TSM funding rates and arbitrage
Updated 2026-11-11 22:57 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 |
|---|---|---|---|---|---|---|---|
| WhiteBIT | TSM_PERP | 0.0100% | 8 h | +10.9% | +3.3% | $4.2M | 2026-11-12 00:00 |
| TXFlow | TSM-USDC | 0.0013% | 1 h | +10.9% | — | $46.3K | 2026-11-12 00:00 |
| Ondo Perps | TSM-USD.P | 0.0006% | 1 h | +5.5% | — | $532.3K | 2026-11-12 00:00 |
| Hyperliquid | xyz:TSM | 0.0006% | 1 h | +5.5% | +8.9% | $8.4M | 2026-11-12 00:00 |
| Phoenix | TSM | 0.0005% | 1 h | +4.3% | +12.0% | — | 2026-11-12 00:00 |
| Lighter RH | TSM | 0.0004% | 1 h | +3.5% | +4.5% | $192.1K | 2026-11-12 00:00 |
| Lighter | TSM | 0.0004% | 1 h | +3.5% | +6.1% | $127K | 2026-11-12 00:00 |
| Bitunix | TSMUSDT | 0.0011% | 8 h | +1.2% | +5.1% | — | 2026-11-12 00:00 |
| Bybit | TSMUSDT | 0.0000% | 8 h | 0.0% | +4.2% | $2.4M | 2026-11-12 00:00 |
| KuCoin | TSMUSDTM | 0.0000% | 8 h | 0.0% | +8.0% | $114.5K | 2026-11-12 00:00 |
| Phemex | TSMUSDT | 0.0000% | 8 h | 0.0% | — | $1.6M | 2026-11-12 00:00 |
| MEXC | TSMSTOCK_USDT | 0.0000% | 8 h | 0.0% | +6.7% | $1.2M | 2026-11-12 00:00 |
| Bitget | TSMUSDT | 0.0000% | 8 h | 0.0% | +14.2% | $3.2M | 2026-11-12 00:00 |
| HTX | TSM-USDT | 0.0000% | 8 h | 0.0% | +8.4% | $42.4K | 2026-11-12 00:00 |
| OKX | TSM-USDT-SWAP | 0.0000% | 8 h | 0.0% | +5.1% | $4.7M | 2026-11-12 00:00 |
| GRVT | TSM_USDT_Perp | 0.0000% | 8 h | 0.0% | +9.5% | $2.4K | 2026-11-12 00:00 |
| Binance | TSMUSDT | 0.0000% | 8 h | 0.0% | +6.7% | $17.8M | 2026-11-12 00:00 |
| Aster | TSMUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $562.8K | 2026-11-12 00:00 |
| Extended | TSM-USD | 0.0000% | 1 h | 0.0% | +6.5% | $8.6K | 2026-11-12 00:00 |
| Gate | TSM_USDT | 0.0000% | 8 h | 0.0% | +1.6% | $891.3K | 2026-11-12 00:00 |
| Variational | TSM-PERP | 0.0000% | 8 h | 0.0% | 0.0% | $456.9K | 2026-11-12 00:00 |
| Crypto.com | TSMUSD-PERP | -0.0044% | 1 h | −38.9% | +9.2% | $34.5K | 2026-11-12 00:00 |
Cost to enter $10,000 of TSM
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | TSM | 3.4 bp | order-book snapshot, 30 min old |
| MEXC | TSMSTOCK_USDT | 4.6 bp | top of book only |
| OKX | TSM-USDT-SWAP | 5.1 bp * | top of book only |
| Binance | TSMUSDT | 5.5 bp * | top of book only |
| GRVT | TSM_USDT_Perp | 6.1 bp | top of book only |
| Bitget | TSMUSDT | 7.0 bp | top of book only |
| Bybit | TSMUSDT | 7.8 bp | top of book only |
| Gate | TSM_USDT | 8.4 bp | top of book only |
| Extended | TSM-USD | 8.4 bp | top of book only |
| HTX | TSM-USDT | 11.2 bp * | top of book only |
| KuCoin | TSMUSDTM | 13.3 bp | top of book only |
| Hyperliquid | xyz:TSM | 13.3 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?
WhiteBIT at +10.9% a year (0.0100% every 8 h); the lowest is Crypto.com at −38.9%. 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.