TSM

Alert

Funding spread now, next payment 14:00 UTC+0.0150%/8h

next payment, per $10,000+$0.19paid, last 24h+0.004%paid, last 7 days−0.133%to open and close $10k−$58

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSM	440.88	0.0032	pay 0.0004% / 1h	23m 56s	$498K	$101K	10x
Short	Phoenix TSM	440.57	0.0182	get 0.0023% / 1h	23m 56s	$214K	$5K	10x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee LighterbpFee PhoenixbpOrdersRate

Slippage from Lighter: live order book, 27 min ago; Phoenix: live order book, 28 min ago.

A gap far from its average can cost days of funding.

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 27 min ago	19.96 bp	20.0 bp −$20	24.0 bp −$240	doesn't fit	doesn't fit
Sell Phoenix live order book, 28 min ago	2.28 bp	8.7 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International TSM-PERP-INTX	−0.0032%	1h	$354K	$79K	10x	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	$13.1M	$5.0M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$305K	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	$697K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$555K	$102K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$2K	$4.7M	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	$333K	10x	as long as short
BloFin TSM-USDT	+0.0019%	8h	$46K	$80K	20x	as long as short
Lighter TSMlong	+0.0032%	1h	$498K	$101K	10x
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	$10.4M	$1.9M	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	$145	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$155K	$14K	10x	as long as short
Bitget TSMUSDT	+0.0086%	8h	$1.7M	$942K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$271K	$321K	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 TSMshort	+0.0182%	1h	$214K	$5K	10x
Injective TSM/USDC PERP	+0.0220%	1h	$6K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0408%	1h	$4	$59K	10x	as long as short
edgeX TSMUSDC	+0.0592%	4h	$47K	$214K	10x	as long as short