Funding you earn now, next payment 23:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Polymarket Perps against Lighter RH−0.054%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now −0.054%, 7d avg −0.106%
=Together, before fees−0.150%+ Points / potential airdropLighter RH: Points live · farm board−$15 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 Polymarket Perps is 0.052% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.106%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 446.04 | 0.0032 | pay 0.0004% / 1h | 6m 31s | $225K | $602K | 10x |
| Short | Polymarket Perps TSM-USD | 445.80 | 0.0050 | get 0.0006% / 1h | 6m 31s | $196K | $91K | 10x |
Lighter RH TSM
Polymarket Perps TSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- $3.78
- Price spread: −0.054% → −0.106%
- $5.19
- Slippage, 4 orders
- −$11.1
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$10.13
- Costs to cover
- 0.191%
- Break-even
- 25.8 days
Slippage from Lighter RH: live order book, 11 min ago; Polymarket Perps: live order book, 10 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, 11 min ago | 1.68 bp | 2.0 bp −$2 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 10 min ago | 2.36 bp | 6.5 bp −$6 | 6.6 bp −$66 | 9.2 bp −$919 | 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 | −0.0208% | 4h | 446.21 | +0.037% | $48K | $214K | 10x | as long as short |
| BloFin TSM-USDT | −0.0026% | 8h | 446.23 | +0.043% | $44K | $105K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.99 | −0.011% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.13 | +0.019% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.23 | +0.043% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.78 | −0.058% | $2.0M | $423K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.12 | +0.018% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.98 | −0.013% | $1.7M | $924K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.08 | +0.009% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.20 | +0.037% | $553K | $85K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.20 | +0.036% | $5K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.19 | +0.034% | $2K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.04 | 0.000% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.00 | −0.233% | $1.5M | $473K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.323% | $356K | $96K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 446.04 | long leg | $225K | $602K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.88 | −0.036% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.71 | −0.074% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0050% | 1h | 445.80 | −0.054% | $196K | $91K | 10x | |
| SoDEX TSM-USD | +0.0050% | 1h | 445.79 | −0.056% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.66 | −0.085% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.64 | −0.090% | $271K | $327K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.05 | +0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.12 | +0.018% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 446.11 | +0.016% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +0.868% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0384% | 1h | 446.53 | +0.110% | $504K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0625% | 1h | 446.18 | +0.031% | $4 | $61K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
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