Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.035%
Price spread now: KuCoin against Lighter−0.101%7-day average −0.160% · you buy dearer than you sell
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1941.942% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.101%, 7d avg −0.160%
=Together, before fees−0.170%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.059% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.160%. Mind the row above: over the last 7 days funding on this pair cost −0.199%, 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 | 444.37 | 0.0032 | pay 0.0004% / 1h | 23m 50s | $501K | $173K | 10x |
| Short | KuCoin TSMUSDTM | 443.92 | 0.0100 | get 0.0100% / 8h | 5h 23m | $270K | $320K | 20x |
Lighter TSM
KuCoin TSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.28
- Price spread: −0.101% → −0.160%
- $5.89
- Slippage, 4 orders
- −$182.18
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$174.01
- Costs to cover
- 1.942%
- Break-even
- 92.3 days
Slippage from Lighter: live order book, 31 min ago; KuCoin: live order book, 73 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, 31 min ago | 9.45 bp | 9.5 bp −$9 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 73 min ago | 14.40 bp | 62.1 bp −$62 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 444.32 | −0.012% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | −0.106% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.16 | −0.047% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.90 | −0.106% | $1.7M | $958K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.10 | −0.061% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.96 | −0.091% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.10 | −0.061% | $2K | $4.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 443.92 | −0.101% | $4 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.92 | −0.101% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.26 | −0.025% | $1.5M | $445K | 10x | as long as short |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSMlong | +0.0032% | 1h | 444.37 | long leg | $501K | $173K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 444.07 | −0.068% | $221K | $645K | 10x | as long as short |
| Binance TSMUSDT | +0.0037% | 8h | 444.14 | −0.052% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 444.03 | −0.077% | $1K | $191K | 10x | as long as short |
| BloFin TSM-USDT | +0.0040% | 8h | 443.99 | −0.086% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.74 | −0.142% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.68 | −0.155% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.81 | −0.126% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.78 | −0.133% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.38 | −0.223% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTMshort | +0.0100% | 8h | 443.92 | −0.101% | $270K | $320K | 20x | |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.02 | −0.079% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.06 | −0.070% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0111% | 8h | 443.98 | −0.088% | $9K | $1.1M | 10x | as long as short |
| edgeX TSMUSDC | +0.0113% | 4h | 443.96 | −0.091% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.245% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.71 | −0.149% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +0.927% | $7K | $38K | 12x | as long as short |
Lighter RH TSM
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP