TSM

Alert

Funding spread now, next payment 18:00 UTC−0.0199%/8h

paid, last 24h−0.050%paid, last 7 days−0.282%to open and close $10k−$50

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TSM	443.67	0.0199	pay 0.0025% / 1h	11m 26s	$216K	$5K	10x
Short	Gate TSM_USDT	443.33	0	get 0.0000% / 8h	5h 11m	$1.7M	$839K	100x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee PhoenixbpFee GatebpOrdersRate

Slippage from Phoenix: live order book, 20 min ago; Gate: live order book, 3 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 Phoenix live order book, 20 min ago	2.26 bp	8.7 bp −$9	16.9 bp −$169	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.85 bp	17.4 bp −$17	36.9 bp −$369	49.2 bp −$4,921	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX TSMUSDC	−0.0295%	4h	$48K	$215K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0040%	1h	$357K	$88K	10x	as long as short
BloFin TSM-USDT	−0.0027%	8h	$45K	$96K	20x	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	$357K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.9M	$2.8M	20x	as long as short
Gate TSM_USDTshort	0.0000%	8h	$1.7M	$839K	100x
Variational Omni TSM	0.0000%	8h	$560K	$81K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX TSM-USDT	0.0000%	8h	$1K	$5.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	$1.5M	$420K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$204K	$749K	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	$2.3M	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	+0.0085%	8h	$1.6M	$1.4M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$272K	$328K	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 TSMlong	+0.0199%	1h	$216K	$5K	10x
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	+0.0416%	1h	$502K	$153K	10x	as long as short