Funding you earn now, next payment 20:00 UTC+0.0272%/8hnext payment +$0.34 per $10,000 · paid last 24h +0.013%
Price spread now: Lighter against Aevo+0.152%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$8 a day on $10k at the current rate, and Lighter is 0.152% dearer against Aevo than usual: you sell high and buy low: +$15 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 | Aevo TSM-PERP | 445.37 | 0.0104 | pay 0.0013% / 1h | 2m 56s | $125 | — | 10x |
| Short | Lighter TSM | 446.05 | 0.0376 | get 0.0047% / 1h | 2m 56s | $504K | $159K | 10x |
Aevo TSM-PERP
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aevo. 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
- $57.12
- Price spread: +0.152% → 0.000%
- $15.16
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $56.28
- Costs to cover
- 0.160%
- Break-even
- 0.1 days
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 25 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 25 min ago | 8.86 bp | 10.4 bp −$10 | 33.2 bp −$332 | doesn't fit | doesn't fit |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0040% | 1h | 444.71 | −0.149% | $358K | $89K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.51 | +0.030% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.60 | +0.051% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.67 | +0.066% | $13.1M | $6.6M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.46 | +0.019% | $2.0M | $380K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.72 | +0.077% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.26 | −0.026% | $1.7M | $889K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.88 | −0.111% | $556K | $81K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.97 | −0.091% | $14K | $932K | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.26 | −0.026% | $2K | $5.3M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 444.96 | −0.093% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.20 | −0.039% | $1.5M | $445K | 10x | as long as short |
| BloFin TSM-USDT | +0.0012% | 8h | 445.33 | −0.010% | $45K | $102K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.64 | +0.060% | $206K | $672K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.06 | −0.071% | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.0048% | 8h | 445.34 | −0.008% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.26 | −0.026% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.97 | −0.091% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.23 | −0.033% | $152 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.42 | −0.214% | $158K | $18K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.36 | −0.003% | $273K | $325K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.37 | −0.001% | $21 | — | 10x | as long as short |
| Aevo TSM-PERPlong | +0.0104% | 1h | 445.37 | long leg | $125 | — | 10x | |
| Phoenix TSM | +0.0162% | 1h | 444.95 | −0.095% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.07 | +1.054% | $7K | $39K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0334% | 1h | 445.47 | +0.021% | $4 | $61K | 10x | as long as short |
| edgeX TSMUSDC | +0.0339% | 4h | 444.84 | −0.120% | $48K | $216K | 10x | as long as short |
| Lighter TSMshort | +0.0376% | 1h | 446.05 | +0.152% | $504K | $159K | 10x |
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
Bitget TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC