TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%

Price spread now: Vest against Extended−0.068%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.068% cheaper against Extended than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TSM-USD	444.28	0.0008	pay 0.0001% / 1h	33m 54s	$5K	$196K	10x
Short	Vest TSM-USD-PERP	443.98	0.0046	get 0.0006% / 1h	33m 54s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee VestbpOrdersPrice spread, now −0.068%Rate

Funding earned: $7.91
Price spread: −0.068% → 0.000%: −$6.8
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: −$5.89
Costs to cover: 0.070%
Break-even: 12.2 days

Slippage unknown: Extended: live order book, 33 min ago; Vest: no order-book sample. Net counts fees only.

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 Extended live order book, 33 min ago	0.45 bp	8.5 bp −$8	80.9 bp −$809	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TSMUSDT	0.0000%	8h	444.28	0.000%	$82K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	444.01	−0.061%	$2.0M	$404K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	444.18	−0.023%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.97	−0.070%	$1.7M	$935K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	444.22	−0.014%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	444.77	+0.110%	$551K	$82K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.18	−0.023%	$1K	$4.7M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	444.55	+0.060%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.54	+0.058%	$1.5M	$455K	10x	as long as short
Binance TSMUSDT	+0.0007%	8h	444.40	+0.027%	$13.0M	$7.0M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TSM-USDlong	+0.0008%	1h	444.28	long leg	$5K	$196K	10x
Coinbase International TSM-PERP-INTX	+0.0016%	1h	444.22	−0.014%	$366K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	444.27	−0.003%	$222K	$630K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	443.98	−0.068%	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	443.88	−0.091%	$10.2M	$2.3M	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	443.87	−0.093%	$142	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	444.42	+0.031%	$160K	$25K	10x	as long as short
Polymarket Perps TSM-USD	+0.0053%	1h	444.14	−0.032%	$197K	$48K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0066%	8h	444.89	+0.137%	$17K	$1.1M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	444.13	−0.034%	$270K	$316K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	444.05	−0.052%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	444.07	−0.047%	$124	—	10x	as long as short
Phoenix TSM	+0.0179%	1h	444.44	+0.036%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.67	+1.438%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0416%	1h	444.61	+0.074%	$502K	$170K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0629%	1h	444.15	−0.030%	$4	$23K	10x	as long as short
edgeX TSMUSDC	+0.0704%	4h	444.76	+0.107%	$48K	$216K	10x	as long as short