Funding you earn now, next payment 02:00 UTC+0.0374%/8h= +41.0% APRnext payment +$0.47 per $10,000 · paid last 24h +0.043%
Price spread now: Lighter against tradeXYZ+0.167%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.167%, 7d avg +0.176%
=Together, before fees+0.349%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.176%, 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 | tradeXYZ xyz:TSM | 444.37 | 0.0050 | pay 0.0006% / 1h | 36m 42s | $10.2M | $2.3M | 10x |
| Short | Lighter TSM | 445.11 | 0.0424 | get 0.0053% / 1h | 36m 42s | $502K | $170K | 10x |
tradeXYZ xyz:TSM
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $78.54
- Price spread: +0.167% → +0.176%
- −$0.99
- Slippage, 4 orders
- −$42.74
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $16.81
- Costs to cover
- 0.607%
- Break-even
- 5.5 days
Slippage from tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.11 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 23 min ago | 8.70 bp | 23.7 bp −$24 | 39.5 bp −$395 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.71 | +0.075% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 444.64 | +0.060% | $5K | $196K | 10x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 444.39 | +0.005% | $2.0M | $401K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.67 | +0.068% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 444.62 | +0.056% | $1.7M | $915K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.79 | +0.095% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 444.96 | +0.132% | $551K | $82K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.82 | +0.101% | $2K | $4.7M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 444.60 | +0.052% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.93 | +0.126% | $1.5M | $453K | 10x | as long as short |
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TSMUSDT | +0.0005% | 8h | 444.75 | +0.086% | $13.1M | $6.9M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0016% | 1h | 444.22 | −0.034% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0017% | 8h | 445.69 | +0.297% | $45K | $99K | 20x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 444.61 | +0.054% | $222K | $630K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 444.34 | −0.007% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 444.37 | long leg | $10.2M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 444.59 | +0.050% | $200K | $45K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 444.25 | −0.027% | $142 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.42 | +0.011% | $160K | $25K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0066% | 8h | 444.89 | +0.117% | $17K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 444.38 | +0.002% | $269K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.78 | +0.092% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.71 | +0.076% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 444.44 | +0.016% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.67 | +1.418% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0424% | 1h | 445.11 | +0.167% | $502K | $170K | 10x | |
| edgeX TSMUSDC | +0.0704% | 4h | 444.76 | +0.087% | $48K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0876% | 1h | 444.70 | +0.074% | $4 | $23K | 10x | as long as short |
Binance TSMUSDT
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Lighter RH TSM
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL