Funding you earn now, next payment 00:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.026%
Price spread now: Lighter against Ondo Perps+0.161%7-day average +0.154% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.161%, 7d avg +0.154%
=Together, before fees+0.285%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.154%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 446.52 | 0.0050 | pay 0.0006% / 1h | 20m 15s | $159K | $22K | 10x |
| Short | Lighter TSM | 447.24 | 0.0272 | get 0.0034% / 1h | 20m 15s | $505K | $166K | 10x |
Ondo Perps TSM-USD.P
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- $46.54
- Price spread: +0.161% → +0.154%
- $0.74
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $42.28
- Costs to cover
- 0.050%
- Break-even
- 0.6 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 50 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 50 min ago | 8.28 bp | 17.4 bp −$17 | 30.2 bp −$302 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.18 | −0.076% | $357K | $97K | 10x | as long as short |
| BloFin TSM-USDT | −0.0006% | 8h | 446.87 | +0.078% | $44K | $102K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.61 | +0.021% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.71 | +0.041% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.82 | +0.067% | $13.2M | $6.7M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.47 | −0.011% | $2.0M | $415K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.77 | +0.056% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.41 | −0.025% | $1.7M | $909K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.76 | +0.054% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.76 | +0.055% | $553K | $84K | — | as long as short |
Coinbase International TSM-PERP-INTX
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 | 446.62 | +0.024% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.79 | +0.060% | $1K | $5.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.77 | +0.056% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.87 | +0.078% | $1.5M | $454K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 446.83 | +0.069% | $229K | $596K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.61 | +0.020% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.48 | −0.009% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.49 | −0.007% | $196K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.44 | −0.018% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 446.52 | long leg | $159K | $22K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0086% | 1h | 446.67 | +0.034% | $4 | $61K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.25 | −0.060% | $270K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.71 | +0.043% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.78 | +0.059% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.54 | +0.004% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +0.941% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0272% | 1h | 447.24 | +0.161% | $505K | $166K | 10x | |
| edgeX TSMUSDC | +0.0718% | 4h | 446.69 | +0.039% | $48K | $215K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC