Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.008%
Price spread now: Ondo Perps against Lighter RH−0.061%7-day average −0.097% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.061%, 7d avg −0.097%
=Together, before fees+0.063%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.035% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 440.84 | 0.0032 | pay 0.0004% / 1h | 46m 00s | $231K | $654K | 10x |
| Short | Ondo Perps TSM-USD.P | 440.57 | 0.0050 | get 0.0006% / 1h | 46m 00s | $158K | $22K | 10x |
Lighter RH TSM
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $3.86
- Price spread: −0.061% → −0.097%
- $3.53
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $2.39
- Costs to cover
- 0.050%
- Break-even
- 2.7 days
Slippage unknown: Lighter RH: live order book, 7 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 7 min ago | 1.81 bp | 2.2 bp −$2 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0786% | 4h | 441.10 | +0.059% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0122% | 8h | 441.15 | +0.070% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.41 | +0.129% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.79 | −0.011% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.06 | +0.050% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.89 | +0.011% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.11 | +0.061% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.20 | +0.082% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.09 | +0.057% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.13 | +0.066% | $1.5M | $476K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 441.06 | +0.050% | $497K | $176K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 440.84 | long leg | $231K | $654K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.62 | −0.050% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.53 | −0.070% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.79 | −0.011% | $193K | $56K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.68 | −0.036% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 440.57 | −0.061% | $158K | $22K | 10x | |
| Binance TSMUSDT | +0.0064% | 8h | 441.13 | +0.067% | $12.9M | $7.4M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.99 | +0.034% | $2K | $200K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0085% | 8h | 440.88 | +0.008% | $13K | $1.2M | 10x | as long as short |
| BloFin TSM-USDT | +0.0087% | 8h | 441.23 | +0.088% | $45K | $99K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.011% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.60 | −0.054% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.02 | +0.041% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.02 | +0.042% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.88 | +0.009% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.91 | +1.150% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0454% | 1h | 440.88 | +0.009% | $4 | $24K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL