TSM

Alert

Funding spread now, next payment 19:00 UTC−0.1008%/8h

paid, last 24h−0.001%paid, last 7 days−0.168%to open and close $10k−$26

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.8% 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	Lighter RH TSM	444.01	0.0032	pay 0.0004% / 1h	5m 06s	$204K	$749K	10x
Short	edgeX TSMUSDC	443.73	−0.0976	pay 0.0488% / 4h	1h 05m	$48K	$215K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee edgeXbpOrdersRate

Funding earned: −$211.68
Slippage, 4 orders: −$16.74
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$237.42
Break-even: never at this rate

Slippage from Lighter RH: live order book, 39 min ago; edgeX: live order book, 28 min ago.

Price risk

price view

Price gap now: −0.063%
Avg gap 7d: −0.038%

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 Lighter RH live order book, 39 min ago	2.26 bp	2.7 bp −$3	12.4 bp −$124	doesn't fit	doesn't fit
Sell edgeX live order book, 28 min ago	5.64 bp	10.4 bp −$10	13.1 bp −$131	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 TSMUSDCshort	−0.0976%	4h	$48K	$215K	10x
Coinbase International TSM-PERP-INTX	−0.0040%	1h	$357K	$88K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$13.1M	$6.3M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$359K	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	$840K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$560K	$81K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$1K	$5.3M	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	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$422K	10x	as long as short
BloFin TSM-USDT	+0.0026%	8h	$45K	$96K	20x	as long as short
Lighter RH TSMlong	+0.0032%	1h	$204K	$749K	10x
Vest TSM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	$10.3M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	$187K	$82K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$151	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$157K	$17K	10x	as long as short
Bitget TSMUSDT	+0.0081%	8h	$1.6M	$1.4M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$272K	$325K	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
Phoenix TSM	+0.0199%	1h	$216K	$5K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0201%	1h	$4	$61K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short
Lighter TSM	+0.0400%	1h	$502K	$153K	10x	as long as short