Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.020%
Price spread now: Lighter RH against SunX+0.007%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2552.549% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.007%, 7d avg +0.031%
=Together, before fees+0.185%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.024% cheaper against SunX than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.031%). If the spread goes back, that is −$2 on $10k: about 2.5 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 | SunX TSM-USDT | 437.79 | 0 | get 0.0000% / 8h | 7h 32m | $1K | $4.0M | 10x |
| Short | Lighter RH TSM | 437.82 | 0.0032 | get 0.0004% / 1h | 32m 10s | $195K | $736K | 10x |
SunX TSM-USDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.007% → +0.031%
- −$2.41
- Slippage, 4 orders
- −$246.9
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$250.6
- Costs to cover
- 2.549%
- Break-even
- 268.0 days
Slippage from SunX: live order book, 6 min ago; Lighter RH: live order book, 65 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, 6 min ago | 44.84 bp | 123.2 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 65 min ago | 2.05 bp | 2.0 bp −$2 | 9.2 bp −$92 | 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 | −0.0890% | 4h | 438.19 | +0.091% | $47K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 438.25 | +0.106% | $81K | $2K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 437.70 | −0.020% | $3K | $216K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 437.82 | +0.007% | $12.8M | $8.2M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 437.73 | −0.014% | $2.0M | $409K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 437.66 | −0.030% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 437.56 | −0.053% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 437.72 | −0.016% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 438.15 | +0.083% | $549K | $45K | — | as long as short |
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 438.14 | +0.080% | $13K | $1.3M | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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-USDTlong | 0.0000% | 8h | 437.79 | long leg | $1K | $4.0M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 437.74 | −0.011% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 437.46 | −0.075% | $1.5M | $535K | 10x | as long as short |
| BloFin TSM-USDT | +0.0012% | 8h | 437.88 | +0.021% | $45K | $108K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 437.71 | −0.018% | $493K | $189K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 437.82 | +0.007% | $195K | $736K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0040% | 1h | 437.26 | −0.121% | $371K | $101K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 437.57 | −0.050% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 437.33 | −0.105% | $10.0M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 437.55 | −0.055% | $189K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 437.46 | −0.075% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 437.33 | −0.105% | $157K | $28K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 437.67 | −0.027% | $266K | $336K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 437.86 | +0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 437.68 | −0.025% | $123 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0116% | 1h | 437.69 | −0.023% | $4 | $13K | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 437.98 | +0.043% | $208K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +1.407% | $6K | $38K | 12x | as long as short |
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
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
Deribit TSM_USDC-PERPETUAL
Phoenix TSM
Injective TSM/USDC PERP