Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.034%
Price spread now: Bitget against Lighter+0.078%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.078%, 7d avg −0.063%
=Together, before fees−0.510%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.140% dearer against Lighter than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.063%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.346% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 437.64 | 0.0032 | pay 0.0004% / 1h | 54m 53s | $493K | $189K | 10x |
| Short | Bitget TSMUSDT | 437.98 | 0 | get 0.0000% / 8h | 7h 54m | $1.8M | $1.5M | 20x |
Lighter TSM
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: +0.078% → −0.063%
- $14.02
- Slippage, 4 orders
- −$39.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$44.63
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 35 min ago; Bitget: live order book, 2 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 Lighter live order book, 35 min ago | 11.59 bp | 14.2 bp −$14 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.28 bp | 8.4 bp −$8 | 12.7 bp −$127 | 42.0 bp −$4,199 | 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 | −0.0768% | 4h | 439.45 | +0.414% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.38 | +0.170% | $81K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.23 | −0.094% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 437.30 | −0.078% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.79 | +0.034% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDTshort | 0.0000% | 8h | 437.98 | +0.078% | $1.8M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 439.14 | +0.342% | $553K | $43K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 439.46 | +0.416% | $7K | $1.3M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 437.77 | +0.030% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 438.04 | +0.091% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 438.34 | +0.160% | $1.5M | $522K | 10x | as long as short |
| Lighter TSMlong | +0.0032% | 1h | 437.64 | long leg | $493K | $189K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 437.46 | −0.041% | $218K | $689K | 10x | as long as short |
| Binance TSMUSDT | +0.0039% | 8h | 437.74 | +0.024% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 437.83 | +0.043% | $3K | $219K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.87 | +0.053% | $370K | $98K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.79 | +0.034% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.20 | −0.101% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.46 | −0.041% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.68 | +0.009% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.94 | +0.297% | $157K | $28K | 10x | as long as short |
| BloFin TSM-USDT | +0.0059% | 8h | 437.78 | +0.032% | $45K | $107K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.75 | +0.025% | $265K | $323K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 438.25 | +0.139% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.78 | +0.031% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.14 | +0.343% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.442% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0642% | 1h | 437.73 | +0.021% | $4 | $17K | 10x | as long as short |
Phemex TSMUSDT
Lighter RH TSM
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
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
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL