Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.012%
Price spread now: Extended against Lighter RH0.000%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now 0.000%, 7d avg −0.049%
=Together, before fees−0.061%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.049% dearer against Lighter RH than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.049%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 444.91 | 0.0032 | pay 0.0004% / 1h | 41m 24s | $222K | $630K | 10x |
| Short | Extended TSM-USD | 444.91 | 0 | get 0.0000% / 1h | 41m 24s | $5K | $198K | 10x |
Lighter RH TSM
Extended TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: 0.000% → −0.049%
- $4.88
- Slippage, 4 orders
- −$16.98
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$23.82
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 26 min ago; Extended: live order book, 25 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, 26 min ago | 2.35 bp | 2.8 bp −$3 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Extended live order book, 25 min ago | 0.45 bp | 8.1 bp −$8 | 68.9 bp −$689 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0896% | 4h | 445.28 | +0.084% | $48K | $215K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.93 | +0.004% | $82K | $1K | 20x | as long as short |
| Extended TSM-USDshort | 0.0000% | 1h | 444.91 | 0.000% | $5K | $198K | 10x | |
| Binance TSMUSDT | 0.0000% | 8h | 445.02 | +0.025% | $13.1M | $6.9M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.68 | −0.052% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.91 | 0.000% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.71 | −0.045% | $1.7M | $912K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.99 | +0.018% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.96 | +0.010% | $551K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.02 | +0.025% | $1K | $4.7M | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | 0.0000% | 8h | 444.87 | −0.009% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.10 | +0.043% | $1.5M | $451K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 445.16 | +0.056% | $367K | $104K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.175% | $45K | $99K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0019% | 8h | 445.26 | +0.080% | $17K | $1.1M | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 444.91 | long leg | $222K | $630K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.49 | −0.094% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.48 | −0.097% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.79 | −0.027% | $200K | $45K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.48 | −0.097% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.59 | −0.072% | $160K | $25K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.59 | −0.072% | $269K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.94 | +0.007% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.90 | −0.003% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 445.31 | +0.090% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.295% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0440% | 1h | 445.30 | +0.088% | $503K | $170K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0830% | 1h | 444.89 | −0.004% | $4 | $23K | 10x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
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
Lighter TSM
Deribit TSM_USDC-PERPETUAL