Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.024%
Price spread now: Lighter RH against Gate+0.027%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.027%, 7d avg +0.083%
=Together, before fees+0.058%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.057% cheaper against Gate than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.083%). If the spread goes back, that is −$6 on $10k: about 5.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 447.52 | 0 | get 0.0000% / 8h | 7h 47m | $1.7M | $896K | 100x |
| Short | Lighter RH TSM | 447.64 | 0.0032 | get 0.0004% / 1h | 47m 52s | $232K | $635K | 10x |
Gate TSM_USDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Gate. 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: +0.027% → +0.083%
- −$5.65
- Slippage, 4 orders
- −$19.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$33.26
- Costs to cover
- 0.343%
- Break-even
- 41.6 days
Slippage from Gate: live order book, 5 min ago; Lighter RH: live order book, 24 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 Gate live order book, 5 min ago | 3.13 bp | 19.1 bp −$19 | 95.7 bp −$957 | 151.6 bp −$15.2K | doesn't fit |
| Sell Lighter RH live order book, 24 min ago | 1.23 bp | 1.6 bp −$2 | 7.5 bp −$75 | 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 | −0.0169% | 4h | 447.25 | −0.061% | $48K | $216K | 10x | as long as short |
| BloFin TSM-USDT | −0.0027% | 8h | 447.61 | +0.020% | $44K | $103K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.95 | −0.127% | $358K | $103K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.51 | −0.002% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.61 | +0.021% | $4K | $169K | 10x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 447.34 | −0.040% | $2.0M | $411K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.62 | +0.022% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 447.52 | long leg | $1.7M | $896K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 447.53 | +0.002% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.32 | −0.045% | $554K | $84K | — | as long as short |
edgeX TSMUSDC
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 | 447.28 | −0.054% | $9K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 447.70 | +0.040% | $1K | $5.0M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.27 | −0.056% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.65 | +0.029% | $1.5M | $453K | 10x | as long as short |
| Binance TSMUSDT | +0.0001% | 8h | 447.72 | +0.045% | $13.2M | $6.9M | 20x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 447.64 | +0.027% | $232K | $635K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0041% | 1h | 447.52 | 0.000% | $4 | $32K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.51 | −0.002% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 447.32 | −0.045% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.38 | −0.031% | $197K | $41K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 447.38 | −0.031% | $143 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.13 | −0.087% | $159K | $20K | 10x | as long as short |
| Lighter TSM | +0.0088% | 1h | 448.07 | +0.123% | $506K | $166K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 447.21 | −0.069% | $272K | $313K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.61 | +0.020% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 447.60 | +0.018% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.42 | −0.022% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 451.76 | +0.947% | $7K | $38K | 12x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Binance TSMUSDT
Deribit TSM_USDC-PERPETUAL
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Lighter TSM
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP