Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter against Lighter RH−0.014%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.288%+$29 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.014%, 7d avg +0.055%
=Together, before fees+0.419%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.069% cheaper against Lighter RH than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 442.94 | 0.0032 | pay 0.0004% / 1h | 49m 10s | $198K | $687K | 10x |
| Short | Lighter TSM | 442.88 | 0.0032 | get 0.0004% / 1h | 49m 10s | $499K | $143K | 10x |
Lighter RH TSM
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $0
- Price spread: −0.014% → +0.055%
- −$6.85
- Slippage, 4 orders
- −$50.8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$57.65
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 61 min ago; Lighter: live order book, 58 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, 61 min ago | 2.50 bp | 3.2 bp −$3 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 58 min ago | 10.34 bp | 27.5 bp −$27 | 33.3 bp −$333 | doesn't fit | doesn't fit |
TSM on 28 exchanges
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 | −0.0194% | 4h | 442.59 | −0.078% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0056% | 1h | 442.19 | −0.169% | $373K | $110K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.37 | −0.128% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.54 | −0.090% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.72 | −0.050% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.48 | −0.104% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.79 | −0.034% | $1.8M | $1.5M | 20x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.77 | −0.038% | $2K | $3.8M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 442.69 | −0.056% | $4 | $10K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 442.75 | −0.043% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 442.90 | −0.009% | $1.5M | $562K | 10x | as long as short |
| Variational Omni TSM | +0.0029% | 8h | 442.71 | −0.051% | $554K | $44K | — | as long as short |
| Lighter TSMshort | +0.0032% | 1h | 442.88 | −0.014% | $499K | $143K | 10x | |
| Lighter RH TSMlong | +0.0032% | 1h | 442.94 | long leg | $198K | $687K | 10x | |
| Injective TSM/USDC PERP | +0.0033% | 1h | 443.95 | +0.228% | $6K | $38K | 12x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.63 | −0.070% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.50 | −0.099% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 442.44 | −0.113% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 442.54 | −0.090% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 442.11 | −0.187% | $156K | $31K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 442.22 | −0.163% | $269K | $445K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.61 | −0.075% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.76 | −0.041% | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.0109% | 8h | 442.74 | −0.045% | $13.0M | $8.5M | 20x | as long as short |
| Extended TSM-USD | +0.0112% | 1h | 442.59 | −0.078% | $1K | $217K | 10x | as long as short |
| BloFin TSM-USDT | +0.0135% | 8h | 442.73 | −0.047% | $46K | $116K | 20x | as long as short |
| Phoenix TSM | +0.0253% | 1h | 442.39 | −0.124% | $210K | $10K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0347% | 8h | 442.47 | −0.106% | $8K | $1.3M | 10x | as long as short |
Phemex TSMUSDT
Variational Omni TSM
Injective TSM/USDC 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
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Phoenix TSM
GRVT TSM_USDT_Perp