Funding you earn now, next payment 09:00 UTC−0.0541%/8h= −59.2% APRnext payment −$0.68 per $10,000 · paid last 24h −0.077%
Price spread now: Lighter RH against Deribit−0.016%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 437.95 | 0.0573 | pay 0.0072% / 1h | 24m 15s | $96 | $13K | 10x |
| Short | Lighter RH TSM | 437.88 | 0.0032 | get 0.0004% / 1h | 24m 15s | $202K | $743K | 10x |
Deribit TSM_USDC-PERPETUAL
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Deribit. 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
- −$113.54
- Price spread: −0.016% → 0.000%
- −$1.6
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$122.14
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Lighter RH: live order book, 8 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 8 min ago | 1.49 bp | 2.0 bp −$2 | 10.7 bp −$107 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0030% | 4h | 437.61 | −0.077% | $47K | $216K | 10x | as long as short |
| BloFin TSM-USDT | −0.0025% | 8h | 437.91 | −0.009% | $45K | $109K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.18 | +0.053% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 437.90 | −0.011% | $3K | $216K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 437.98 | +0.007% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.61 | −0.078% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 438.07 | +0.027% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.84 | −0.025% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 437.79 | −0.037% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 437.66 | −0.065% | $549K | $45K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit 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 | 437.83 | −0.028% | $13K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 438.13 | +0.041% | $2K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 437.70 | −0.057% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 438.17 | +0.050% | $1.5M | $537K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.69 | −0.059% | $493K | $189K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 437.88 | −0.016% | $202K | $743K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.04 | −0.208% | $371K | $92K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.52 | −0.098% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.64 | −0.071% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.72 | −0.053% | $189K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.42 | −0.121% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.71 | −0.055% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.45 | −0.114% | $265K | $345K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 437.85 | −0.023% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.97 | +0.005% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.57 | −0.087% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.370% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | +0.0573% | 1h | 437.95 | long leg | $96 | $13K | 10x |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
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