Funding you earn now, next payment 02:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.061%
Price spread now: Lighter against SunX+0.099%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$283as in the Price arb table
costs, in and out, $10k−$2842.839% of the position
Funding, last 7 days+0.409%+$41 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.099%, 7d avg +0.085%
=Together, before fees+0.341%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TSM-USDT | 444.37 | 0 | get 0.0000% / 8h | 6h 20m | $1K | $4.6M | 10x |
| Short | Lighter TSM | 444.81 | 0.0368 | get 0.0046% / 1h | 20m 02s | $502K | $170K | 10x |
SunX TSM-USDT
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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: +0.099% → +0.085%
- $1.36
- Slippage, 4 orders
- −$275.93
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$205.29
- Costs to cover
- 2.839%
- Break-even
- 25.6 days
Slippage from SunX: live order book, 8 min ago; Lighter: live order book, 40 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 SunX live order book, 8 min ago | 45.55 bp | 123.9 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 min ago | 8.70 bp | 23.7 bp −$24 | 39.5 bp −$395 | doesn't fit | doesn't fit |
TSM on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.23 | −0.031% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.95 | −0.095% | $2.0M | $387K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.31 | −0.014% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.10 | −0.061% | $1.7M | $985K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.38 | +0.002% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.30 | −0.016% | $550K | $82K | — | as long as short |
| SunX TSM-USDTlong | 0.0000% | 8h | 444.37 | long leg | $1K | $4.6M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 444.38 | +0.002% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.34 | −0.007% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0016% | 8h | 444.32 | −0.011% | $13.0M | $6.9M | 20x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.0016% | 1h | 444.20 | −0.038% | $4K | $197K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.30 | −0.016% | $371K | $105K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.31 | −0.014% | $229K | $637K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.91 | −0.104% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.80 | −0.128% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.11 | −0.059% | $197K | $48K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.88 | −0.110% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.13 | −0.054% | $160K | $25K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.96 | −0.092% | $270K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.22 | −0.034% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.29 | −0.018% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0137% | 8h | 444.44 | +0.016% | $7K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.11 | −0.059% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 449.49 | +1.152% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0290% | 4h | 444.43 | +0.012% | $48K | $216K | 10x | as long as short |
| Lighter TSMshort | +0.0368% | 1h | 444.81 | +0.099% | $502K | $170K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0539% | 1h | 444.19 | −0.041% | $4 | $23K | 10x | as long as short |
Extended TSM-USD
Coinbase International TSM-PERP-INTX
Lighter RH TSM
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
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL