K	10x	as long as short
edgeX TSMUSDC	+0.0872%	4h	$48K	$215K	10x	as long as short