# TSM funding rates and arbitrage

Updated 2026-10-29 17:47 UTC · https://afterfees.xyz/coin/TSM

## 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 |
|---|---|---|---|---|---|---|---|
| [HTX](https://afterfees.xyz/venues/htx) | TSM-USDT | 0.0180% | 8 h | +19.7% | +4.7% | $16.4K | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | TSMUSDT | 0.0144% | 8 h | +15.8% | +7.9% | $3M | 2026-10-30 00:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | TSM-USDC | 0.0013% | 1 h | +10.9% | — | $25.4K | 2026-10-29 18:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | TSM | 0.0012% | 1 h | +10.1% | +21.3% | — | 2026-10-29 18:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | TSM_USDT_Perp | 0.0053% | 8 h | +5.8% | +3.8% | $6.3K | 2026-10-30 00:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | TSM-USD.P | 0.0006% | 1 h | +5.5% | — | $227.1K | 2026-10-29 18:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:TSM | 0.0006% | 1 h | +5.5% | +6.5% | $7.4M | 2026-10-29 18:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | TSM | 0.0004% | 1 h | +3.5% | +4.3% | $138.6K | 2026-10-29 18:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | TSM | 0.0004% | 1 h | +3.5% | +3.5% | $125.1K | 2026-10-29 18:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | TSMUSDT | 0.0014% | 8 h | +1.5% | +3.7% | — | 2026-10-30 00:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | TSMUSDT | 0.0000% | 8 h | 0.0% | — | $1.5M | 2026-10-30 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | TSMUSDTM | 0.0000% | 8 h | 0.0% | 0.0% | $99.6K | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | TSMSTOCK_USDT | 0.0000% | 8 h | 0.0% | +4.3% | $1.6M | 2026-10-30 00:00 |
| [OKX](https://afterfees.xyz/venues/okx) | TSM-USDT-SWAP | 0.0000% | 8 h | 0.0% | +3.6% | $4.8M | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | TSMUSDT | 0.0000% | 8 h | 0.0% | +2.1% | $2.1M | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | TSMUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $111.7K | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | TSM-PERP | 0.0000% | 8 h | 0.0% | — | $719K | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | TSMUSDT | 0.0000% | 8 h | 0.0% | +4.3% | $16.6M | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | TSM_USDT | 0.0000% | 8 h | 0.0% | +0.8% | $717.6K | 2026-10-30 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | TSM-USD | 0.0000% | 1 h | 0.0% | +3.5% | $9.1K | 2026-10-29 18:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | TSM_PERP | -0.0100% | 8 h | −10.9% | +1.3% | $4M | 2026-10-30 00:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | TSMUSD-PERP | -0.0016% | 1 h | −13.8% | −5.9% | $80K | 2026-10-29 18:00 |

## Cost to enter $10,000 of TSM

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | TSM | 2.4 bp | order-book snapshot, 45 min old |
| Variational | TSM-PERP | 2.0 bp | top of book only |
| MEXC | TSMSTOCK_USDT | 2.1 bp | top of book only |
| Hyperliquid | xyz:TSM | 2.8 bp | top of book only |
| Extended | TSM-USD | 3.0 bp | top of book only |
| Bybit | TSMUSDT | 3.6 bp | top of book only |
| Aster | TSMUSDT | 3.7 bp | top of book only |
| OKX | TSM-USDT-SWAP | 5.1 bp * | top of book only |
| Binance | TSMUSDT | 5.1 bp * | top of book only |
| Lighter | TSM | 5.4 bp | top of book only |
| GRVT | TSM_USDT_Perp | 6.1 bp | top of book only |
| Bitget | TSMUSDT | 6.2 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?**

HTX at +19.7% a year (0.0180% every 8 h); the lowest is Crypto.com at −13.8%. 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._