Funding you earn now, next payment 05:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.017%
Price spread now: Binance against Lighter RH+0.014%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.014%, 7d avg −0.016%
=Together, before fees−0.495%+ Points / potential airdropLighter RH: Points live · farm board−$50 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 Binance is 0.030% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.342%, 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 RH TSM | 440.77 | 0.0032 | pay 0.0004% / 1h | 24m 54s | $223K | $671K | 10x |
| Short | Binance TSMUSDT | 440.83 | 0.0070 | get 0.0070% / 8h | 3h 24m | $12.9M | $7.5M | 20x |
Lighter RH TSM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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
- $8.04
- Price spread: +0.014% → −0.016%
- $2.95
- Slippage, 4 orders
- −$10.94
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$9.95
- Costs to cover
- 0.209%
- Break-even
- 15.7 days
Slippage from Lighter RH: live order book, 28 min ago; Binance: live order book, 15 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 RH live order book, 28 min ago | 1.81 bp | 2.2 bp −$2 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.11 bp | 9.2 bp −$9 | 21.6 bp −$216 | 90.4 bp −$9,038 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0782% | 4h | 441.17 | +0.090% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0199% | 8h | 441.05 | +0.064% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.84 | +0.016% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.71 | −0.014% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.80 | +0.007% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.69 | −0.018% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.93 | +0.036% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.82 | +0.011% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.91 | +0.032% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.97 | +0.045% | $1.5M | $484K | 10x | as long as short |
edgeX TSMUSDC
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 TSM | +0.0032% | 1h | 440.85 | +0.018% | $496K | $176K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 440.77 | long leg | $223K | $671K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.41 | −0.082% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.36 | −0.093% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.52 | −0.057% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.38 | −0.088% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.56 | −0.048% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0070% | 8h | 440.83 | +0.014% | $12.9M | $7.5M | 20x | |
| Extended TSM-USD | +0.0072% | 1h | 440.73 | −0.008% | $2K | $195K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.168% | $367K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0091% | 8h | 440.81 | +0.009% | $45K | $100K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0095% | 8h | 440.92 | +0.034% | $11K | $1.2M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.45 | −0.073% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.77 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.83 | +0.013% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.09 | +0.073% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.74 | +1.128% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0590% | 1h | 440.71 | −0.014% | $4 | $24K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL