Funding you earn now, next payment 23:00 UTC+0.0488%/8h= +53.4% APRpaid last 24h +0.044%
Price spread now: Lighter against Bitget+0.132%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.132%, 7d avg +0.065%
=Together, before fees+0.290%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Lighter is 0.068% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 445.44 | 0 | get 0.0000% / 8h | 1h 31m | $1.6M | $1.5M | 20x |
| Short | Lighter TSM | 446.03 | 0.0488 | get 0.0061% / 1h | 31m 09s | $503K | $163K | 10x |
Bitget TSMUSDT
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $102.48
- Price spread: +0.132% → +0.065%
- $6.79
- Slippage, 4 orders
- −$24.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $73.13
- Costs to cover
- 0.361%
- Break-even
- 2.0 days
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 44 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 Bitget live order book, 1 min ago | 1.68 bp | 13.2 bp −$13 | 21.9 bp −$219 | 50.9 bp −$5,087 | doesn't fit |
| Sell Lighter live order book, 44 min ago | 0.11 bp | 2.1 bp −$2 | 24.3 bp −$243 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 445.56 | +0.027% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.62 | +0.040% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.70 | +0.058% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.40 | −0.009% | $2.0M | $420K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.63 | +0.043% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.25 | −0.043% | $1.7M | $921K | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 445.44 | long leg | $1.6M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 445.61 | +0.039% | $552K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.60 | +0.036% | $15K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.68 | +0.054% | $2K | $5.4M | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 445.39 | −0.011% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.06 | −0.085% | $1.5M | $468K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.189% | $356K | $96K | 10x | as long as short |
| BloFin TSM-USDT | +0.0015% | 8h | 445.70 | +0.058% | $44K | $104K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.81 | +0.083% | $225K | $597K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.49 | +0.011% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.40 | −0.009% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.50 | +0.013% | $196K | $91K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.39 | −0.011% | $147 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.11 | −0.074% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.19 | −0.056% | $270K | $338K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.62 | +0.040% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.72 | +0.062% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.61 | +0.038% | $217K | $5K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0199% | 1h | 445.59 | +0.034% | $4 | $61K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +1.004% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0488% | 1h | 446.03 | +0.132% | $503K | $163K | 10x | |
| edgeX TSMUSDC | +0.0848% | 4h | 445.63 | +0.043% | $48K | $215K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
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
Deribit TSM_USDC-PERPETUAL
Injective TSM/USDC PERP
edgeX TSMUSDC