Funding you earn now, next payment 12:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.007%
Price spread now: Lighter RH against BloFin+0.034%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.034%, 7d avg +0.016%
=Together, before fees+0.101%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TSM-USDT | 441.68 | 0.0146 | pay 0.0146% / 8h | 4h 47m | $46K | $121K | 20x |
| Short | Lighter RH TSM | 441.83 | 0.0120 | get 0.0015% / 1h | 47m 08s | $200K | $564K | 10x |
BloFin TSM-USDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against BloFin. 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
- −$5.39
- Price spread: +0.034% → +0.016%
- $1.84
- Slippage, 4 orders
- −$13.69
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$29.25
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 48 min ago; Lighter RH: 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 BloFin live order book, 48 min ago | 0.68 bp | 9.7 bp −$10 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 58 min ago | 1.81 bp | 2.4 bp −$2 | 8.3 bp −$83 | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0465% | 4h | 441.58 | −0.024% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0080% | 1h | 440.89 | −0.179% | $372K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.76 | +0.018% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.38 | −0.068% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.66 | −0.005% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.63 | −0.011% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.86 | +0.041% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.89 | +0.048% | $1K | $3.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.68 | 0.000% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.24 | −0.100% | $1.5M | $572K | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 441.74 | +0.014% | $497K | $139K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 446.84 | +1.168% | $7K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.51 | −0.038% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.26 | −0.095% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.44 | −0.054% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.22 | −0.104% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.02 | +0.077% | $161K | $36K | 10x | as long as short |
| Variational Omni TSM | +0.0066% | 8h | 442.00 | +0.073% | $550K | $47K | — | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.31 | −0.084% | $268K | $504K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.61 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.44 | −0.055% | $124 | — | 10x | as long as short |
| Lighter RH TSMshort | +0.0120% | 1h | 441.83 | +0.034% | $200K | $564K | 10x | |
| Extended TSM-USD | +0.0136% | 1h | 441.65 | −0.007% | $6K | $222K | 10x | as long as short |
| Binance TSMUSDT | +0.0139% | 8h | 441.73 | +0.011% | $13.2M | $8.9M | 20x | as long as short |
| BloFin TSM-USDTlong | +0.0146% | 8h | 441.68 | long leg | $46K | $121K | 20x | |
| Phoenix TSM | +0.0217% | 1h | 441.76 | +0.018% | $206K | $14K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0336% | 8h | 441.61 | −0.016% | $13K | $1.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0906% | 1h | 441.67 | −0.002% | $88 | $9K | 10x | as long as short |
Lighter TSM
Injective TSM/USDC PERP
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Variational Omni TSM
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Extended TSM-USD
Binance TSMUSDT
Phoenix TSM
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL