Funding you earn now, next payment 01:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.001%
Price spread now: Lighter against edgeX+0.143%49s7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.519%+$52 on $10k
+Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.143%, 7d avg +0.086%
=Together, before fees+0.415%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.057% dearer against edgeX than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.086%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.519%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 447.28 | 0.0389 | pay 0.0194% / 4h | 3h 32m | $48K | $216K | 10x |
| Short | Lighter TSM | 447.92 | 0.0256 | get 0.0032% / 1h | 32m 38s | $505K | $166K | 10x |
edgeX TSMUSDC
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$27.87
- Price spread: +0.143% → +0.086%
- $5.67
- Slippage, 4 orders
- −$36.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$67.63
- Costs to cover
- 0.454%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 39 min ago; Lighter: live order book, 32 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 edgeX live order book, 39 min ago | 5.26 bp | 10.0 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 32 min ago | 8.38 bp | 17.1 bp −$17 | 30.0 bp −$300 | 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 | 446.95 | −0.074% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 447.27 | −0.002% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.16 | −0.028% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.19 | −0.021% | $3K | $202K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.28 | 0.000% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.05 | −0.052% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.34 | +0.013% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.90 | −0.085% | $1.7M | $908K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.36 | +0.018% | $554K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.35 | +0.015% | $9K | $1.1M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 447.31 | +0.007% | $2K | $5.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.14 | −0.031% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.21 | −0.016% | $1.5M | $451K | 10x | as long as short |
| Bitget TSMUSDT | +0.0006% | 8h | 447.24 | −0.009% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.31 | +0.007% | $231K | $638K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.16 | −0.027% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.93 | −0.078% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.09 | −0.043% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.89 | −0.087% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.09 | −0.043% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.84 | −0.099% | $271K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.20 | −0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.16 | −0.026% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.34 | +0.013% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.79 | +1.008% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0256% | 1h | 447.92 | +0.143% | $505K | $166K | 10x | |
| edgeX TSMUSDClong | +0.0389% | 4h | 447.28 | long leg | $48K | $216K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0444% | 1h | 447.18 | −0.022% | $4 | $32K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Bitget 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
Deribit TSM_USDC-PERPETUAL