Funding you earn now, next payment 23:00 UTC+0.0606%/8h= +66.4% APRnext payment +$0.76 per $10,000 · paid last 24h +0.031%
Price spread now: Lighter against SoDEX+0.229%7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.229% dearer against SoDEX than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX TSM-USD | 445.00 | 0.0050 | pay 0.0006% / 1h | 47m 39s | $147 | $3K | 10x |
| Short | Lighter TSM | 446.02 | 0.0656 | get 0.0082% / 1h | 47m 39s | $503K | $160K | 10x |
SoDEX TSM-USD
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- $127.26
- Price spread: +0.229% → 0.000%
- $22.92
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $142.18
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 27 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 27 min ago | 0.11 bp | 2.1 bp −$2 | 24.3 bp −$243 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0017% | 8h | 445.46 | +0.103% | $44K | $104K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.22 | +0.050% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.30 | +0.068% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.37 | +0.083% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.14 | +0.031% | $2.0M | $420K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.31 | +0.070% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.15 | +0.034% | $1.7M | $919K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.36 | +0.081% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.30 | +0.068% | $551K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.35 | +0.079% | $7K | $1.1M | 10x | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 445.38 | +0.085% | $2K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.33 | +0.074% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.06 | +0.013% | $1.5M | $467K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.090% | $356K | $96K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.40 | +0.090% | $224K | $597K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.95 | −0.011% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.02 | +0.004% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.16 | +0.036% | $195K | $89K | 10x | as long as short |
| SoDEX TSM-USDlong | +0.0050% | 1h | 445.00 | long leg | $147 | $3K | 10x | |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.88 | −0.027% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.96 | −0.009% | $269K | $340K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.32 | +0.072% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.38 | +0.086% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.39 | +0.088% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +1.103% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0537% | 4h | 445.31 | +0.069% | $48K | $215K | 10x | as long as short |
| Lighter TSMshort | +0.0656% | 1h | 446.02 | +0.229% | $503K | $160K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0762% | 1h | 445.29 | +0.065% | $4 | $61K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL