TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.047%

Price spread now: Lighter against SoDEX+0.093%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Lighter

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 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.093% dearer against SoDEX than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TSM-USD	441.48	0.0050	pay 0.0006% / 1h	11m 04s	$139	$3K	10x
Short	Lighter TSM	441.89	0.0032	get 0.0004% / 1h	11m 04s	$498K	$176K	10x

Funding 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 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$3.78
Price spread: +0.093% → 0.000%: $9.29
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.49
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 39 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, 39 min ago	6.55 bp	21.8 bp −$22	28.3 bp −$283	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
edgeX TSMUSDC	−0.0522%	4h	441.68	+0.044%	$48K	$217K	10x	as long as short
Bitget TSMUSDT	−0.0084%	8h	441.93	+0.102%	$1.8M	$1.5M	20x	as long as short
Aster TSMUSDT	0.0000%	8h	441.93	+0.103%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.59	+0.025%	$2.0M	$395K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.88	+0.091%	$4.0M	$2.5M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.71	+0.052%	$1.7M	$1.0M	100x	as long as short
Variational Omni TSM	0.0000%	8h	441.78	+0.069%	$547K	$40K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.89	+0.093%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.50	+0.005%	$9K	$8K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	442.02	+0.122%	$1.5M	$472K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TSMshort	+0.0032%	1h	441.89	+0.093%	$498K	$176K	10x
Lighter RH TSM	+0.0032%	1h	441.74	+0.059%	$220K	$643K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	441.45	−0.007%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.55	+0.016%	$10.2M	$2.1M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	441.49	+0.002%	$194K	$53K	10x	as long as short
SoDEX TSM-USDlong	+0.0050%	1h	441.48	long leg	$139	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	441.61	+0.029%	$158K	$23K	10x	as long as short
Binance TSMUSDT	+0.0070%	8h	441.98	+0.114%	$13.0M	$7.3M	20x	as long as short
Extended TSM-USD	+0.0072%	1h	441.71	+0.053%	$6K	$195K	10x	as long as short
BloFin TSM-USDT	+0.0091%	8h	442.00	+0.118%	$45K	$99K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.44	−0.009%	$268K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.73	+0.057%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	441.74	+0.058%	$124	—	10x	as long as short
GRVT TSM_USDT_Perp	+0.0118%	8h	441.71	+0.052%	$11K	$1.2M	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0120%	1h	440.79	−0.156%	$368K	$102K	10x	as long as short
Phoenix TSM	+0.0199%	1h	441.55	+0.016%	$215K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	447.69	+1.407%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0316%	1h	441.69	+0.048%	$4	$24K	10x	as long as short