Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.055%
Price spread now: Lighter against Binance+0.097%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days+0.658%+$66 on $10k
+Price spread, last 2 days (all we have)+0.011%+$1 · spread now +0.097%, 7d avg +0.086%
=Together, before fees+0.669%+ Points / potential airdropLighter: Season 3 · farm board+$67 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 443.52 | 0.0041 | pay 0.0041% / 8h | 6h 02m | $13.0M | $6.7M | 20x |
| Short | Lighter TSM | 443.95 | 0.0376 | get 0.0047% / 1h | 2m 12s | $501K | $172K | 10x |
Binance TSMUSDT
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $70.4
- Price spread: +0.097% → +0.086%
- $1.1
- Slippage, 4 orders
- −$41.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $19.64
- Costs to cover
- 0.519%
- Break-even
- 5.0 days
Slippage from Binance: live order book, 8 min ago; Lighter: live order book, 58 min ago.
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 Binance live order book, 8 min ago | 1.24 bp | 10.4 bp −$10 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 58 min ago | 8.70 bp | 23.7 bp −$24 | 39.5 bp −$395 | doesn't fit | doesn't fit |
TSM on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 443.68 | +0.036% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.18 | −0.077% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.40 | −0.027% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.26 | −0.059% | $1.7M | $1.0M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.52 | 0.000% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.48 | −0.010% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.55 | +0.007% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.50 | −0.005% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.66 | +0.032% | $1.5M | $440K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 443.28 | −0.054% | $370K | $107K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTXShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 443.44 | −0.018% | $221K | $645K | 10x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 443.41 | −0.024% | $4K | $195K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0041% | 8h | 443.52 | long leg | $13.0M | $6.7M | 20x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.99 | −0.119% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.05 | −0.106% | $10.2M | $2.3M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.98 | −0.122% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.06 | −0.104% | $159K | $23K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0053% | 1h | 443.16 | −0.081% | $196K | $51K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.11 | −0.092% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.45 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.46 | −0.014% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 443.39 | −0.029% | $216K | $5K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0185% | 8h | 443.53 | +0.003% | $9K | $1.1M | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.346% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0376% | 1h | 443.95 | +0.097% | $501K | $172K | 10x | |
| edgeX TSMUSDC | +0.0408% | 4h | 443.69 | +0.038% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0789% | 1h | 443.40 | −0.027% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Extended TSM-USD
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
GRVT TSM_USDT_Perp
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL