TSM funding rate on Lighter
Over the last 30 days, TSM funding on Lighter averaged +4.2% APR and stayed positive 99.9% of the time, ranging from -1.7% to +188.6%. Right now it pays longs pay shorts at +3.5% APR, settled every 1h across 12 venues we track. The most reliable delta-neutral pairing for TSM right now is long Variational / short Phoenix at +24.1% net APR (low risk, ~1.1d to break even).
TSM funding history on Lighterlast 30d
- Backtested (30d)
- +13.1%
- Stability
- 85.4%
- Risk
- low
- Breakeven
- ~1.8d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
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How TSM funding compares across venues
| Exchange | Funding APR |
|---|---|
| Phoenix | +28.00% |
| TxFlow | +11.41% |
| Grvt | +10.95% |
| Lighter RH | +10.51% |
| Ondo | +5.52% |
| TradeXYZ | +5.48% |
| Polymarket | +5.47% |
| SoDEX | +5.47% |
| Lighter | +3.50% |
| Variational | +0.00% |
| Aster | +0.00% |
| Extended | +0.00% |
Frequently asked
What is the current TSM funding rate on Lighter?
TSM on Lighter is funding at 3.50% APR (0.0004% every 1h), paid longs pay shorts, as of 2026-10-28 10:20 UTC.
How often does Lighter pay funding on TSM?
Every 1 hour.
How do I earn TSM funding without price risk?
Open a delta-neutral position: long Lighter and short Phoenix, currently 20.0% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.