TSM funding rates
TSM perpetual funding is currently quoted across 12 venues, ranging from +0.0% to +10.9% APR. The most reliable delta-neutral pairing for TSM right now is long Variational / short Phoenix at +3.3% net APR (low risk, ~3.6d to break even).
as of 2026-10-27 15:36 UTC
Best delta-neutral pairing
Long Variational / Short Phoenix
+3.3% net APR
- Backtested (30d)
- +15.8%
- Stability
- 86.5%
- Risk
- low
- Breakeven
- ~3.6d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeTSM funding by exchange
| Exchange | Funding APR |
|---|---|
| TxFlow | +10.95% |
| Polymarket | +7.56% |
| Phoenix | +6.06% |
| Ondo | +5.52% |
| TradeXYZ | +5.48% |
| SoDEX | +5.47% |
| Lighter RH | +3.50% |
| Lighter | +3.50% |
| Variational | +0.00% |
| Aster | +0.00% |
| Grvt | +0.00% |
| Extended | +0.00% |
Frequently asked
What is the TSM funding rate right now?
TSM perpetual funding ranges from 0.00% to 10.95% APR across 12 exchanges we track; the widest delta-neutral spread is long Variational / short Phoenix at 3.3% net APR.
Which exchange has the highest TSM funding rate?
TxFlow currently has the highest at 10.95% APR. See the full ranking above.