Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.008%
Price spread now: Bitget against Lighter RH−0.002%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.002%, 7d avg −0.005%
=Together, before fees−0.015%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 440.04 | 0.0032 | pay 0.0004% / 1h | 1m 46s | $196K | $754K | 10x |
| Short | Bitget TSMUSDT | 440.03 | 0 | get 0.0000% / 8h | 7h 01m | $1.8M | $1.5M | 20x |
Lighter RH TSM
Bitget TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$6.72
- Price spread: −0.002% → −0.005%
- $0.26
- Slippage, 4 orders
- −$15.19
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$33.65
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 31 min ago; Bitget: live order book, 5 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, 31 min ago | 1.49 bp | 3.3 bp −$3 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.18 bp | 9.6 bp −$10 | 21.6 bp −$216 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 439.84 | −0.046% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.75 | −0.066% | $2.0M | $402K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.10 | +0.014% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.89 | −0.034% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDTshort | 0.0000% | 8h | 440.03 | −0.002% | $1.8M | $1.5M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 439.90 | −0.031% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.15 | +0.025% | $1K | $3.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.027% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.23 | +0.043% | $1.5M | $543K | 10x | as long as short |
| BloFin TSM-USDT | +0.0011% | 8h | 440.24 | +0.045% | $45K | $110K | 20x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0024% | 1h | 439.92 | −0.028% | $1K | $214K | 10x | as long as short |
| Binance TSMUSDT | +0.0024% | 8h | 440.05 | +0.002% | $12.9M | $8.3M | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.94 | −0.023% | $495K | $190K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 440.04 | long leg | $196K | $754K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 439.24 | −0.182% | $371K | $98K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.62 | −0.095% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.68 | −0.082% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.76 | −0.064% | $190K | $67K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.72 | −0.073% | $138 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.48 | −0.127% | $158K | $27K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.50 | −0.123% | $267K | $369K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.99 | −0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.97 | −0.016% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 439.51 | −0.120% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.889% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0227% | 1h | 440.00 | −0.009% | $4 | $13K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0245% | 8h | 439.98 | −0.015% | $4K | $1.3M | 10x | as long as short |
| edgeX TSMUSDC | +0.0273% | 4h | 440.03 | −0.003% | $47K | $217K | 10x | as long as short |
Extended TSM-USD
Binance TSMUSDT
Lighter TSM
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
GRVT TSM_USDT_Perp
edgeX TSMUSDC