Funding you earn now, next payment 05:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.017%
Price spread now: Lighter RH against Binance−0.060%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days+0.342%+$34 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.060%, 7d avg +0.016%
=Together, before fees+0.542%+ Points / potential airdropLighter RH: Points live · farm board+$54 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 0.076% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.342%, 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 | 440.76 | 0.0063 | pay 0.0063% / 8h | 3h 41m | $12.9M | $7.4M | 20x |
| Short | Lighter RH TSM | 440.49 | 0.0032 | get 0.0004% / 1h | 41m 45s | $223K | $669K | 10x |
Binance TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$6.57
- Price spread: −0.060% → +0.016%
- −$7.63
- Slippage, 4 orders
- −$12.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$36.97
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Lighter RH: live order book, 11 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, 14 min ago | 0.68 bp | 9.1 bp −$9 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 11 min ago | 1.81 bp | 2.2 bp −$2 | 6.3 bp −$63 | 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 | −0.0139% | 8h | 440.94 | +0.042% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.23 | +0.106% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.65 | −0.024% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.80 | +0.010% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.68 | −0.017% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.11 | +0.080% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.92 | +0.037% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.00 | +0.055% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.99 | +0.053% | $1.5M | $477K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.88 | +0.028% | $496K | $176K | 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 | 440.49 | −0.060% | $223K | $669K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.30 | −0.103% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.42 | −0.076% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.59 | −0.038% | $193K | $56K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.40 | −0.081% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.45 | −0.069% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDTlong | +0.0063% | 8h | 440.76 | long leg | $12.9M | $7.4M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 440.76 | +0.001% | $2K | $195K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0083% | 8h | 441.04 | +0.064% | $13K | $1.2M | 10x | as long as short |
| BloFin TSM-USDT | +0.0088% | 8h | 440.96 | +0.046% | $45K | $99K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | +0.008% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.54 | −0.049% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.65 | −0.024% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.83 | +0.016% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.78 | +0.005% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.60 | +1.099% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0656% | 4h | 441.11 | +0.081% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0817% | 1h | 440.88 | +0.028% | $4 | $24K | 10x | as long as short |
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
GRVT TSM_USDT_Perp
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL