Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.024%
Price spread now: Lighter RH against Bybit+0.069%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$270.269% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.069%, 7d avg +0.063%
=Together, before fees−0.016%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 446.56 | 0 | get 0.0000% / 8h | 12m 42s | $2.0M | $415K | 50x |
| Short | Lighter RH TSM | 446.87 | 0.0032 | get 0.0004% / 1h | 12m 42s | $229K | $596K | 10x |
Bybit TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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: +0.069% → +0.063%
- $0.66
- Slippage, 4 orders
- −$15.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$19.51
- Costs to cover
- 0.269%
- Break-even
- 27.3 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 1.68 bp | 13.9 bp −$14 | 67.4 bp −$674 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 65 min ago | 1.68 bp | 2.0 bp −$2 | 6.7 bp −$67 | 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 | −0.0225% | 4h | 446.76 | +0.045% | $48K | $216K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.18 | −0.085% | $357K | $97K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.62 | +0.013% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.71 | +0.034% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.77 | +0.047% | $13.2M | $6.7M | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 446.56 | long leg | $2.0M | $415K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.76 | +0.045% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.39 | −0.038% | $1.7M | $911K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.72 | +0.036% | $1.6M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.83 | +0.061% | $553K | $84K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 446.81 | +0.056% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.76 | +0.045% | $1K | $5.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.59 | +0.007% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 446.91 | +0.078% | $1.5M | $455K | 10x | as long as short |
| BloFin TSM-USDT | 0.0000% | 8h | 446.78 | +0.049% | $44K | $103K | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0019% | 1h | 446.64 | +0.018% | $4 | $61K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 446.87 | +0.069% | $229K | $596K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.72 | +0.036% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.48 | −0.018% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.48 | −0.018% | $196K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.48 | −0.018% | $144 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.39 | −0.038% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.41 | −0.034% | $271K | $317K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.77 | +0.047% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.85 | +0.065% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.78 | +0.049% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +0.932% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0264% | 1h | 447.28 | +0.161% | $505K | $166K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
BloFin TSM-USDT
Deribit TSM_USDC-PERPETUAL
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
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM