Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.043%
Price spread now: BloFin against Lighter−0.011%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−0.385%−$38 on $10k
+Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.011%, 7d avg −0.069%
=Together, before fees−0.410%+ Points / potential airdropLighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.058% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.385%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 439.66 | 0.0032 | pay 0.0004% / 1h | 30m 50s | $495K | $138K | 10x |
| Short | BloFin TSM-USDT | 439.61 | 0.0051 | get 0.0051% / 8h | 2h 30m | $45K | $103K | 20x |
Lighter TSM
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.98
- Price spread: −0.011% → −0.069%
- $5.79
- Slippage, 4 orders
- −$43.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.31
- Costs to cover
- 0.551%
- Break-even
- 86.7 days
Slippage from Lighter: live order book, 9 min ago; BloFin: live order book, 47 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, 9 min ago | 13.16 bp | 13.2 bp −$13 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 0.45 bp | 10.0 bp −$10 | 15.5 bp −$155 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0207% | 8h | 439.66 | 0.000% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.61 | −0.010% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.38 | −0.064% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.46 | −0.045% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.43 | −0.052% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.59 | −0.017% | $547K | $42K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.54 | −0.027% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.93 | +0.061% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.40 | +0.168% | $1.5M | $505K | 10x | as long as short |
| Lighter TSMlong | +0.0032% | 1h | 439.66 | long leg | $495K | $138K | 10x |
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 RH TSM | +0.0032% | 1h | 439.56 | −0.023% | $219K | $681K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.09 | −0.130% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.21 | −0.102% | $10.2M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.43 | −0.052% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.13 | −0.121% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.31 | −0.080% | $159K | $25K | 10x | as long as short |
| BloFin TSM-USDTshort | +0.0051% | 8h | 439.61 | −0.011% | $45K | $103K | 20x | |
| GRVT TSM_USDT_Perp | +0.0058% | 8h | 439.63 | −0.007% | $8K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0061% | 8h | 439.57 | −0.020% | $12.8M | $7.7M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.45 | −0.047% | $6K | $196K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.075% | $366K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.27 | −0.089% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.54 | −0.027% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.62 | −0.010% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.04 | +0.086% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +1.135% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0223% | 4h | 439.67 | +0.001% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0615% | 1h | 439.52 | −0.032% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL