TSM Funding Rate History — Settled Payments by Exchange
TSMC
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
| 719 | +1.3811% | +16.84% | +0.0062% | -0.0142% | 2026-09-23 18:00 UTC | |
| 90 | +0.8933% | +10.88% | +0.0101% | +0.0033% | 2026-09-23 16:00 UTC | |
| 90 | +0.7928% | +9.65% | +0.0100% | -0.0738% | 2026-09-23 16:00 UTC | |
| 94 | +0.4917% | +5.73% | +0.0733% | -0.0034% | 2026-09-23 16:00 UTC | |
| 720 | +0.4726% | +5.75% | +0.0211% | -0.0327% | 2026-09-23 18:00 UTC | |
| 719 | +0.4679% | +5.70% | +0.0124% | -0.0174% | 2026-09-23 18:00 UTC | |
| 720 | +0.4333% | +5.28% | +0.0133% | -0.0233% | 2026-09-23 18:00 UTC | |
| 94 | +0.4036% | +4.70% | +0.0337% | -0.0426% | 2026-09-23 16:00 UTC | |
| 90 | +0.3870% | +4.71% | +0.0217% | -0.0611% | 2026-09-23 16:00 UTC | |
| 482 | +0.3868% | +7.03% | +0.0358% | +0.0004% | 2026-09-23 18:00 UTC | |
| 90 | +0.1792% | +2.18% | +0.0293% | -0.0480% | 2026-09-23 16:00 UTC | |
| 720 | +0.1245% | +1.52% | +0.0078% | -0.0076% | 2026-09-23 18:00 UTC | |
| 95 | +0.0812% | +0.94% | +0.0181% | -0.0622% | 2026-09-23 16:00 UTC | |
| 90 | +0.0701% | +0.85% | +0.0199% | -0.0234% | 2026-09-23 16:00 UTC | |
| 94 | +0.0459% | +0.53% | +0.0177% | +0.0000% | 2026-09-23 16:00 UTC | |
| 90 | +0.0395% | +0.48% | +0.0100% | -0.0065% | 2026-09-23 16:00 UTC | |
| 94 | +0.0244% | +0.28% | +0.0184% | -0.0590% | 2026-09-23 16:00 UTC | |
| 93 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-09-23 16:00 UTC | |
| 90 | -0.0049% | -0.06% | +0.0204% | -0.0537% | 2026-09-23 16:00 UTC | |
| 90 | -0.1702% | -2.07% | +0.0193% | -0.2293% | 2026-09-23 16:00 UTC | |
| 90 | -0.2270% | -2.76% | +0.0196% | -0.0166% | 2026-09-23 16:00 UTC |
What the TSM funding rate means
What TSM (TSMC) actually paid over the last 30 days: 5,454 settlements across 21 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Phoenix paid the most over the window at +1.3811% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 70% of the 5,454 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +1.3811% on Phoenix to -0.2270% on Bitunix — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the TSM funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 70% of the 5,454 settlements recorded here.
- Which exchange has paid the most settled TSM funding recently?
- Phoenix paid the most over the last 30 days at +1.3811% of position size across 719 settlements, an average annualized rate of +16.84%. This is a sum of actual payments, not a forecast.
- How often is TSM funding actually paid?
- Over the last 30 days, ORBIT recorded 5,454 funding settlements for TSM across 21 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.