Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: tradeXYZ against Lighter RH−0.087%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.087%, 7d avg −0.120%
=Together, before fees+0.020%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$2 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 tradeXYZ is 0.033% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 446.17 | 0.0032 | pay 0.0004% / 1h | 56m 38s | $223K | $630K | 10x |
| Short | tradeXYZ xyz:TSM | 445.78 | 0.0050 | get 0.0006% / 1h | 56m 38s | $10.3M | $2.4M | 10x |
Lighter RH TSM
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: −0.087% → −0.120%
- $3.31
- Slippage, 4 orders
- −$8.13
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$19.04
- Costs to cover
- 0.261%
- Break-even
- 42.3 days
Slippage from Lighter RH: live order book, 11 min ago; tradeXYZ: 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, 11 min ago | 2.35 bp | 2.8 bp −$3 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.11 bp | 11.6 bp −$12 | 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 | −0.0864% | 4h | 447.03 | +0.193% | $48K | $215K | 10x | as long as short |
| BloFin TSM-USDT | −0.0005% | 8h | 446.19 | +0.004% | $44K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.41 | +0.054% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.22 | +0.012% | $5K | $201K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.20 | +0.007% | $13.1M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.93 | −0.054% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.17 | 0.000% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.02 | −0.034% | $1.7M | $898K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.30 | +0.029% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | +0.203% | $554K | $82K | — | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 446.28 | +0.025% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.88 | +0.159% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.34 | +0.038% | $1.5M | $454K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 446.43 | +0.058% | $358K | $98K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0031% | 8h | 446.82 | +0.145% | $5K | $1.1M | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 446.17 | long leg | $223K | $630K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.00 | −0.038% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 445.78 | −0.087% | $10.3M | $2.4M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.93 | −0.054% | $199K | $44K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.98 | −0.043% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.37 | +0.045% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.08 | −0.020% | $271K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.17 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.26 | +0.020% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 446.21 | +0.009% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.67 | +1.233% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0535% | 1h | 446.21 | +0.009% | $98 | $32K | 10x | as long as short |
| Lighter TSM | +0.0592% | 1h | 446.81 | +0.143% | $504K | $168K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
Lighter TSM