Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.025%
Price spread now: Lighter RH against Binance+0.016%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 2 days (all we have)+0.040%+$4 · spread now +0.016%, 7d avg +0.032%
=Together, before fees+0.378%+ Points / potential airdropLighter RH: Points live · farm board+$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$1 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 | 445.09 | 0 | get 0.0000% / 8h | 2h 01m | $13.1M | $6.9M | 20x |
| Short | Lighter RH TSM | 445.16 | 0.0032 | get 0.0004% / 1h | 1m 06s | $224K | $685K | 10x |
Binance TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.016% → +0.032%
- −$1.66
- Slippage, 4 orders
- −$14.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$19.88
- Costs to cover
- 0.249%
- Break-even
- 27.7 days
Slippage from Binance: live order book, 9 min ago; Lighter RH: live order book, 21 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, 9 min ago | 0.45 bp | 10.9 bp −$11 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 21 min ago | 2.25 bp | 2.8 bp −$3 | 8.9 bp −$89 | doesn't fit | doesn't fit |
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 | −0.0372% | 4h | 445.10 | +0.001% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0029% | 8h | 445.12 | +0.007% | $44K | $105K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.04 | −0.012% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.04 | −0.011% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDTlong | 0.0000% | 8h | 445.09 | long leg | $13.1M | $6.9M | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 444.86 | −0.052% | $2.0M | $419K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.99 | −0.022% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.82 | −0.061% | $1.7M | $924K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 445.05 | −0.009% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.10 | +0.003% | $551K | $85K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.14 | +0.011% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.07 | −0.004% | $2K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.91 | −0.040% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.90 | −0.043% | $1.5M | $465K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.60 | −0.110% | $356K | $96K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 445.16 | +0.016% | $224K | $685K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.90 | −0.043% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.76 | −0.074% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.94 | −0.034% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.74 | −0.079% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.02 | −0.016% | $158K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.70 | −0.088% | $269K | $341K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.11 | +0.004% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.25 | +0.036% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0180% | 1h | 445.03 | −0.013% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 468.41 | +5.239% | $7K | $39K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0244% | 1h | 445.11 | +0.004% | $4 | $61K | 10x | as long as short |
| Lighter TSM | +0.0672% | 1h | 445.89 | +0.180% | $503K | $161K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM