Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.060%
Price spread now: Lighter against GRVT+0.136%48s7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as 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−$470.475% of the position
Funding, last 7 days+0.387%+$39 on $10k
+Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.136%, 7d avg +0.096%
=Together, before fees+0.306%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.040% dearer against GRVT than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.096%. The two prices were read 48 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 | GRVT TSM_USDT_Perp | 447.37 | 0 | get 0.0000% / 8h | 7h 36m | $9K | $1.1M | 10x |
| Short | Lighter TSM | 447.98 | 0.0232 | get 0.0029% / 1h | 36m 23s | $506K | $166K | 10x |
GRVT TSM_USDT_Perp
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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
- $48.72
- Price spread: +0.136% → +0.096%
- $4.04
- Slippage, 4 orders
- −$38.46
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.3
- Costs to cover
- 0.475%
- Break-even
- 6.2 days
Slippage from GRVT: live order book, 2 min ago; Lighter: live order book, 29 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 GRVT live order book, 2 min ago | 1.23 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0459% | 4h | 447.23 | −0.031% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.094% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDT | −0.0004% | 8h | 447.44 | +0.016% | $45K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.33 | −0.009% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.34 | −0.006% | $6K | $176K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.39 | +0.004% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.17 | −0.045% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.42 | +0.011% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.14 | −0.051% | $1.7M | $906K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.21 | −0.036% | $554K | $84K | — | as long as short |
edgeX TSMUSDC
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 TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perplong | 0.0000% | 8h | 447.37 | long leg | $9K | $1.1M | 10x | |
| SunX TSM-USDT | 0.0000% | 8h | 447.39 | +0.004% | $1K | $5.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.26 | −0.025% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.37 | 0.000% | $1.5M | $452K | 10x | as long as short |
| Bitget TSMUSDT | +0.0010% | 8h | 447.40 | +0.007% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.43 | +0.013% | $230K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.19 | −0.040% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.13 | −0.054% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.20 | −0.038% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.97 | −0.089% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.00 | −0.083% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.95 | −0.094% | $272K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.33 | −0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.29 | −0.019% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.08 | −0.065% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.06 | +1.048% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0232% | 1h | 447.98 | +0.136% | $506K | $166K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0376% | 1h | 447.32 | −0.011% | $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