TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.009%

Price spread now: SoDEX against Lighter RH−0.065%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 0.065% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 12 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	444.07	0.0032	pay 0.0004% / 1h	24m 17s	$221K	$645K	10x
Short	SoDEX TSM-USD	443.78	0.0050	get 0.0006% / 1h	24m 17s	$135	$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 −0.065%Rate

Funding earned: $3.78
Price spread: −0.065% → 0.000%: −$6.53
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.75
Costs to cover: 0.080%
Break-even: 26.9 days

Slippage unknown: Lighter RH: live order book, 38 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, 38 min ago	2.48 bp	2.8 bp −$3	15.1 bp −$151	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
Aster TSMUSDT	0.0000%	8h	444.32	+0.056%	$82K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	443.90	−0.038%	$2.0M	$392K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	444.03	−0.009%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.90	−0.038%	$1.7M	$958K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	444.07	0.000%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.96	−0.024%	$550K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	444.10	+0.007%	$2K	$4.4M	10x	as long as short
Deribit TSM_USDC-PERPETUAL	0.0000%	1h	443.92	−0.034%	$4	$24K	10x	as long as short
HTX TSM-USDT	0.0000%	8h	443.92	−0.034%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	444.26	+0.043%	$1.5M	$445K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSM	+0.0032%	1h	444.37	+0.068%	$501K	$173K	10x	as long as short
Lighter RH TSMlong	+0.0032%	1h	444.07	long leg	$221K	$645K	10x
Binance TSMUSDT	+0.0037%	8h	444.11	+0.009%	$13.0M	$6.8M	20x	as long as short
Extended TSM-USD	+0.0040%	1h	444.00	−0.017%	$1K	$191K	10x	as long as short
BloFin TSM-USDT	+0.0040%	8h	443.99	−0.018%	$45K	$98K	20x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	443.74	−0.074%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	443.65	−0.095%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	443.81	−0.059%	$197K	$51K	10x	as long as short
SoDEX TSM-USDshort	+0.0050%	1h	443.78	−0.065%	$135	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	443.38	−0.155%	$159K	$23K	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	443.93	−0.032%	$270K	$320K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	444.02	−0.011%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	444.06	−0.003%	$124	—	10x	as long as short
GRVT TSM_USDT_Perp	+0.0111%	8h	443.98	−0.020%	$9K	$1.1M	10x	as long as short
edgeX TSMUSDC	+0.0113%	4h	443.96	−0.024%	$48K	$215K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.28	−0.178%	$370K	$107K	10x	as long as short
Phoenix TSM	+0.0217%	1h	443.71	−0.081%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	448.49	+0.995%	$7K	$38K	12x	as long as short