Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.032%
Price spread now: SoDEX against Lighter−0.105%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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. SoDEX is 0.105% cheaper against Lighter than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 19 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 439.91 | 0.0032 | pay 0.0004% / 1h | 13m 01s | $495K | $143K | 10x |
| Short | SoDEX TSM-USD | 439.45 | 0.0050 | get 0.0006% / 1h | 13m 01s | $136 | $3K | 10x |
Lighter TSM
SoDEX TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.78
- Price spread: −0.105% → 0.000%
- −$10.46
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$14.68
- Costs to cover
- 0.080%
- Break-even
- 34.2 days
Slippage unknown: Lighter: live order book, 22 min ago; SoDEX: 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, 22 min ago | 16.60 bp | 16.8 bp −$17 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0203% | 8h | 440.00 | +0.020% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.85 | −0.015% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.75 | −0.036% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.92 | +0.002% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.75 | −0.036% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.84 | −0.016% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.06 | +0.034% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.00 | +0.020% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.72 | +0.184% | $1.5M | $521K | 10x | as long as short |
| Lighter TSMlong | +0.0032% | 1h | 439.91 | long leg | $495K | $143K | 10x |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.74 | −0.039% | $216K | $702K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.53 | −0.086% | — | $2K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.132% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.48 | −0.098% | $10.2M | $1.7M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.70 | −0.048% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USDshort | +0.0050% | 1h | 439.45 | −0.105% | $136 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.74 | −0.039% | $158K | $28K | 10x | as long as short |
| Binance TSMUSDT | +0.0078% | 8h | 440.01 | +0.023% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.89 | −0.006% | $3K | $142K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0086% | 8h | 439.80 | −0.025% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.54 | −0.084% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.85 | −0.014% | $21 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.0101% | 8h | 440.09 | +0.041% | $45K | $106K | 20x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.98 | +0.016% | $123 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0118% | 4h | 439.87 | −0.010% | $47K | $218K | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.69 | −0.050% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +0.991% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0774% | 1h | 439.91 | 0.000% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
BloFin TSM-USDT
Aevo TSM-PERP
edgeX TSMUSDC
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL