TSM

Alert

Funding spread now, next payment 16:00 UTC+0.0243%/8h

next payment, per $10,000+$0.30paid, last 24h+0.078%paid, last 4 days+0.244%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:TSM	441.59	0.0050	pay 0.0006% / 1h	19m 36s	$10.3M	$2.0M	10x
Short	Deribit TSM_USDC-PERPETUAL	441.83	0.0293	get 0.0037% / 1h	19m 36s	$97	$61K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee DeribitbpOrdersRate

Funding earned: $51.13
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $26.13
Break-even: 3.4 days

Slippage unknown: tradeXYZ: live order book, 10 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.054%
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 tradeXYZ live order book, 10 min ago	0.57 bp	10.7 bp −$11	12.3 bp −$123	doesn't fit	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	$355K	$79K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	$81K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	$13.0M	$5.4M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	$2.0M	$313K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	$3.8M	$2.3M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	$1.7M	$753K	100x	as long as short
Variational Omni TSM	0.0000%	8h	$557K	$102K	—	as long as short
SunX TSM-USDT	0.0000%	8h	$1K	$5.1M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	$9K	$7K	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	$363K	10x	as long as short
BloFin TSM-USDT	+0.0022%	8h	$46K	$85K	20x	as long as short
Lighter TSM	+0.0032%	1h	$499K	$101K	10x	as long as short
Lighter RH TSM	+0.0032%	1h	$231K	$1.1M	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:TSMlong	+0.0050%	1h	$10.3M	$2.0M	10x
Polymarket Perps TSM-USD	+0.0050%	1h	$179K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	$146	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	$156K	$15K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	$272K	$310K	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
Bitget TSMUSDT	+0.0117%	8h	$1.9M	$1.1M	20x	as long as short
Phoenix TSM	+0.0200%	1h	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUALshort	+0.0293%	1h	$97	$61K	10x
edgeX TSMUSDC	+0.0670%	4h	$48K	$215K	10x	as long as short