TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.016%

Price spread now: Aevo against Lighter−0.033%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 Aevo

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Aevo is 0.033% cheaper against Lighter than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSM	439.57	0.0032	pay 0.0004% / 1h	56m 30s	$495K	$185K	10x
Short	Aevo TSM-PERP	439.43	0.0104	get 0.0013% / 1h	56m 30s	$123	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.033%Rate

Funding earned: $15.12
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.16
Costs to cover: 0.160%
Break-even: 8.9 days

Slippage unknown: Lighter: live order book, 38 min ago; Aevo: 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, 38 min ago	16.60 bp	16.8 bp −$17	21.0 bp −$210	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
edgeX TSMUSDC	−0.0951%	4h	439.73	+0.036%	$47K	$215K	10x	as long as short
Bitget TSMUSDT	−0.0167%	8h	439.82	+0.057%	$1.7M	$1.5M	20x	as long as short
tradeXYZ xyz:TSM	−0.0021%	1h	439.06	−0.116%	$10.1M	$1.8M	10x	as long as short
Aster TSMUSDT	0.0000%	8h	439.56	−0.002%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	439.42	−0.034%	$2.0M	$400K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	439.59	+0.005%	$4.0M	$2.6M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	439.41	−0.036%	$1.7M	$1.1M	100x	as long as short
Variational Omni TSM	0.0000%	8h	439.72	+0.034%	$559K	$38K	—	as long as short
SunX TSM-USDT	0.0000%	8h	439.57	0.000%	$1K	$4.1M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	439.71	+0.032%	$9K	$8K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSMUSDT	0.0000%	8h	440.45	+0.200%	$1.5M	$525K	10x	as long as short
Lighter TSMlong	+0.0032%	1h	439.57	long leg	$495K	$185K	10x
Lighter RH TSM	+0.0032%	1h	439.36	−0.048%	$221K	$720K	10x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	439.21	−0.082%	—	$2K	25x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0046%	1h	439.45	−0.027%	$4	$25K	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	439.37	−0.045%	$190K	$68K	10x	as long as short
SoDEX TSM-USD	+0.0050%	1h	439.29	−0.064%	$138	$3K	10x	as long as short
Ondo Perps TSM-USD.P	+0.0050%	1h	439.18	−0.089%	$158K	$27K	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0056%	1h	439.33	−0.055%	$366K	$99K	10x	as long as short
Binance TSMUSDT	+0.0062%	8h	439.58	+0.001%	$12.9M	$8.0M	20x	as long as short
Extended TSM-USD	+0.0064%	1h	439.41	−0.035%	$3K	$142K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0076%	8h	439.82	+0.057%	$6K	$1.3M	10x	as long as short
BloFin TSM-USDT	+0.0084%	8h	439.60	+0.007%	$45K	$106K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	439.30	−0.061%	$266K	$309K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	439.48	−0.020%	$21	—	10x	as long as short
Aevo TSM-PERPshort	+0.0104%	1h	439.43	−0.033%	$123	—	10x
Phoenix TSM	+0.0164%	1h	439.57	0.000%	$214K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	444.18	+1.049%	$6K	$38K	12x	as long as short