# TSM funding rate history — settled payments by exchange

Source: https://orbitperpscreener.com/markets/asset/TSM/funding · window: last 30 days · generated 2026-09-23T19:05 UTC

What TSM (TSMC) actually paid over the last 30 days: 5,449 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 +1.3772% 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 5,449 settlements recorded here, meaning longs paid shorts that often.

Over the window, settled totals ranged from +1.3772% 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.

| Exchange | Settlements | Total paid | Average APR | Largest | Smallest | Last settled |
|---|---:|---:|---:|---:|---:|---|
| Phoenix | 718 | +1.3772% | +16.81% | +0.0062% | -0.0142% | 2026-09-23 18:00 UTC |
| WOOFi Pro | 90 | +0.8933% | +10.88% | +0.0101% | +0.0033% | 2026-09-23 16:00 UTC |
| KuCoin | 90 | +0.7928% | +9.65% | +0.0100% | -0.0738% | 2026-09-23 16:00 UTC |
| Hotcoin | 94 | +0.4917% | +5.73% | +0.0733% | -0.0034% | 2026-09-23 16:00 UTC |
| Ondo | 719 | +0.4719% | +5.75% | +0.0211% | -0.0327% | 2026-09-23 18:00 UTC |
| Polymarket | 718 | +0.4673% | +5.70% | +0.0124% | -0.0174% | 2026-09-23 18:00 UTC |
| trade[XYZ] (mirrors hyperliquid) | 719 | +0.4317% | +5.26% | +0.0133% | -0.0233% | 2026-09-23 18:00 UTC |
| Toobit | 94 | +0.4036% | +4.70% | +0.0337% | -0.0426% | 2026-09-23 16:00 UTC |
| WEEX | 90 | +0.3870% | +4.71% | +0.0217% | -0.0611% | 2026-09-23 16:00 UTC |
| Lighter Robinhood | 482 | +0.3868% | +7.03% | +0.0358% | +0.0004% | 2026-09-23 18:00 UTC |
| Bitget | 90 | +0.1792% | +2.18% | +0.0293% | -0.0480% | 2026-09-23 16:00 UTC |
| Extended | 719 | +0.1224% | +1.49% | +0.0078% | -0.0076% | 2026-09-23 18:00 UTC |
| grvt | 95 | +0.0812% | +0.94% | +0.0181% | -0.0622% | 2026-09-23 16:00 UTC |
| OKX | 90 | +0.0701% | +0.85% | +0.0199% | -0.0234% | 2026-09-23 16:00 UTC |
| Aster | 94 | +0.0459% | +0.53% | +0.0177% | +0.0000% | 2026-09-23 16:00 UTC |
| Gate.io | 90 | +0.0395% | +0.48% | +0.0100% | -0.0065% | 2026-09-23 16:00 UTC |
| BloFin | 94 | +0.0244% | +0.28% | +0.0184% | -0.0590% | 2026-09-23 16:00 UTC |
| HTX | 93 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-09-23 16:00 UTC |
| Bybit | 90 | -0.0049% | -0.06% | +0.0204% | -0.0537% | 2026-09-23 16:00 UTC |
| MEXC | 90 | -0.1702% | -2.07% | +0.0193% | -0.2293% | 2026-09-23 16:00 UTC |
| Bitunix | 90 | -0.2270% | -2.76% | +0.0196% | -0.0166% | 2026-09-23 16:00 UTC |

## FAQ

### 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 5,449 settlements recorded here.

### Which exchange has paid the most settled TSM funding recently?

Phoenix paid the most over the last 30 days at +1.3772% of position size across 718 settlements, an average annualized rate of +16.81%. This is a sum of actual payments, not a forecast.

### How often is TSM funding actually paid?

Over the last 30 days, ORBIT recorded 5,449 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.

### What is the widest settled TSM funding spread between venues?

Over the last 30 days, settled totals ranged from +1.3772% on Phoenix to -0.2270% on Bitunix. That gap is what a position holding both legs — long on the venue that paid least, short on the one that paid most — would have collected before fees and slippage. Check the current spread on the live screener, since settled history describes the past, not the next payment.

Live rates: https://orbitperpscreener.com/markets/asset/TSM · Screener: https://orbitperpscreener.com/screener