Funding you earn now, next payment 00:00 UTC−0.0238%/8h= −26.1% APRnext payment −$0.30 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against Lighter−0.159%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Funding, last 7 days−0.287%−$29 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.159%, 7d avg −0.158%
=Together, before fees−0.386%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.158%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 446.98 | 0.0288 | pay 0.0036% / 1h | 26m 06s | $504K | $166K | 10x |
| Short | Polymarket Perps TSM-USD | 446.27 | 0.0050 | get 0.0006% / 1h | 26m 06s | $196K | $90K | 10x |
Lighter TSM
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$49.98
- Price spread: −0.159% → −0.158%
- −$0.08
- Slippage, 4 orders
- −$32.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$90.85
- Costs to cover
- 0.408%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 44 min ago; Polymarket Perps: live order book, 51 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, 44 min ago | 8.28 bp | 8.3 bp −$8 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 51 min ago | 2.36 bp | 6.5 bp −$6 | 6.6 bp −$66 | 9.2 bp −$919 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.18 | −0.179% | $357K | $97K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 446.46 | −0.116% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.41 | −0.128% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.44 | −0.120% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.53 | −0.101% | $13.2M | $6.7M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.20 | −0.175% | $2.0M | $415K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.47 | −0.114% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.16 | −0.183% | $1.7M | $908K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.43 | −0.123% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.47 | −0.114% | $553K | $84K | — | 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
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.48 | −0.112% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.49 | −0.110% | $2K | $5.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 446.34 | −0.143% | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.49 | −0.110% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.04 | −0.434% | $1.5M | $452K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.63 | −0.078% | $224K | $591K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.42 | −0.125% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.21 | −0.172% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 446.27 | −0.159% | $196K | $90K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 446.21 | −0.172% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.26 | −0.161% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.01 | −0.217% | $271K | $321K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.44 | −0.121% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.48 | −0.112% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.31 | −0.150% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +0.837% | $7K | $38K | 12x | as long as short |
| Lighter TSMlong | +0.0288% | 1h | 446.98 | long leg | $504K | $166K | 10x | |
| edgeX TSMUSDC | +0.0598% | 4h | 446.44 | −0.121% | $48K | $214K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC