Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.041%
Price spread now: Lighter against Extended+0.026%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days+0.360%+$36 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.026%, 7d avg +0.103%
=Together, before fees+0.460%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.077% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.103%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.360%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 440.02 | 0.0064 | pay 0.0008% / 1h | 56m 34s | $5K | $183K | 10x |
| Short | Lighter TSM | 440.13 | 0.0032 | get 0.0004% / 1h | 56m 34s | $496K | $137K | 10x |
Extended TSM-USD
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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: +0.026% → +0.103%
- −$7.74
- Slippage, 4 orders
- −$50.22
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$69.69
- Costs to cover
- 0.552%
- Break-even
- never at this rate
Slippage from Extended: live order book, 50 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 Extended live order book, 50 min ago | 1.59 bp | 9.4 bp −$9 | 119.9 bp −$1,199 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 44 min ago | 13.16 bp | 22.9 bp −$23 | 27.5 bp −$275 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0174% | 8h | 440.46 | +0.101% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.00 | −0.004% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.92 | −0.022% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.99 | −0.006% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.96 | −0.013% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.63 | +0.139% | $558K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.14 | +0.028% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.30 | +0.064% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.60 | +0.132% | $1.5M | $514K | 10x | as long as short |
| Lighter TSMshort | +0.0032% | 1h | 440.13 | +0.026% | $496K | $137K | 10x |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 RH TSM | +0.0032% | 1h | 440.04 | +0.005% | $225K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.55 | −0.106% | — | $1K | 25x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 440.13 | +0.026% | $45K | $105K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.156% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.57 | −0.102% | $10.2M | $1.8M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.73 | −0.065% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | −0.018% | $157K | $27K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0056% | 8h | 440.68 | +0.151% | $16K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 440.00 | −0.004% | $12.8M | $7.8M | 20x | as long as short |
| Extended TSM-USDlong | +0.0064% | 1h | 440.02 | long leg | $5K | $183K | 10x | |
| Polymarket Perps TSM-USD | +0.0069% | 1h | 439.83 | −0.043% | $192K | $63K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.83 | −0.043% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.13 | +0.026% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.12 | +0.024% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.19 | +0.039% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.203% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0294% | 4h | 440.51 | +0.111% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0523% | 1h | 440.09 | +0.016% | $97 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Binance TSMUSDT
Polymarket Perps TSM-USD
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL