Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.024%
Price spread now: Lighter RH against OKX−0.005%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$240.235% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.005%, 7d avg +0.067%
=Together, before fees+0.065%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.071% cheaper against OKX than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.067%). If the spread goes back, that is −$7 on $10k: about 7.4 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 444.19 | 0 | get 0.0000% / 8h | 5h 30m | $4.0M | $2.4M | 20x |
| Short | Lighter RH TSM | 444.17 | 0.0032 | get 0.0004% / 1h | 30m 47s | $221K | $644K | 10x |
OKX TSM-USDT-SWAP
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: −0.005% → +0.067%
- −$7.1
- Slippage, 4 orders
- −$13.54
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$23.92
- Costs to cover
- 0.235%
- Break-even
- 31.9 days
Slippage from OKX: live order book, 2 min ago; Lighter RH: live order book, 32 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 | 0.11 bp | 9.9 bp −$10 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 32 min ago | 2.48 bp | 2.6 bp −$3 | 8.2 bp −$82 | 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 | −0.0469% | 4h | 443.92 | −0.060% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.34 | +0.035% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.91 | −0.063% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 444.19 | long leg | $4.0M | $2.4M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 443.97 | −0.050% | $1.7M | $957K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.96 | −0.052% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.17 | −0.005% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.24 | +0.011% | $899 | $4.4M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.81 | −0.086% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.35 | +0.036% | $1.5M | $445K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Bitget TSMUSDT
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 | 444.38 | +0.043% | $501K | $173K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 444.17 | −0.005% | $221K | $644K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.82 | −0.083% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0047% | 8h | 444.24 | +0.012% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 444.13 | −0.015% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.70 | −0.110% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.95 | −0.054% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.73 | −0.104% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.66 | −0.119% | $159K | $23K | 10x | as long as short |
| BloFin TSM-USDT | +0.0075% | 8h | 444.26 | +0.016% | $45K | $98K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.69 | −0.113% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.15 | −0.009% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.12 | −0.016% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0143% | 8h | 443.94 | −0.055% | $8K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.205% | $370K | $107K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0178% | 1h | 444.11 | −0.018% | $98 | $24K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.86 | −0.074% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +0.968% | $7K | $38K | 12x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP