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 −0.048%

Price spread now: Vest against Lighter−0.061%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 Vest

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: Season 3 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.061% cheaper against Lighter than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSM	441.90	0.0032	pay 0.0004% / 1h	9m 29s	$498K	$176K	10x
Short	Vest TSM-USD-PERP	441.63	0.0046	get 0.0006% / 1h	9m 29s	—	$583	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.061%Rate

Funding earned: $2.87
Price spread: −0.061% → 0.000%: −$6.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$5.24
Costs to cover: 0.020%
Break-even: 19.8 days

Slippage unknown: Lighter: live order book, 41 min ago; Vest: 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, 41 min ago	6.55 bp	6.6 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
edgeX TSMUSDC	−0.0631%	4h	441.78	−0.027%	$48K	$216K	10x	as long as short
Bitget TSMUSDT	−0.0081%	8h	441.95	+0.011%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	442.14	+0.054%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.69	−0.048%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	442.11	+0.048%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.86	−0.009%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.78	−0.026%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	442.14	+0.054%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	442.13	+0.052%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	442.07	+0.038%	$1.5M	$473K	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	441.90	long leg	$498K	$176K	10x
Lighter RH TSM	+0.0032%	1h	441.82	−0.018%	$220K	$643K	10x	as long as short
Vest TSM-USD-PERPshort	+0.0046%	1h	441.63	−0.061%	—	$583	25x
tradeXYZ xyz:TSM	+0.0050%	1h	441.72	−0.041%	$10.2M	$2.2M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.80	−0.023%	$192K	$55K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	441.60	−0.068%	$139	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	441.63	−0.061%	$158K	$23K	10x	as long as short
Binance TSMUSDT	+0.0072%	8h	442.12	+0.050%	$13.0M	$7.3M	20x	as long as short
Extended TSM-USD	+0.0072%	1h	441.99	+0.020%	$6K	$195K	10x	as long as short
BloFin TSM-USDT	+0.0091%	8h	442.00	+0.023%	$45K	$99K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.48	−0.095%	$268K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.92	+0.005%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.79	−0.025%	$124	—	10x	as long as short
GRVT TSM_USDT_Perp	+0.0107%	8h	441.95	+0.012%	$10K	$1.2M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.251%	$368K	$102K	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.79	−0.025%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.310%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0747%	1h	441.98	+0.018%	$4	$24K	10x	as long as short