TSM

Alert

Funding spread now, next payment 15:00 UTC+0.0411%/8h

paid, last 24h+0.106%paid, last 4 days+0.320%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TSM_USDT	439.42	0	get 0.0000% / 8h	1h 34m	$1.8M	$672K	100x
Short	Deribit TSM_USDC-PERPETUAL	439.32	0.0411	get 0.0051% / 1h	34m 34s	$4	$59K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee DeribitbpOrdersRate

Funding earned: $86.22
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $64.22
Break-even: 1.8 days

Slippage unknown: Gate: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.023%
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 Gate live order book, 5 min ago	6.50 bp	15.1 bp −$15	55.3 bp −$553	128.4 bp −$12.8K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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	−0.0032%	1h	$352K	$78K	10x	as long as short
BloFin TSM-USDT	−0.0023%	8h	$45K	$78K	20x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$4K	$166K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$12.9M	$4.7M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$299K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$2.1M	20x	as long as short
Gate TSM_USDTlong	0.0000%	8h	$1.8M	$672K	100x
Variational Omni TSM	0.0000%	8h	$552K	$102K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$2K	$4.4M	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	$6K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$319K	10x	as long as short
Lighter TSM	+0.0032%	1h	$496K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$234K	$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	$1.9M	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	$145	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$154K	$14K	10x	as long as short
Bitget TSMUSDT	+0.0083%	8h	$1.8M	$930K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$270K	$323K	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	+0.0182%	1h	$213K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUALshort	+0.0411%	1h	$4	$59K	10x
edgeX TSMUSDC	+0.0650%	4h	$47K	$215K	10x	as long as short