Funding you earn now, next payment 06:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.045%
Price spread now: Lighter against Binance−0.030%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days+0.648%+$65 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.030%, 7d avg +0.072%
=Together, before fees+0.867%+ Points / potential airdropLighter: Season 3 · farm board+$87 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 is 0.101% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.072%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.648%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 441.16 | 0.0057 | pay 0.0057% / 8h | 2h 45m | $12.9M | $7.6M | 20x |
| Short | Lighter TSM | 441.03 | 0.0032 | get 0.0004% / 1h | 45m 04s | $497K | $137K | 10x |
Binance TSMUSDT
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$5.24
- Price spread: −0.030% → +0.072%
- −$10.15
- Slippage, 4 orders
- −$51.58
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$76.96
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Lighter: live order book, 60 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 Binance live order book, 10 min ago | 0.91 bp | 9.6 bp −$10 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 60 min ago | 15.07 bp | 26.0 bp −$26 | 30.7 bp −$307 | 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 | −0.0170% | 8h | 441.09 | −0.016% | $1.7M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0080% | 4h | 441.06 | −0.022% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.02 | −0.033% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.81 | −0.080% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.00 | −0.037% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.96 | −0.046% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.07 | −0.021% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.18 | +0.004% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.78 | +0.140% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.27 | +0.025% | $1.5M | $495K | 10x | as long as short |
Bitget TSMUSDT
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSMshort | +0.0032% | 1h | 441.03 | −0.030% | $497K | $137K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 441.06 | −0.023% | $220K | $679K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.75 | −0.093% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.64 | −0.118% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.82 | −0.077% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.72 | −0.100% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.83 | −0.075% | $157K | $23K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0054% | 8h | 440.98 | −0.041% | $8K | $1.3M | 10x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 441.06 | −0.023% | $6K | $196K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0057% | 8h | 441.16 | long leg | $12.9M | $7.6M | 20x | |
| BloFin TSM-USDT | +0.0065% | 8h | 441.24 | +0.018% | $45K | $102K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 440.03 | −0.256% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.68 | −0.109% | $268K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.09 | −0.016% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.15 | −0.003% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 441.03 | −0.030% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.50 | +0.983% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0385% | 1h | 441.02 | −0.032% | $97 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Extended TSM-USD
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL