TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: SoDEX against Lighter RH−0.085%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on SoDEX

What this pair did over the last

the charts below follow

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 RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.085% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 16 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 RH TSM	446.51	0.0032	pay 0.0004% / 1h	40m 51s	$231K	$585K	10x
Short	SoDEX TSM-USD	446.13	0.0050	get 0.0006% / 1h	40m 51s	$145	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Lighter RH. 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 Lighter RHbpFee SoDEXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $3.78
Price spread: −0.085% → 0.000%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.73
Costs to cover: 0.080%
Break-even: 30.6 days

Slippage unknown: Lighter RH: live order book, 36 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 RH live order book, 36 min ago	1.68 bp	2.0 bp −$2	13.3 bp −$133	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
edgeX TSMUSDC	−0.0715%	4h	446.47	−0.009%	$48K	$216K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0024%	1h	446.07	−0.099%	$357K	$97K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	446.31	−0.045%	$82K	$1K	20x	as long as short
Extended TSM-USD	0.0000%	1h	446.44	−0.015%	$2K	$167K	10x	as long as short
Binance TSMUSDT	0.0000%	8h	446.53	+0.004%	$13.2M	$6.8M	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	446.10	−0.092%	$2.0M	$415K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	446.50	−0.002%	$4.0M	$3.0M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	446.07	−0.099%	$1.7M	$907K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	446.49	−0.004%	$1.6M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	446.41	−0.023%	$553K	$84K	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TSM_USDT_Perp	0.0000%	8h	446.47	−0.010%	$7K	$1.1M	10x	as long as short
SunX TSM-USDT	0.0000%	8h	446.49	−0.004%	$2K	$5.2M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	446.37	−0.031%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.99	−0.340%	$1.5M	$455K	10x	as long as short
BloFin TSM-USDT	+0.0007%	8h	446.49	−0.004%	$44K	$102K	20x	as long as short
Lighter RH TSMlong	+0.0032%	1h	446.51	long leg	$231K	$585K	10x
Vest TSM-USD-PERP	+0.0046%	1h	446.23	−0.063%	—	—	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	446.09	−0.094%	$10.3M	$2.4M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	446.23	−0.063%	$196K	$90K	10x	as long as short
SoDEX TSM-USDshort	+0.0050%	1h	446.13	−0.085%	$145	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	445.95	−0.125%	$159K	$22K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	445.99	−0.116%	$271K	$323K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	446.41	−0.022%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	446.46	−0.011%	$125	—	10x	as long as short
Phoenix TSM	+0.0215%	1h	446.23	−0.063%	$217K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	450.72	+0.943%	$7K	$38K	12x	as long as short
Lighter TSM	+0.0328%	1h	446.93	+0.094%	$504K	$166K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0378%	1h	446.37	−0.031%	$4	$61K	10x	as long as short