Funding you earn now, next payment 11:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.040%
Price spread now: Extended against Lighter−0.071%7-day average −0.099% · 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−$57as in the Price arb table
costs, in and out, $10k−$600.597% of the position
Funding, last 7 days−0.339%−$34 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.071%, 7d avg −0.099%
=Together, before fees−0.388%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.099%. Mind the row above: over the last 7 days funding on this pair cost −0.339%, 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 | 442.12 | 0.0032 | pay 0.0004% / 1h | 27m 52s | $498K | $143K | 10x |
| Short | Extended TSM-USD | 441.80 | 0.0112 | get 0.0014% / 1h | 27m 52s | $5K | $216K | 10x |
Lighter TSM
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $16.8
- Price spread: −0.071% → −0.099%
- $2.76
- Slippage, 4 orders
- −$54.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$40.15
- Costs to cover
- 0.597%
- Break-even
- 23.7 days
Slippage from Lighter: live order book, 10 min ago; Extended: live order book, 16 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, 10 min ago | 10.40 bp | 17.7 bp −$18 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Extended live order book, 16 min ago | 1.13 bp | 9.6 bp −$10 | 125.7 bp −$1,257 | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0201% | 4h | 441.70 | −0.094% | $48K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 441.37 | −0.170% | $373K | $109K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.07 | −0.012% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.70 | −0.095% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.92 | −0.045% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.78 | −0.077% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 441.93 | −0.043% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.93 | −0.043% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.80 | −0.072% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.38 | −0.167% | $1.5M | $566K | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSMlong | +0.0032% | 1h | 442.12 | long leg | $498K | $143K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 441.93 | −0.043% | $198K | $687K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.414% | $6K | $38K | 12x | as long as short |
| Variational Omni TSM | +0.0040% | 8h | 441.71 | −0.094% | $554K | $44K | — | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.38 | −0.167% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.55 | −0.129% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.60 | −0.118% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.47 | −0.147% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.27 | −0.192% | $156K | $33K | 10x | as long as short |
| BloFin TSM-USDT | +0.0085% | 8h | 442.03 | −0.020% | $46K | $117K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.65 | −0.106% | $268K | $465K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.75 | −0.084% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.86 | −0.059% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0110% | 8h | 441.93 | −0.044% | $13.0M | $8.6M | 20x | as long as short |
| Extended TSM-USDshort | +0.0112% | 1h | 441.80 | −0.071% | $5K | $216K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0180% | 1h | 441.83 | −0.066% | $97 | $10K | 10x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 441.96 | −0.036% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0335% | 8h | 442.20 | +0.019% | $8K | $1.3M | 10x | as long as short |
Lighter RH TSM
Injective TSM/USDC PERP
Variational Omni TSM
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
Binance TSMUSDT
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
GRVT TSM_USDT_Perp