Funding you earn now, next payment 03:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h +0.011%
Price spread now: Lighter RH against edgeX0.000%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now 0.000%, 7d avg +0.034%
=Together, before fees+0.247%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.033% cheaper against edgeX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TSMUSDC | 443.21 | −0.0119 | get 0.0060% / 4h | 1h 05m | $48K | $216K | 10x |
| Short | Lighter RH TSM | 443.21 | 0.0032 | get 0.0004% / 1h | 5m 31s | $221K | $645K | 10x |
edgeX TSMUSDC
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $31.72
- Price spread: 0.000% → +0.034%
- −$3.34
- Slippage, 4 orders
- −$16.07
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $3.3
- Costs to cover
- 0.251%
- Break-even
- 6.3 days
Slippage from edgeX: live order book, 56 min ago; Lighter RH: live order book, 57 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, 56 min ago | 5.19 bp | 9.9 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 57 min ago | 2.48 bp | 2.6 bp −$3 | 8.2 bp −$82 | 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 TSMUSDClong | −0.0119% | 4h | 443.21 | long leg | $48K | $216K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 443.51 | +0.068% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.00 | −0.047% | $2.0M | $382K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.11 | −0.022% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.08 | −0.029% | $1.7M | $962K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.45 | +0.055% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.27 | +0.014% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.35 | +0.032% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.21 | 0.000% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.39 | +0.041% | $1.5M | $446K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 443.50 | +0.066% | $500K | $173K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 443.21 | 0.000% | $221K | $645K | 10x | |
| Extended TSM-USD | +0.0040% | 1h | 443.18 | −0.007% | $2K | $189K | 10x | as long as short |
| BloFin TSM-USDT | +0.0041% | 8h | 443.33 | +0.027% | $45K | $98K | 20x | as long as short |
| Binance TSMUSDT | +0.0045% | 8h | 443.33 | +0.027% | $13.0M | $6.8M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.86 | −0.079% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.98 | −0.051% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.08 | −0.029% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.91 | −0.067% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.72 | −0.110% | $158K | $23K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0088% | 8h | 443.33 | +0.028% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.93 | −0.063% | $268K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.25 | +0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.25 | +0.010% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.036% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.70 | +0.111% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.185% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0472% | 1h | 443.24 | +0.007% | $4 | $24K | 10x | as long as short |
Lighter TSM
Extended TSM-USD
BloFin TSM-USDT
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL