TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.034%

Price spread now: Aevo against Lighter−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.026% cheaper against Lighter than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSM	443.43	0.0032	pay 0.0004% / 1h	12m 36s	$500K	$173K	10x
Short	Aevo TSM-PERP	443.31	0.0104	get 0.0013% / 1h	12m 36s	$124	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee AevobpOrdersPrice spread, now −0.026%Rate

Funding earned: $15.12
Price spread: −0.026% → 0.000%: −$2.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$3.49
Costs to cover: 0.160%
Break-even: 8.6 days

Slippage unknown: Lighter: live order book, 42 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 42 min ago	9.45 bp	9.5 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TSM on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSMUSDC	−0.0698%	4h	443.36	−0.016%	$48K	$217K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	443.50	+0.015%	$81K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	443.07	−0.081%	$2.0M	$390K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	443.42	−0.002%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.17	−0.059%	$1.7M	$960K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	443.37	−0.014%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.37	−0.014%	$549K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	443.46	+0.007%	$2K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	443.19	−0.054%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	443.44	+0.002%	$1.5M	$446K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSMlong	+0.0032%	1h	443.43	long leg	$500K	$173K	10x
Lighter RH TSM	+0.0032%	1h	443.12	−0.070%	$221K	$645K	10x	as long as short
Binance TSMUSDT	+0.0038%	8h	443.35	−0.018%	$13.0M	$6.8M	20x	as long as short
Extended TSM-USD	+0.0040%	1h	443.23	−0.045%	$2K	$189K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	442.95	−0.108%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	442.93	−0.113%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	443.22	−0.047%	$196K	$51K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	442.95	−0.108%	$136	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	442.84	−0.133%	$158K	$23K	10x	as long as short
BloFin TSM-USDT	+0.0055%	8h	443.59	+0.036%	$45K	$98K	20x	as long as short
GRVT TSM_USDT_Perp	+0.0078%	8h	443.47	+0.009%	$8K	$1.1M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	442.99	−0.099%	$268K	$320K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	443.36	−0.016%	$21	—	10x	as long as short
Aevo TSM-PERPshort	+0.0104%	1h	443.31	−0.026%	$124	—	10x
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.05	−0.086%	$369K	$107K	10x	as long as short
Phoenix TSM	+0.0217%	1h	443.28	−0.034%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	448.46	+1.134%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0653%	1h	443.24	−0.043%	$4	$24K	10x	as long as short