Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.008%
Price spread now: Lighter RH against Bitget−0.009%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.009%, 7d avg +0.005%
=Together, before fees+0.026%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, 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 | Bitget TSMUSDT | 438.16 | 0 | get 0.0000% / 8h | 7h 46m | $1.8M | $1.5M | 20x |
| Short | Lighter RH TSM | 438.12 | 0.0032 | get 0.0004% / 1h | 46m 48s | $195K | $736K | 10x |
Bitget TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: −0.009% → +0.005%
- −$1.4
- Slippage, 4 orders
- −$16.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$22.82
- Costs to cover
- 0.281%
- Break-even
- 30.8 days
Slippage from Bitget: live order book, 5 min ago; Lighter RH: live order book, 51 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, 5 min ago | 4.68 bp | 11.5 bp −$11 | 28.6 bp −$286 | 66.5 bp −$6,646 | doesn't fit |
| Sell Lighter RH live order book, 51 min ago | 2.05 bp | 2.0 bp −$2 | 9.2 bp −$92 | 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 | −0.0348% | 4h | 438.10 | −0.014% | $47K | $217K | 10x | as long as short |
| BloFin TSM-USDT | −0.0014% | 8h | 438.36 | +0.046% | $45K | $108K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.53 | +0.085% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.93 | −0.052% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.11 | −0.011% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 438.05 | −0.025% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 438.16 | long leg | $1.8M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 438.04 | −0.027% | $551K | $43K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 437.98 | −0.041% | $7K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.22 | +0.014% | $1K | $4.0M | 10x | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster 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 | 438.05 | −0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.65 | +0.112% | $1.5M | $529K | 10x | as long as short |
| Binance TSMUSDT | +0.0013% | 8h | 438.11 | −0.011% | $12.8M | $8.1M | 20x | as long as short |
| Extended TSM-USD | +0.0016% | 1h | 438.03 | −0.031% | $3K | $219K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 438.07 | −0.021% | $493K | $189K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 438.12 | −0.009% | $195K | $736K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.77 | −0.089% | $370K | $100K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.99 | −0.039% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.70 | −0.105% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.50 | −0.151% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.71 | −0.103% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.07 | −0.021% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.79 | −0.084% | $265K | $325K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.07 | −0.021% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 438.15 | −0.002% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.95 | −0.048% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.321% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.1029% | 1h | 438.39 | +0.052% | $4 | $13K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDT
Extended TSM-USD
Lighter TSM
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