Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.015%
Price spread now: Lighter RH against Gate+0.036%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.036%, 7d avg +0.077%
=Together, before fees+0.050%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.077%). If the spread goes back, that is −$4 on $10k: about 4.3 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 441.77 | 0 | get 0.0000% / 8h | 5h 28m | $1.7M | $1.1M | 100x |
| Short | Lighter RH TSM | 441.93 | 0.0032 | get 0.0004% / 1h | 28m 10s | $198K | $687K | 10x |
Gate TSM_USDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Gate. 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: +0.036% → +0.077%
- −$4.1
- Slippage, 4 orders
- −$20.1
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$32.48
- Costs to cover
- 0.351%
- Break-even
- 40.8 days
Slippage from Gate: live order book, 3 min ago; Lighter RH: live order book, 17 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 Gate live order book, 3 min ago | 5.44 bp | 13.6 bp −$14 | 97.1 bp −$971 | 151.8 bp −$15.2K | doesn't fit |
| Sell Lighter RH live order book, 17 min ago | 1.81 bp | 2.4 bp −$2 | 8.3 bp −$83 | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0201% | 4h | 441.70 | −0.015% | $48K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.091% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.11 | +0.076% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.76 | −0.002% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.78 | +0.002% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 441.77 | long leg | $1.7M | $1.1M | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 441.96 | +0.043% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.93 | +0.036% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.80 | +0.007% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.38 | −0.088% | $1.5M | $566K | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSM | +0.0032% | 1h | 442.12 | +0.079% | $498K | $143K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 441.93 | +0.036% | $198K | $687K | 10x | |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.493% | $6K | $38K | 12x | as long as short |
| Variational Omni TSM | +0.0040% | 8h | 441.71 | −0.014% | $554K | $44K | — | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.38 | −0.088% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.55 | −0.050% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.60 | −0.038% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.47 | −0.068% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.27 | −0.113% | $156K | $33K | 10x | as long as short |
| BloFin TSM-USDT | +0.0085% | 8h | 442.03 | +0.059% | $46K | $117K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.69 | −0.018% | $268K | $465K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.75 | −0.005% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.86 | +0.020% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0110% | 8h | 441.93 | +0.036% | $13.0M | $8.6M | 20x | as long as short |
| Extended TSM-USD | +0.0112% | 1h | 441.72 | −0.010% | $5K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0180% | 1h | 441.83 | +0.014% | $97 | $10K | 10x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 441.96 | +0.043% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0335% | 8h | 442.20 | +0.098% | $8K | $1.3M | 10x | as long as short |
Lighter TSM
Injective TSM/USDC PERP
Variational Omni TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Binance TSMUSDT
Extended TSM-USD
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
GRVT TSM_USDT_Perp