Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.030%
Price spread now: Lighter against KuCoin+0.127%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1881.875% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.127%, 7d avg +0.159%
=Together, before fees+0.204%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.159%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.199%, 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 | KuCoin TSMUSDTM | 447.31 | 0.0100 | pay 0.0100% / 8h | 7h 50m | $271K | $312K | 20x |
| Short | Lighter TSM | 447.88 | 0.0088 | get 0.0011% / 1h | 50m 03s | $505K | $166K | 10x |
KuCoin TSMUSDTM
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$2.52
- Price spread: +0.127% → +0.159%
- −$3.18
- Slippage, 4 orders
- −$175.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$193.21
- Costs to cover
- 1.875%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Lighter: live order book, 15 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 KuCoin live order book, 1 min ago | 16.89 bp | 108.6 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 15 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 | −0.0169% | 4h | 447.25 | −0.015% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.080% | $358K | $103K | 10x | as long as short |
| BloFin TSM-USDT | −0.0019% | 8h | 447.43 | +0.027% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.35 | +0.010% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.68 | +0.084% | $4K | $169K | 10x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.45 | +0.031% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.64 | +0.074% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.07 | −0.054% | $1.7M | $890K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 447.52 | +0.047% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.32 | +0.002% | $554K | $84K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.28 | −0.007% | $9K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.41 | +0.022% | $1K | $5.0M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 447.25 | −0.013% | $4 | $32K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.27 | −0.009% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.41 | +0.022% | $1.5M | $452K | 10x | as long as short |
| Binance TSMUSDT | +0.0003% | 8h | 447.76 | +0.101% | $13.2M | $6.9M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.50 | +0.042% | $226K | $625K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.32 | +0.002% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.48 | +0.038% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.15 | −0.036% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.05 | −0.058% | $143 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.09 | −0.049% | $159K | $19K | 10x | as long as short |
| Lighter TSMshort | +0.0088% | 1h | 447.88 | +0.127% | $505K | $166K | 10x | |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 447.31 | long leg | $271K | $312K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.33 | +0.004% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.34 | +0.007% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.20 | −0.025% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.76 | +0.995% | $7K | $38K | 12x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP