TSM

Alert

Funding spread now, next payment 17:00 UTC−0.0397%/8h

paid, last 24h−0.037%paid, last 7 days−0.100%to open and close $10k−$40

Long on edgeX Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% 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	edgeX TSMUSDC	441.90	0.0349	pay 0.0175% / 4h	2h 30m	$48K	$216K	10x
Short	Coinbase International TSM-PERP-INTX	441.66	−0.0048	pay 0.0006% / 1h	30m 46s	$356K	$85K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$83.43
Slippage, 4 orders: −$21.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$123.59
Break-even: never at this rate

Slippage from edgeX: live order book, 8 min ago; Coinbase International: live order book, 9 min ago.

Price risk

price view

Price gap now: −0.055%
Avg gap 7d: −0.217%

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 edgeX live order book, 8 min ago	5.88 bp	10.5 bp −$11	13.0 bp −$130	doesn't fit	doesn't fit
Sell Coinbase International live order book, 9 min ago	4.41 bp	9.7 bp −$10	12.6 bp −$126	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-INTXshort	−0.0048%	1h	$356K	$85K	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
Binance TSMUSDT	0.0000%	8h	$13.0M	$6.0M	20x	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	$819K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$558K	$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	$402K	10x	as long as short
BloFin TSM-USDT	+0.0010%	8h	$45K	$91K	20x	as long as short
Lighter RH TSM	+0.0032%	1h	$204K	$895K	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	$186K	$82K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$149	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$157K	$17K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$272K	$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	+0.0114%	8h	$1.6M	$1.4M	20x	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
edgeX TSMUSDClong	+0.0349%	4h	$48K	$216K	10x
Lighter TSM	+0.0512%	1h	$500K	$152K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0543%	1h	$97	$61K	10x	as long as short