Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against tradeXYZ+0.036%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$280.275% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.036%, 7d avg +0.116%
=Together, before fees+0.036%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.080% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.116%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.76 | 0.0050 | pay 0.0006% / 1h | 6m 40s | $10.1M | $1.8M | 10x |
| Short | Lighter RH TSM | 439.92 | 0.0032 | get 0.0004% / 1h | 6m 40s | $222K | $725K | 10x |
tradeXYZ xyz:TSM
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$3.78
- Price spread: +0.036% → +0.116%
- −$8.01
- Slippage, 4 orders
- −$9.55
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$39.33
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Lighter RH: live order book, 31 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, 2 min ago | 0.68 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0031% | 8h | 440.06 | +0.068% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.13 | +0.084% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.97 | +0.048% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.13 | +0.084% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.95 | +0.043% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.07 | +0.070% | $559K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.11 | +0.080% | $1K | $4.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.16 | +0.091% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.63 | +0.198% | $1.5M | $522K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.00 | +0.055% | $495K | $190K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSMshort | +0.0032% | 1h | 439.92 | +0.036% | $222K | $725K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.78 | +0.005% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.76 | long leg | $10.1M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.84 | +0.018% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.74 | −0.005% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.92 | +0.036% | $157K | $28K | 10x | as long as short |
| Binance TSMUSDT | +0.0056% | 8h | 440.11 | +0.080% | $12.9M | $7.9M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.02 | +0.058% | $3K | $219K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.098% | $366K | $97K | 10x | as long as short |
| BloFin TSM-USDT | +0.0068% | 8h | 440.11 | +0.080% | $45K | $107K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0075% | 8h | 440.18 | +0.096% | $15K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.84 | +0.018% | $267K | $314K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.09 | +0.075% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.00 | +0.054% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 440.07 | +0.070% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +0.969% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0341% | 1h | 440.07 | +0.070% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0428% | 4h | 440.08 | +0.073% | $47K | $216K | 10x | as long as short |
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC