Funding you earn now, next payment 03:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.013%
Price spread now: GRVT against Lighter RH+0.104%79s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.104%, 7d avg −0.015%
=Together, before fees−0.136%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.119% dearer against Lighter RH than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 443.09 | 0.0032 | pay 0.0004% / 1h | 7m 58s | $221K | $645K | 10x |
| Short | GRVT TSM_USDT_Perp | 443.55 | 0.0084 | get 0.0084% / 8h | 5h 07m | $11K | $1.2M | 10x |
Lighter RH TSM
GRVT TSM_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $10.92
- Price spread: +0.104% → −0.015%
- $11.93
- Slippage, 4 orders
- −$14.58
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$0.73
- Costs to cover
- 0.236%
- Break-even
- 7.5 days
Slippage from Lighter RH: live order book, 55 min ago; GRVT: live order book, just now.
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, 55 min ago | 2.48 bp | 2.8 bp −$3 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell GRVT live order book, just now | 1.92 bp | 9.6 bp −$10 | doesn't fit | 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 | −0.0154% | 4h | 443.50 | +0.092% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.38 | +0.066% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.99 | −0.023% | $2.0M | $382K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.11 | +0.005% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.04 | −0.011% | $1.7M | $961K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.45 | +0.081% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.57 | +0.108% | $549K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.28 | +0.043% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.21 | +0.027% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 443.36 | +0.061% | $1.5M | $446K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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 | 443.35 | +0.059% | $500K | $173K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 443.09 | long leg | $221K | $645K | 10x | |
| Extended TSM-USD | +0.0040% | 1h | 443.15 | +0.014% | $2K | $189K | 10x | as long as short |
| Binance TSMUSDT | +0.0041% | 8h | 443.27 | +0.041% | $13.0M | $6.8M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.79 | −0.068% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.77 | −0.072% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.05 | −0.009% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.90 | −0.043% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.12 | +0.007% | $158K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0051% | 8h | 443.45 | +0.081% | $45K | $98K | 20x | as long as short |
| GRVT TSM_USDT_Perpshort | +0.0084% | 8h | 443.55 | +0.104% | $11K | $1.2M | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.84 | −0.056% | $268K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.20 | +0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.17 | +0.019% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.05 | −0.009% | $369K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.70 | +0.138% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.46 | +1.212% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0789% | 1h | 443.19 | +0.023% | $4 | $24K | 10x | as long as short |
Lighter TSM
Extended TSM-USD
Binance TSMUSDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL