Funding you earn now, next payment 04:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h +0.013%
Price spread now: Lighter RH against GRVT−0.045%79s7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as 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−$230.227% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.045%, 7d avg +0.014%
=Together, before fees+0.177%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.059% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you. The two prices were read 79 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 | 441.74 | 0.0146 | pay 0.0146% / 8h | 4h 17m | $11K | $1.2M | 10x |
| Short | Lighter RH TSM | 441.54 | 0.0032 | get 0.0004% / 1h | 17m 51s | $220K | $643K | 10x |
GRVT TSM_USDT_Perp
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$23.94
- Price spread: −0.045% → +0.014%
- −$5.92
- Slippage, 4 orders
- −$13.68
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$52.54
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from GRVT: live order book, just now; Lighter RH: live order book, 40 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, just now | 1.59 bp | 6.1 bp −$6 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 40 min ago | 1.58 bp | 1.6 bp −$2 | 10.1 bp −$101 | 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 | −0.0176% | 4h | 441.66 | −0.017% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0077% | 8h | 441.92 | +0.041% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.94 | +0.045% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.59 | −0.034% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.64 | −0.023% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.54 | −0.045% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.83 | +0.021% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.65 | −0.020% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.47 | −0.061% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.76 | +0.005% | $1.5M | $469K | 10x | as long as short |
edgeX TSMUSDC
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 TSM | +0.0032% | 1h | 441.87 | +0.029% | $497K | $176K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 441.54 | −0.045% | $220K | $643K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.37 | −0.084% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.37 | −0.084% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.38 | −0.081% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.32 | −0.095% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.15 | −0.134% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0064% | 8h | 442.03 | +0.066% | $45K | $99K | 20x | as long as short |
| Binance TSMUSDT | +0.0079% | 8h | 441.70 | −0.009% | $13.0M | $7.2M | 20x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 441.58 | −0.036% | $1K | $190K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0090% | 1h | 441.65 | −0.020% | $4 | $24K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.39 | −0.079% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.64 | −0.023% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.58 | −0.036% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.215% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perplong | +0.0146% | 8h | 441.74 | long leg | $11K | $1.2M | 10x | |
| Phoenix TSM | +0.0199% | 1h | 441.72 | −0.005% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.347% | $7K | $38K | 12x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
Binance TSMUSDT
Extended TSM-USD
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP