TSM

Alert

Funding spread now, next payment 16:00 UTC+0.0687%/8h

paid, last 24h−0.073%paid, last 3 days+0.103%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.103% in total (about 12.6% 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	441.12	−0.0687	get 0.0344% / 4h	35m 46s	$47K	$215K	10x
Short	Variational Omni TSM	441.51	0	get 0.0000% / 8h	35m 46s	$556K	$102K	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Variational OmnibpOrdersRate

Funding earned: $144.29
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $135.29
Break-even: 0.4 days

Slippage unknown: edgeX: live order book, 13 min ago; Variational Omni: RFQ quote, 15 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.088%
Avg gap 7d: 0.000%

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, 13 min ago	6.34 bp	11.0 bp −$11	13.4 bp −$134	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 15 min ago	1.98 bp	doesn't fit	31.3 bp −$313	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
edgeX TSMUSDClong	−0.0687%	4h	$47K	$215K	10x
Coinbase International TSM-PERP-INTX	−0.0032%	1h	$355K	$79K	10x	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	$311K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$2.2M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.7M	$741K	100x	as long as short
Variational Omni TSMshort	0.0000%	8h	$556K	$102K	—
SunX TSM-USDT	0.0000%	8h	$1K	$5.1M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$6K	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	$359K	10x	as long as short
Binance TSMUSDT	+0.0002%	8h	$13.0M	$5.3M	20x	as long as short
BloFin TSM-USDT	+0.0014%	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	$314K	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	$960K	20x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0181%	1h	$4	$60K	10x	as long as short
Phoenix TSM	+0.0200%	1h	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short