Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.008%
Price spread now: Lighter RH against KuCoin+0.093%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2302.299% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.093%, 7d avg +0.101%
=Together, before fees−0.205%+ Points / potential airdropLighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.101%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 440.36 | 0.0100 | pay 0.0100% / 8h | 2h 07m | $267K | $310K | 20x |
| Short | Lighter RH TSM | 440.77 | 0.0032 | get 0.0004% / 1h | 7m 27s | $225K | $689K | 10x |
KuCoin TSMUSDTM
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against KuCoin. 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
- −$14.28
- Price spread: +0.093% → +0.101%
- −$0.83
- Slippage, 4 orders
- −$217.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$245.03
- Costs to cover
- 2.299%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 50 min ago; Lighter RH: live order book, 40 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 KuCoin live order book, 50 min ago | 13.84 bp | 137.6 bp −$138 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 40 min ago | 2.27 bp | 2.8 bp −$3 | 9.2 bp −$92 | 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 | −0.0617% | 4h | 440.90 | +0.122% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0204% | 8h | 440.97 | +0.139% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.71 | +0.080% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.67 | +0.070% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.85 | +0.111% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.73 | +0.084% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.87 | +0.115% | $553K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.00 | +0.145% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.90 | +0.123% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.30 | +0.213% | $1.5M | $512K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
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 TSM | +0.0032% | 1h | 440.82 | +0.104% | $496K | $138K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 440.77 | +0.093% | $225K | $689K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.35 | −0.002% | — | $1K | 25x | as long as short |
| GRVT TSM_USDT_Perp | +0.0046% | 8h | 440.88 | +0.118% | $5K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.43 | +0.016% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.62 | +0.059% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.53 | +0.039% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.73 | +0.084% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0053% | 8h | 441.00 | +0.145% | $12.9M | $7.8M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.86 | +0.114% | $5K | $183K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.234% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0079% | 8h | 441.06 | +0.159% | $45K | $104K | 20x | as long as short |
| KuCoin TSMUSDTMlong | +0.0100% | 8h | 440.36 | long leg | $267K | $310K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.79 | +0.098% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.88 | +0.118% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.78 | +0.095% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +0.974% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0704% | 1h | 440.83 | +0.107% | $4 | $24K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
GRVT TSM_USDT_Perp
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL