Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.062%
Price spread now: Gate against Lighter−0.025%7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days−0.406%−$41 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.025%, 7d avg −0.139%
=Together, before fees−0.490%+ Points / potential airdropLighter: Season 3 · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.114% dearer against Lighter than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.139%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.406% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 441.30 | 0.0032 | pay 0.0004% / 1h | 54m 12s | $497K | $176K | 10x |
| Short | Gate TSM_USDT | 441.19 | 0 | get 0.0000% / 8h | 3h 54m | $1.7M | $1.0M | 100x |
Lighter TSM
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.025% → −0.139%
- $11.36
- Slippage, 4 orders
- −$47.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$57.39
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 56 min ago; Gate: live order book, 3 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, 56 min ago | 6.55 bp | 6.6 bp −$7 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.29 bp | 21.0 bp −$21 | 35.0 bp −$350 | 48.3 bp −$4,826 | 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 | −0.0091% | 8h | 441.49 | +0.043% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.81 | +0.115% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.04 | −0.059% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.26 | −0.009% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 441.19 | −0.025% | $1.7M | $1.0M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 441.44 | +0.031% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.54 | +0.054% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.20 | −0.023% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.43 | +0.029% | $1.5M | $474K | 10x | as long as short |
| Lighter TSMlong | +0.0032% | 1h | 441.30 | long leg | $497K | $176K | 10x |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 441.14 | −0.036% | $231K | $653K | 10x | as long as short |
| BloFin TSM-USDT | +0.0046% | 8h | 441.51 | +0.048% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.07 | −0.052% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.82 | −0.109% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.18 | −0.027% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.99 | −0.070% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.27 | −0.007% | $158K | $22K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.29 | −0.003% | $6K | $195K | 10x | as long as short |
| Binance TSMUSDT | +0.0068% | 8h | 441.27 | −0.007% | $12.9M | $7.3M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.116% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0094% | 8h | 441.50 | +0.045% | $7K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.09 | −0.048% | $267K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.30 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.27 | −0.008% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.27 | −0.007% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 446.02 | +1.070% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0499% | 1h | 441.18 | −0.027% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0570% | 4h | 441.51 | +0.048% | $48K | $216K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC