TSM funding rates
TSM perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 5.8%long Bybit, short Lighter RH · net 2.9%
- Highest funding now
- 23.7%LrLighter RH
- Lowest funding now
- 0.0%AsAster
- Listed on
- 11 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LrLighter RH | TSM | 23.7% | 7.2% | 5.8% | 4.7% | 5.6% | 100% | 1h | 05:00 | 461.00 | $435k | $672k | TradFi | LrLighter RH | |
| BgBitgetCEX | TSMUSDT | 17.8% | 0.7% | 3.4% | 2.1% | 3.8% | 35% | 8h | 08:00 | 461.54 | $2.3M | $828k | TradFi | BgBitget | |
| RwRWA Perp | PERP_TSM_USDC_mythos | 10.9% | 10.9% | 10.9% | 10.8% | 10.9% | 100% | 8h | 08:00 | 461.25 | $75 | $0 | TradFi | RwRWA Perp | |
| PmPolymarket | TSM-USD | 5.5% | 6.8% | 5.7% | 5.2% | 5.5% | 100% | 1h | 05:00 | 460.92 | $142k | $5k | TradFi | PmPolymarket | |
| LiLighter | TSM | 3.5% | 3.5% | 3.5% | 8.7% | 3.5% | 100% | 1h | 05:00 | 460.32 | $198k | $173k | TradFi | LiLighter | |
| AsAster | TSMUSDT | 0.0% | 0.0% | 2.4% | 0.9% | 2.8% | 14% | 8h | 08:00 | 461.19 | $104k | $296 | TradFi | AsAster | |
| ExExtended | TSM-USD | 0.0% | 0.0% | 4.4% | 2.2% | 5.1% | 45% | 1h | 05:00 | 460.93 | $11k | $117k | TradFi | ExExtended | |
| GrGRVT | TSM_USDT_Perp | 0.0% | 0.2% | 3.3% | 0.9% | 3.8% | 36% | 8h | 08:00 | 461.45 | $5k | $348k | TradFi | GrGRVT | |
| VaVariational | TSM | 0.0% | 0.0% | 1.9% | 0.6% | 2.2% | 33% | 8h | — | 460.74 | $1.4M | $268k | TradFi | VaVariational | |
| ByBybitCEX | TSMUSDT | 0.0% | 0.0% | 0.0% | −0.7% | 0.0% | 0% | 8h | 08:00 | 461.38 | $2.1M | $263k | TradFi | ByBybit | |
| GtGateCEX | TSM_USDT | 0.0% | 0.0% | 0.5% | 0.0% | 0.6% | 5% | 8h | 08:00 | 461.35 | $2.2M | $387k | TradFi | GtGate |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| VaVariational | LrLighter RH | 23.7% | 7.2% | 3.9% | 3.8% | 3.9% | 5.8% | <0.1d | weak | $435k | 8h/1hTradFispread not incl. | VaLr | calc | |
| ByBybitCEX | LrLighter RH | 23.7% | 7.2% | 5.8% | 4.7% | 2.9% | 4.4% | 6.9d | steady | $435k | 8h/1hTradFi | ByLr | calc | |
| LiLighter | LrLighter RH | 20.1% | 3.6% | 2.3% | −1.2% | 2.3% | 3.4% | <0.1d | weak | $198k | TradFi | LiLr | calc | |
| VaVariational | PmPolymarket | 5.5% | 6.8% | 3.7% | 4.6% | 1.6% | 2.5% | 7.8d | weak | $142k | 8h/1hTradFiinvite onlyspread not incl. | VaPm | calc | |
| VaVariational | LiLighter | 3.5% | 3.5% | 1.6% | 8.1% | 1.6% | 2.4% | <0.1d | weak | $198k | 8h/1hTradFispread not incl. | VaLi | calc | |
| GtGateCEX | LrLighter RH | 23.7% | 7.2% | 5.2% | 4.5% | 1.3% | 2.0% | 10d | weak | $435k | 8h/1hTradFi | GtLr | calc | |
| AsAster | LrLighter RH | 23.7% | 7.2% | 3.4% | 3.6% | 1.3% | 1.9% | 8.6d | weak | $104k | 8h/1hTradFi | AsLr | calc | |
| ByBybitCEX | PmPolymarket | 5.5% | 6.8% | 5.7% | 5.9% | 0.7% | 1.1% | 12d | steady | $142k | 8h/1hTradFiinvite only | ByPm | calc | |
| ByBybitCEX | LiLighter | 3.5% | 3.5% | 3.5% | 9.4% | 0.6% | 1.0% | 11d | weak | $198k | 8h/1hTradFi | ByLi | calc | |
| VaVariational | ExExtended | 0.0% | 0.0% | 2.5% | 1.6% | 1.2% | 1.8% | 7.4d | weak | $11k | low OI8h/1hTradFispread not incl. | VaEx | calc | |
| ByBybitCEX | ExExtended | 0.0% | 0.0% | 4.4% | 2.9% | 0.2% | 0.3% | 13d | cooling | $11k | low OI8h/1hTradFi | ByEx | calc | |
| GrGRVT | LrLighter RH | 23.7% | 6.9% | 2.5% | 3.0% | 0.2% | 0.2% | 13d | weak | $5k | low OI8h/1hTradFi | GrLr | calc | |
| LiLighter | PmPolymarket | 2.0% | 3.3% | 2.2% | −3.6% | 0.1% | 0.1% | 14d | weak | $142k | TradFiinvite only | LiPm | calc | |
| ExExtended | LrLighter RH | 23.7% | 7.2% | 1.4% | 2.2% | 0.1% | 0.1% | 13d | weak | $11k | low OITradFi | ExLr | calc | |
| BgBitgetCEX | LrLighter RH | 5.8% | 6.5% | 2.4% | 1.8% | −0.7% | −1.1% | 18d | weak | $435k | 8h/1hTradFi | BgLr | calc | |
| GtGateCEX | PmPolymarket | 5.5% | 6.8% | 5.1% | 5.1% | −0.9% | −1.3% | 16d | weak | $142k | 8h/1hTradFiinvite only | GtPm | calc | |
| AsAster | PmPolymarket | 5.5% | 6.8% | 3.3% | 4.3% | −0.9% | −1.4% | 18d | weak | $104k | 8h/1hTradFiinvite only | AsPm | calc | |
| ByBybitCEX | VaVariational | 0.0% | 0.0% | 1.9% | 1.3% | −0.9% | −1.4% | 21d | weak | $1.4M | TradFispread not incl. | ByVa | calc | |
| GtGateCEX | LiLighter | 3.5% | 3.5% | 3.0% | 8.7% | −1.0% | −1.4% | 19d | weak | $198k | 8h/1hTradFi | GtLi | calc | |
| AsAster | LiLighter | 3.5% | 3.5% | 1.1% | 7.8% | −1.0% | −1.5% | 27d | weak | $104k | 8h/1hTradFi | AsLi | calc | |
| VaVariational | AsAster | 0.0% | 0.0% | 0.5% | 0.3% | −1.6% | −2.4% | 60d | weak | $104k | TradFispread not incl. | VaAs | calc | |
| LiLighter | ExExtended | −3.5% | −3.5% | 0.9% | −6.5% | −0.4% | −0.6% | 20d | mixed | $11k | low OITradFi | LiEx | calc | |
| VaVariational | BgBitgetCEX | 17.8% | 0.7% | 1.5% | 1.5% | −1.7% | −2.5% | 30d | weak | $1.4M | TradFispread not incl. | VaBg | calc | |
| VaVariational | GrGRVT | 0.0% | 0.2% | 1.4% | 0.3% | −1.0% | −1.5% | 24d | weak | $5k | low OITradFispread not incl. | VaGr | calc | |
| GtGateCEX | VaVariational | 0.0% | 0.0% | 1.4% | 0.5% | −2.5% | −3.8% | 40d | weak | $1.4M | TradFispread not incl. | GtVa | calc | |
| ByBybitCEX | AsAster | 0.0% | 0.0% | 2.4% | 1.6% | −2.5% | −3.8% | 29d | weak | $104k | TradFi | ByAs | calc | |
| ByBybitCEX | BgBitgetCEX | 17.8% | 0.7% | 3.4% | 2.8% | −2.6% | −3.9% | 25d | weak | $2.1M | TradFi | ByBg | calc | |
| GtGateCEX | ExExtended | 0.0% | 0.0% | 3.9% | 2.1% | −1.4% | −2.0% | 19d | weak | $11k | low OI8h/1hTradFi | GtEx | calc | |
| AsAster | ExExtended | 0.0% | 0.0% | 2.0% | 1.3% | −1.4% | −2.1% | 24d | weak | $11k | low OI8h/1hTradFi | AsEx | calc | |
| BgBitgetCEX | PmPolymarket | −12.4% | 6.1% | 2.3% | 3.1% | −2.9% | −4.4% | 32d | weak | $142k | 8h/1hTradFiinvite only | BgPm | calc | |
| BgBitgetCEX | LiLighter | −14.3% | 2.8% | 0.1% | 6.6% | −3.0% | −4.5% | 365d | weak | $198k | 8h/1hTradFi | BgLi | calc | |
| ByBybitCEX | GrGRVT | 0.0% | 0.2% | 3.3% | 1.6% | −1.9% | −2.9% | 22d | weak | $5k | low OITradFi | ByGr | calc | |
| PmPolymarket | LrLighter RH | 18.2% | 0.4% | 0.1% | −0.7% | −2.0% | −2.9% | 224d | mixed | $142k | TradFiinvite only | PmLr | calc | |
| GrGRVT | PmPolymarket | 5.5% | 6.6% | 2.4% | 4.3% | −2.1% | −3.1% | 26d | weak | $5k | low OI8h/1hTradFiinvite only | GrPm | calc | |
| GtGateCEX | AsAster | 0.0% | 0.0% | 1.9% | 0.8% | −4.1% | −6.2% | 45d | weak | $104k | TradFi | GtAs | calc | |
| GtGateCEX | BgBitgetCEX | 17.8% | 0.7% | 2.8% | 2.1% | −4.2% | −6.3% | 35d | weak | $2.2M | TradFi | GtBg | calc | |
| AsAster | BgBitgetCEX | 17.8% | 0.7% | 1.0% | 1.2% | −4.2% | −6.4% | 75d | weak | $104k | TradFi | AsBg | calc | |
| GrGRVT | LiLighter | 3.5% | 3.3% | 0.2% | 7.9% | −2.1% | −3.2% | 148d | weak | $5k | low OI8h/1hTradFi | GrLi | calc | |
| ExExtended | PmPolymarket | 5.5% | 6.8% | 1.3% | 3.0% | −2.1% | −3.2% | 38d | weak | $11k | low OITradFiinvite only | ExPm | calc | |
| ExExtended | LiLighter | 3.5% | 3.5% | −0.9% | 6.5% | −2.2% | −3.3% | — | weak | $11k | low OITradFi | ExLi | calc | |
| GrGRVT | ExExtended | 0.0% | −0.2% | 1.1% | 1.3% | −2.5% | −3.8% | 46d | weak | $5k | low OI8h/1hTradFi | GrEx | calc | |
| ByBybitCEX | GtGateCEX | 0.0% | 0.0% | 0.5% | 0.8% | −6.2% | −9.3% | 173d | weak | $2.1M | TradFi | ByGt | calc | |
| LiLighter | BgBitgetCEX | 14.3% | −2.8% | −0.1% | −6.6% | −3.2% | −4.9% | — | mixed | $198k | 1h/8hTradFi | LiBg | calc | |
| BgBitgetCEX | ExExtended | −17.8% | −0.7% | 1.0% | 0.1% | −3.4% | −5.1% | 61d | weak | $11k | low OI8h/1hTradFi | BgEx | calc | |
| GtGateCEX | GrGRVT | 0.0% | 0.2% | 2.7% | 0.8% | −3.5% | −5.3% | 32d | weak | $5k | low OITradFi | GtGr | calc | |
| AsAster | GrGRVT | 0.0% | 0.2% | 0.9% | 0.0% | −3.6% | −5.3% | 71d | weak | $5k | low OITradFi | AsGr | calc | |
| GrGRVT | BgBitgetCEX | 17.8% | 0.5% | 0.1% | 1.3% | −5.4% | −8.1% | 755d | weak | $5k | low OITradFi | GrBg | calc | |
| ExExtended | BgBitgetCEX | 17.8% | 0.7% | −1.0% | −0.1% | −5.4% | −8.2% | — | weak | $11k | low OI1h/8hTradFi | ExBg | calc | |
| PmPolymarket | BgBitgetCEX | 12.4% | −6.1% | −2.3% | −3.1% | −7.5% | −11.2% | — | mixed | $142k | 1h/8hTradFiinvite only | PmBg | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 04:46 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
TSM · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | BgBitget461.54 | GrGRVT461.455 | ByBybit461.38 | GtGate461.35 | RwRWA Perp461.25 | AsAster461.194 | LrLighter RH460.995 | ExExtended460.933 | PmPolymarket460.92 | VaVariational460.741 | LiLighter460.325 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LiLighter460.325 | 0.264% | 0.245% | 0.229% | 0.222% | 0.201% | 0.189% | 0.145% | 0.132% | 0.129% | 0.090% | — |
| VaVariational460.741 | 0.173% | 0.155% | 0.139% | 0.132% | 0.110% | 0.098% | 0.055% | 0.042% | 0.039% | — | −0.090% |
| PmPolymarket460.92 | 0.134% | 0.116% | 0.100% | 0.093% | 0.072% | 0.059% | 0.016% | 0.003% | — | −0.039% | −0.129% |
| ExExtended460.933 | 0.132% | 0.113% | 0.097% | 0.090% | 0.069% | 0.057% | 0.014% | — | −0.003% | −0.042% | −0.132% |
| LrLighter RH460.995 | 0.118% | 0.100% | 0.083% | 0.077% | 0.055% | 0.043% | — | −0.014% | −0.016% | −0.055% | −0.145% |
| AsAster461.194 | 0.075% | 0.057% | 0.040% | 0.034% | 0.012% | — | −0.043% | −0.057% | −0.059% | −0.098% | −0.189% |
| RwRWA Perp461.25 | 0.063% | 0.044% | 0.028% | 0.022% | — | −0.012% | −0.055% | −0.069% | −0.072% | −0.110% | −0.201% |
| GtGate461.35 | 0.041% | 0.023% | 0.007% | — | −0.022% | −0.034% | −0.077% | −0.090% | −0.093% | −0.132% | −0.222% |
| ByBybit461.38 | 0.035% | 0.016% | — | −0.007% | −0.028% | −0.040% | −0.083% | −0.097% | −0.100% | −0.139% | −0.229% |
| GrGRVT461.455 | 0.018% | — | −0.016% | −0.023% | −0.044% | −0.057% | −0.100% | −0.113% | −0.116% | −0.155% | −0.245% |
| BgBitget461.54 | — | −0.018% | −0.035% | −0.041% | −0.063% | −0.075% | −0.118% | −0.132% | −0.134% | −0.173% | −0.264% |
All quotes (11)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 461.194 | 461.194 | mark | 9m | $296 | closedno FX |
| BgBitgetCEX | 461.54 | 461.54 | mark | 8m | $828k | closedno FX |
| ByBybitCEX | 461.38 | 461.38 | mark | 8m | $263k | closedno FX |
| ExExtended | 460.933 | 460.933 | mark | 9m | $117k | closed |
| GtGateCEX | 461.35 | 461.35 | mark | 8m | $387k | closedno FX |
| GrGRVT | 461.455 | 461.455 | mark | 9m | $348k | closedno FX |
| LiLighter | 460.325 | 460.325 | mark | 9m | $173k | closed |
| PmPolymarket | 460.92 | 460.92 | mark | 9m | $5k | closed |
| LrLighter RH | 460.995 | 460.995 | mark | 9m | $672k | closed |
| RwRWA Perp | 461.25 | 461.25 | mark | 9m | $0 | closed |
| VaVariational | 460.741 | 460.741 | mark | 9m | $268k | closed |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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