Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.047%
Price spread now: Lighter against HTX+0.027%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.027% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TSM-USDT | 439.96 | 0 | get 0.0000% / 8h | 1h 52m | $9K | $8K | 20x |
| Short | Lighter TSM | 440.08 | 0.0032 | get 0.0004% / 1h | 52m 18s | $495K | $137K | 10x |
HTX TSM-USDT
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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% → 0.000%
- $2.73
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$2.55
- Costs to cover
- 0.120%
- Break-even
- 9.7 days
Slippage unknown: HTX: no order-book sample; Lighter: live order book, 48 min ago. Net counts fees only.
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 HTX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 48 min ago | 13.16 bp | 22.9 bp −$23 | 27.5 bp −$275 | doesn't fit | doesn't fit |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0182% | 8h | 440.37 | +0.093% | $1.7M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0104% | 4h | 440.03 | +0.015% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.04 | +0.018% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.74 | −0.050% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.77 | −0.043% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.71 | −0.057% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | +0.013% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.91 | −0.011% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDTlong | 0.0000% | 8h | 439.96 | long leg | $9K | $8K | 20x | |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.161% | $1.5M | $515K | 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
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSMshort | +0.0032% | 1h | 440.08 | +0.027% | $495K | $137K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 439.76 | −0.045% | $224K | $684K | 10x | as long as short |
| BloFin TSM-USDT | +0.0043% | 8h | 439.95 | −0.002% | $45K | $105K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.30 | −0.150% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.143% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.44 | −0.118% | $10.2M | $1.8M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.42 | −0.123% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.36 | −0.136% | $157K | $27K | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0056% | 1h | 439.58 | −0.086% | $192K | $63K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.80 | −0.036% | $5K | $179K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0065% | 8h | 440.08 | +0.027% | $16K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0066% | 8h | 439.93 | −0.008% | $12.9M | $7.9M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.62 | −0.077% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.82 | −0.032% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.87 | −0.021% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.71 | −0.057% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.216% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0455% | 1h | 439.79 | −0.039% | $97 | $25K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Polymarket Perps TSM-USD
Extended TSM-USD
GRVT TSM_USDT_Perp
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL