TSM funding rates and arbitrage
Updated 2026-10-29 14:11 UTC
Best TSM arbitrage after every cost
No TSM pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
TSM funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| TXFlow | TSM-USDC | 0.0013% | 1 h | +10.9% | — | $23.9K | 2026-10-29 15:00 |
| Phoenix | TSM | 0.0007% | 1 h | +6.0% | +21.4% | — | 2026-10-29 15:00 |
| Ondo Perps | TSM-USD.P | 0.0006% | 1 h | +5.5% | — | $229K | 2026-10-29 15:00 |
| Hyperliquid | xyz:TSM | 0.0006% | 1 h | +5.5% | +6.5% | $7.6M | 2026-10-29 15:00 |
| Lighter RH | TSM | 0.0004% | 1 h | +3.5% | +4.3% | $142.8K | 2026-10-29 15:00 |
| Lighter | TSM | 0.0004% | 1 h | +3.5% | +3.5% | $125.6K | 2026-10-29 15:00 |
| Bitunix | TSMUSDT | 0.0014% | 8 h | +1.5% | +4.1% | — | 2026-10-29 16:00 |
| Phemex | TSMUSDT | 0.0000% | 8 h | 0.0% | — | $1.6M | 2026-10-29 16:00 |
| KuCoin | TSMUSDTM | 0.0000% | 8 h | 0.0% | 0.0% | $103.6K | 2026-10-29 16:00 |
| MEXC | TSMSTOCK_USDT | 0.0000% | 8 h | 0.0% | +4.3% | $1.7M | 2026-10-29 16:00 |
| OKX | TSM-USDT-SWAP | 0.0000% | 8 h | 0.0% | +4.1% | $4.8M | 2026-10-29 16:00 |
| Bitget | TSMUSDT | 0.0000% | 8 h | 0.0% | +8.3% | $3M | 2026-10-29 16:00 |
| HTX | TSM-USDT | 0.0000% | 8 h | 0.0% | +4.6% | $16.5K | 2026-10-29 16:00 |
| Bybit | TSMUSDT | 0.0000% | 8 h | 0.0% | +2.3% | $2.1M | 2026-10-29 16:00 |
| GRVT | TSM_USDT_Perp | 0.0000% | 8 h | 0.0% | +3.7% | $2.2K | 2026-10-29 16:00 |
| Aster | TSMUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $112K | 2026-10-29 16:00 |
| Variational | TSM-PERP | 0.0000% | 8 h | 0.0% | — | $728.2K | 2026-10-29 16:00 |
| Binance | TSMUSDT | 0.0000% | 8 h | 0.0% | +4.4% | $16.8M | 2026-10-29 16:00 |
| Gate | TSM_USDT | 0.0000% | 8 h | 0.0% | +0.8% | $714.1K | 2026-10-29 16:00 |
| Extended | TSM-USD | 0.0000% | 1 h | 0.0% | +3.6% | $7.8K | 2026-10-29 15:00 |
| Crypto.com | TSMUSD-PERP | -0.0044% | 1 h | −38.8% | −5.7% | $80.5K | 2026-10-29 15:00 |
| WhiteBIT | TSM_PERP | -0.0362% | 8 h | −39.6% | +1.3% | $4M | 2026-10-29 16:00 |
Cost to enter $10,000 of TSM
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | TSM | 3.0 bp | order-book snapshot, 9 min old |
| Variational | TSM-PERP | 2.0 bp | top of book only |
| Hyperliquid | xyz:TSM | 3.0 bp | top of book only |
| Extended | TSM-USD | 3.6 bp | top of book only |
| Aster | TSMUSDT | 3.8 bp | top of book only |
| MEXC | TSMSTOCK_USDT | 4.2 bp | top of book only |
| Bybit | TSMUSDT | 4.7 bp | top of book only |
| Lighter | TSM | 4.7 bp | top of book only |
| Binance | TSMUSDT | 5.1 bp * | top of book only |
| OKX | TSM-USDT-SWAP | 5.9 bp * | top of book only |
| GRVT | TSM_USDT_Perp | 6.0 bp | top of book only |
| Bitget | TSMUSDT | 7.0 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is TSM funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no TSM pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest TSM funding rate?
TXFlow at +10.9% a year (0.0013% every 1 h); the lowest is WhiteBIT at −39.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.