Funding you earn now, next payment 00:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.055%
Price spread now: Lighter against Bybit+0.177%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 7 days+0.405%+$41 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.177%, 7d avg +0.117%
=Together, before fees+0.321%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.060% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.117%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 446.19 | 0 | get 0.0000% / 8h | 25m 39s | $2.0M | $415K | 50x |
| Short | Lighter TSM | 446.98 | 0.0280 | get 0.0035% / 1h | 25m 39s | $504K | $166K | 10x |
Bybit TSMUSDT
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $58.8
- Price spread: +0.177% → +0.117%
- $5.97
- Slippage, 4 orders
- −$41.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $12.52
- Costs to cover
- 0.523%
- Break-even
- 5.5 days
Slippage from Bybit: 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 Bybit live order book, 1 min ago | 1.79 bp | 16.4 bp −$16 | 74.8 bp −$748 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 44 min ago | 8.28 bp | 17.4 bp −$17 | 30.2 bp −$302 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.18 | −0.002% | $357K | $97K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 446.46 | +0.061% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.40 | +0.047% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.45 | +0.059% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.54 | +0.077% | $13.2M | $6.7M | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 446.19 | long leg | $2.0M | $415K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.47 | +0.063% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.16 | −0.007% | $1.7M | $908K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.43 | +0.054% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.47 | +0.062% | $553K | $84K | — | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance 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 | 446.47 | +0.063% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.49 | +0.067% | $2K | $5.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 446.34 | +0.034% | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.49 | +0.067% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.04 | −0.258% | $1.5M | $452K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.63 | +0.099% | $224K | $591K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.42 | +0.052% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.21 | +0.004% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.27 | +0.018% | $196K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.21 | +0.004% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.26 | +0.016% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.02 | −0.038% | $271K | $321K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.44 | +0.056% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.48 | +0.065% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.31 | +0.027% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +1.015% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0280% | 1h | 446.98 | +0.177% | $504K | $166K | 10x | |
| edgeX TSMUSDC | +0.0598% | 4h | 446.44 | +0.055% | $48K | $214K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
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
Injective TSM/USDC PERP
edgeX TSMUSDC