TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter RH against Vest+0.086%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Lighter RH

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 airdropVest: Active · Lighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.086% dearer against Vest than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest TSM-USD-PERP	440.95	0.0046	pay 0.0006% / 1h	39m 06s	—	$583	25x
Short	Lighter RH TSM	441.33	0.0032	get 0.0004% / 1h	39m 06s	$221K	$643K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Vest. 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 VestbpFee Lighter RHbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$2.87
Price spread: +0.086% → 0.000%: $8.62
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $3.74
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 18 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 18 min ago	1.58 bp	1.6 bp −$2	10.1 bp −$101	doesn't fit	doesn't fit

Vest: 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
Aster TSMUSDT	0.0000%	8h	441.55	+0.136%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.22	+0.061%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.44	+0.111%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.22	+0.061%	$1.7M	$1.0M	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	441.43	+0.109%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	441.51	+0.128%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.46	+0.116%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.41	+0.104%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	441.80	+0.193%	$1.5M	$462K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.62	+0.152%	$497K	$175K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSMshort	+0.0032%	1h	441.33	+0.086%	$221K	$643K	10x
BloFin TSM-USDT	+0.0044%	8h	441.68	+0.166%	$45K	$99K	20x	as long as short
Vest TSM-USD-PERPlong	+0.0046%	1h	440.95	long leg	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	441.02	+0.016%	$10.2M	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.07	+0.027%	$194K	$52K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.09	+0.032%	$139	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.02	+0.016%	$158K	$23K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	441.34	+0.089%	$1K	$190K	10x	as long as short
Binance TSMUSDT	+0.0065%	8h	441.48	+0.120%	$13.0M	$7.1M	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.07	+0.027%	$268K	$316K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.31	+0.082%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.35	+0.091%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.036%	$368K	$102K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0122%	8h	441.58	+0.143%	$16K	$1.2M	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.34	+0.088%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.529%	$7K	$38K	12x	as long as short
edgeX TSMUSDC	+0.0227%	4h	441.29	+0.077%	$47K	$215K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0566%	1h	441.31	+0.082%	$4	$24K	10x	as long as short