TSM Funding Rate — live across 11 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized TSM perpetual funding across all 11 venues Perpia tracks. Right now TSM funding is positive on 6 and negative on 0, ranging from +24.4% on Bitget to +0.0% on Aster — a spread of 24.4%. The widest delta-neutral trade is long Variational / short Bitget at 21.6% net APR.
TSM funding rate by venue
31 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bitget | +24.4% | 8h |
| Gate.io | +10.9% | 8h |
| KuCoin | +10.9% | 8h |
| trade.xyz | +5.5% | 1h |
| Hyperliquid | +5.5% | 1h |
| Lighter | +3.5% | 8h |
| Variational | +0.0% | 8h |
| OKX | +0.0% | 8h |
| Bybit | +0.0% | 8h |
| Ostium | +0.0% | 1h |
| Aster | +0.0% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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TSM funding — FAQ
Is TSM funding positive right now?
TSM perpetual funding is positive on 6 of 11 venues Perpia tracks. The highest is +24.4% on Bitget; the lowest is +0.0% on Aster.
What is the best TSM funding arbitrage right now?
Go long Variational and short Bitget for about 21.6% net APR after fees — the widest delta-neutral TSM spread Perpia currently sees.
Which exchange has the highest TSM funding rate?
Bitget, at +24.4% annualized. Funding shifts continuously, so check the live table above before trading.
How TSM funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.