Funding you earn now, next payment 01:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.030%
Price spread now: Orderly against Lighter−0.161%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Orderly is 0.161% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 447.92 | 0.0256 | pay 0.0032% / 1h | 31m 55s | $505K | $166K | 10x |
| Short | Orderly PERP_TSM_USDC_mythos | 447.20 | 0.0100 | get 0.0100% / 8h | 7h 31m | $21 | — | 10x |
Lighter TSM
Orderly PERP_TSM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$32.76
- Price spread: −0.161% → 0.000%
- −$16.07
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$54.83
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 33 min ago; Orderly: no order-book sample. Net counts fees only.
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, 33 min ago | 8.38 bp | 8.4 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.217% | $358K | $101K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 447.27 | −0.145% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.24 | −0.151% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.19 | −0.163% | $3K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.28 | −0.143% | $13.2M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.09 | −0.185% | $2.0M | $408K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.34 | −0.129% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 447.19 | −0.163% | $1.7M | $908K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.36 | −0.125% | $554K | $84K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 447.35 | −0.127% | $9K | $1.1M | 10x | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.21 | −0.159% | $2K | $5.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.14 | −0.174% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.38 | −0.121% | $1.5M | $451K | 10x | as long as short |
| Bitget TSMUSDT | +0.0006% | 8h | 447.23 | −0.154% | $1.6M | $1.4M | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.31 | −0.136% | $231K | $638K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.18 | −0.165% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.99 | −0.208% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.05 | −0.194% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.94 | −0.219% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.09 | −0.185% | $158K | $20K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.89 | −0.230% | $271K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythosshort | +0.0100% | 8h | 447.20 | −0.161% | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 447.23 | −0.154% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.34 | −0.129% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.79 | +0.864% | $7K | $38K | 12x | as long as short |
| Lighter TSMlong | +0.0256% | 1h | 447.92 | long leg | $505K | $166K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0265% | 1h | 447.17 | −0.167% | $4 | $32K | 10x | as long as short |
| edgeX TSMUSDC | +0.0389% | 4h | 447.28 | −0.143% | $48K | $216K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Bitget TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC