TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.003%

Price spread now: Lighter RH against SoDEX+0.070%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 RH

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Lighter RH is 0.070% dearer against SoDEX than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TSM-USD	441.58	0.0050	pay 0.0006% / 1h	1m 48s	$137	$3K	10x
Short	Lighter RH TSM	441.89	0.0032	get 0.0004% / 1h	1m 48s	$199K	$747K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$3.78
Price spread: +0.070% → 0.000%: $7.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.76
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Lighter RH: live order book, 48 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 RH live order book, 48 min ago	2.50 bp	2.9 bp −$3	10.7 bp −$107	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 exchanges

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	−0.0764%	4h	441.50	−0.018%	$48K	$217K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.0016%	1h	441.41	−0.038%	$373K	$102K	10x	as long as short
Aster TSMUSDT	0.0000%	8h	441.80	+0.050%	$82K	$2K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	441.85	+0.061%	$2.0M	$396K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	441.71	+0.029%	$4.1M	$2.8M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	441.57	−0.002%	$1.7M	$1.1M	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	441.89	+0.070%	$1.8M	$1.5M	20x	as long as short
Variational Omni TSM	0.0000%	8h	441.52	−0.013%	$553K	$44K	—	as long as short
SunX TSM-USDT	0.0000%	8h	441.95	+0.084%	$1K	$3.8M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	441.76	+0.041%	$9K	$8K	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TSMUSDT	0.0000%	8h	441.30	−0.063%	$1.5M	$554K	10x	as long as short
Lighter TSM	+0.0032%	1h	441.88	+0.068%	$498K	$144K	10x	as long as short
Lighter RH TSMshort	+0.0032%	1h	441.89	+0.070%	$199K	$747K	10x
Vest TSM-USD-PERP	+0.0046%	1h	441.71	+0.029%	—	$2K	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	441.46	−0.027%	$10.1M	$2.0M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	442.23	+0.147%	$187K	$71K	10x	as long as short
SoDEX TSM-USDlong	+0.0050%	1h	441.58	long leg	$137	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	441.39	−0.043%	$158K	$29K	10x	as long as short
Extended TSM-USD	+0.0064%	1h	441.79	+0.048%	$1K	$217K	10x	as long as short
Binance TSMUSDT	+0.0067%	8h	441.93	+0.079%	$13.0M	$8.5M	20x	as long as short
BloFin TSM-USDT	+0.0088%	8h	441.46	−0.027%	$45K	$114K	20x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	441.50	−0.018%	$268K	$430K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	441.86	+0.063%	$21	—	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	442.05	+0.107%	$124	—	10x	as long as short
Phoenix TSM	+0.0145%	1h	441.38	−0.045%	$209K	$10K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	443.95	+0.537%	$6K	$38K	12x	as long as short
GRVT TSM_USDT_Perp	+0.0249%	8h	441.25	−0.076%	$8K	$1.3M	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0565%	1h	441.81	+0.052%	$4	$10K	10x	as long as short