Funding you earn now, next payment 20:00 UTC+0.0368%/8hpaid last 24h +0.044%
Price spread now: Lighter against OKX+0.216%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days+0.414%+$41 on $10k
+Price spread, last 3 days (all we have)−0.115%−$11 · spread now +0.216%, 7d avg +0.122%
=Together, before fees+0.299%+ Points / potential airdropLighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.094% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.122%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 444.80 | 0 | get 0.0000% / 8h | 4h 05m | $4.0M | $3.0M | 20x |
| Short | Lighter TSM | 445.76 | 0.0368 | get 0.0046% / 1h | 5m 18s | $503K | $159K | 10x |
OKX TSM-USDT-SWAP
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $77.28
- Price spread: +0.216% → +0.122%
- $9.38
- Slippage, 4 orders
- −$26.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $50.48
- Costs to cover
- 0.362%
- Break-even
- 2.4 days
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 23 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 OKX live order book, 2 min ago | 0.56 bp | 6.9 bp −$7 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 23 min ago | 8.86 bp | 10.4 bp −$10 | 33.2 bp −$332 | 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 | −0.0226% | 4h | 444.85 | +0.011% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0040% | 1h | 444.71 | −0.020% | $358K | $89K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.70 | −0.023% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.78 | −0.004% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 444.83 | +0.007% | $13.1M | $6.6M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.55 | −0.056% | $2.0M | $380K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 444.80 | long leg | $4.0M | $3.0M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 444.63 | −0.038% | $1.7M | $888K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.88 | +0.019% | $556K | $81K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 444.97 | +0.038% | $14K | $932K | 10x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Variational Omni TSM
GRVT TSM_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 444.85 | +0.011% | $2K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.55 | −0.056% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.77 | −0.007% | $1.5M | $443K | 10x | as long as short |
| BloFin TSM-USDT | +0.0026% | 8h | 444.95 | +0.034% | $45K | $101K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.87 | +0.016% | $206K | $672K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.61 | −0.043% | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.0048% | 8h | 444.80 | 0.000% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 444.51 | −0.065% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.63 | −0.038% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.56 | −0.054% | $152 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.42 | −0.085% | $158K | $18K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.46 | −0.076% | $272K | $325K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.84 | +0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.93 | +0.028% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 444.59 | −0.047% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.07 | +1.185% | $7K | $39K | 12x | as long as short |
| Lighter TSMshort | +0.0368% | 1h | 445.76 | +0.216% | $503K | $159K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0447% | 1h | 444.84 | +0.009% | $4 | $61K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
Bitget TSMUSDT
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
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL