Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.031%
Price spread now: Variational Omni against Lighter RH−0.027%7-day average −0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)−0.065%−$6 · spread now −0.027%, 7d avg −0.038%
=Together, before fees−0.121%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 446.19 | 0.0032 | pay 0.0004% / 1h | 15m 37s | $225K | $602K | 10x |
| Short | Variational Omni TSM | 446.07 | 0 | get 0.0000% / 8h | 1h 15m | $552K | $85K | — |
Lighter RH TSM
Variational Omni TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$6.72
- Price spread: −0.027% → −0.038%
- $1.1
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.62
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 2 min ago | 1.68 bp | 2.0 bp −$2 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.16 bp | doesn't fit | 23.0 bp −$230 | 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 | −0.0777% | 4h | 446.04 | −0.035% | $48K | $216K | 10x | as long as short |
| BloFin TSM-USDT | −0.0001% | 8h | 446.11 | −0.018% | $44K | $105K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.92 | −0.061% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.06 | −0.029% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.15 | −0.009% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.84 | −0.078% | $2.0M | $423K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.06 | −0.029% | $4.0M | $3.1M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.91 | −0.063% | $1.7M | $923K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.08 | −0.025% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSMshort | 0.0000% | 8h | 446.07 | −0.027% | $552K | $85K | — |
edgeX TSMUSDC
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.08 | −0.025% | $5K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.16 | −0.007% | $1K | $5.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.07 | −0.027% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 445.16 | −0.231% | $1.5M | $472K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0008% | 1h | 444.60 | −0.356% | $356K | $96K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 446.19 | long leg | $225K | $602K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.95 | −0.054% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.82 | −0.083% | $10.3M | $2.6M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.82 | −0.083% | $196K | $91K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.81 | −0.085% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 445.49 | −0.157% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.62 | −0.128% | $270K | $333K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.10 | −0.020% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.11 | −0.018% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.83 | −0.081% | $217K | $5K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0199% | 1h | 446.06 | −0.029% | $4 | $61K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.91 | +0.834% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0408% | 1h | 446.69 | +0.112% | $504K | $167K | 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
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Deribit TSM_USDC-PERPETUAL
Injective TSM/USDC PERP
Lighter TSM