Funding you earn now, next payment 05:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.050%
Price spread now: Binance against Lighter−0.019%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.652%−$65 on $10k
+Price spread, last 4 days (all we have)−0.238%−$24 · spread now −0.019%, 7d avg −0.073%
=Together, before fees−0.890%+ Points / potential airdropLighter: Season 3 · farm board−$89 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.054% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.652%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 441.06 | 0.0032 | pay 0.0004% / 1h | 44m 14s | $497K | $176K | 10x |
| Short | Binance TSMUSDT | 440.98 | 0.0063 | get 0.0063% / 8h | 3h 44m | $12.9M | $7.3M | 20x |
Lighter TSM
Binance TSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $6.56
- Price spread: −0.019% → −0.073%
- $5.41
- Slippage, 4 orders
- −$36.74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$34.77
- Costs to cover
- 0.467%
- Break-even
- 44.1 days
Slippage from Lighter: live order book, 66 min ago; Binance: 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 Lighter live order book, 66 min ago | 6.55 bp | 6.6 bp −$7 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.68 bp | 9.3 bp −$9 | 19.9 bp −$199 | 87.7 bp −$8,770 | 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 | −0.0130% | 8h | 441.00 | −0.014% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.44 | +0.085% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.81 | −0.057% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.97 | −0.020% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.77 | −0.066% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.11 | +0.011% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.01 | −0.011% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.00 | −0.014% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.04 | −0.005% | $1.5M | $477K | 10x | as long as short |
| Lighter TSMlong | +0.0032% | 1h | 441.06 | long leg | $497K | $176K | 10x |
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 RH TSM | +0.0032% | 1h | 440.84 | −0.050% | $231K | $654K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.46 | −0.136% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.52 | −0.122% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.76 | −0.068% | $193K | $56K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.53 | −0.120% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.56 | −0.113% | $158K | $22K | 10x | as long as short |
| Binance TSMUSDTshort | +0.0063% | 8h | 440.98 | −0.019% | $12.9M | $7.3M | 20x | |
| Extended TSM-USD | +0.0064% | 1h | 440.86 | −0.046% | $2K | $200K | 10x | as long as short |
| BloFin TSM-USDT | +0.0066% | 8h | 440.94 | −0.027% | $45K | $99K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0085% | 8h | 440.88 | −0.042% | $13K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.061% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.75 | −0.070% | $268K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.93 | −0.029% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.94 | −0.026% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.78 | −0.063% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.91 | +1.100% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0431% | 1h | 440.85 | −0.048% | $4 | $24K | 10x | as long as short |
| edgeX TSMUSDC | +0.0656% | 4h | 441.11 | +0.012% | $47K | $217K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC