Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.022%
Price spread now: Gate against Lighter RH−0.025%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.025%, 7d avg −0.081%
=Together, before fees−0.061%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.056% dearer against Lighter RH than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.081%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 440.96 | 0.0032 | pay 0.0004% / 1h | 50m 42s | $220K | $676K | 10x |
| Short | Gate TSM_USDT | 440.85 | 0 | get 0.0000% / 8h | 2h 50m | $1.7M | $1.1M | 100x |
Lighter RH TSM
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.025% → −0.081%
- $5.57
- Slippage, 4 orders
- −$21.1
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$37.25
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 62 min ago; Gate: live order book, 2 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, 62 min ago | 1.81 bp | 2.2 bp −$2 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 5.67 bp | 18.1 bp −$18 | 44.0 bp −$440 | 59.8 bp −$5,984 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0185% | 8h | 440.92 | −0.009% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.85 | −0.026% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.70 | −0.059% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.10 | +0.032% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 440.85 | −0.025% | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 441.03 | +0.015% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.09 | +0.029% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.20 | +0.054% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.29 | +0.075% | $1.5M | $494K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.95 | −0.002% | $496K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSMlong | +0.0032% | 1h | 440.96 | long leg | $220K | $676K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.64 | −0.073% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.55 | −0.093% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.69 | −0.061% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.64 | −0.073% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.62 | −0.077% | $157K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.99 | +0.006% | $6K | $196K | 10x | as long as short |
| Binance TSMUSDT | +0.0058% | 8h | 441.02 | +0.014% | $12.9M | $7.6M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0060% | 8h | 440.91 | −0.011% | $9K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.211% | $367K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0072% | 8h | 441.14 | +0.041% | $45K | $102K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.66 | −0.068% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.89 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.98 | +0.004% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 441.05 | +0.020% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.33 | +0.991% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0476% | 1h | 440.96 | 0.000% | $97 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0999% | 4h | 441.02 | +0.014% | $48K | $216K | 10x | as long as short |
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC