Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.024%
Price spread now: Lighter RH against Bybit+0.063%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.063%, 7d avg +0.063%
=Together, before fees−0.006%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.063%, 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 | Bybit TSMUSDT | 445.81 | 0 | get 0.0000% / 8h | 1h 07m | $2.0M | $423K | 50x |
| Short | Lighter RH TSM | 446.09 | 0.0032 | get 0.0004% / 1h | 7m 27s | $225K | $602K | 10x |
Bybit TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.063% → +0.063%
- $0.02
- Slippage, 4 orders
- −$17.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.83
- Costs to cover
- 0.286%
- Break-even
- 29.7 days
Slippage from Bybit: live order book, 4 min ago; Lighter RH: live order book, 10 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, 4 min ago | 1.23 bp | 13.3 bp −$13 | 57.2 bp −$572 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 10 min ago | 1.68 bp | 2.0 bp −$2 | 6.7 bp −$67 | 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 | −0.0208% | 4h | 446.21 | +0.089% | $48K | $214K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.99 | +0.039% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.12 | +0.069% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.20 | +0.088% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 445.81 | long leg | $2.0M | $423K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.09 | +0.063% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.97 | +0.036% | $1.7M | $924K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.08 | +0.061% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.20 | +0.089% | $553K | $85K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.20 | +0.087% | $5K | $1.1M | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 446.23 | +0.094% | $2K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.04 | +0.052% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.03 | −0.175% | $1.5M | $473K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.271% | $356K | $96K | 10x | as long as short |
| BloFin TSM-USDT | +0.0029% | 8h | 446.23 | +0.094% | $44K | $105K | 20x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 446.09 | +0.063% | $225K | $602K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.83 | +0.004% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.76 | −0.011% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.79 | −0.004% | $196K | $91K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.89 | +0.018% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.66 | −0.034% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.61 | −0.045% | $270K | $327K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.05 | +0.054% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.17 | +0.080% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 446.11 | +0.067% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +0.920% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0356% | 1h | 446.12 | +0.070% | $4 | $61K | 10x | as long as short |
| Lighter TSM | +0.0384% | 1h | 446.57 | +0.170% | $504K | $167K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
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