Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.024%
Price spread now: SunX against Lighter RH+0.100%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2542.537% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.100%, 7d avg −0.034%
=Together, before fees−0.271%+ Points / potential airdropLighter RH: Points live · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.133% dearer against Lighter RH than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.034%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 441.82 | 0.0032 | pay 0.0004% / 1h | 9m 21s | $220K | $643K | 10x |
| Short | SunX TSM-USDT | 442.26 | 0 | get 0.0000% / 8h | 4h 09m | $1K | $4.3M | 10x |
Lighter RH TSM
SunX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Lighter RH. 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: +0.100% → −0.034%
- $13.34
- Slippage, 4 orders
- −$245.68
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$247.06
- Costs to cover
- 2.537%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 48 min ago; SunX: live order book, 9 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 RH live order book, 48 min ago | 1.58 bp | 2.1 bp −$2 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 44.71 bp | 126.9 bp −$127 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0631% | 4h | 441.78 | −0.008% | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0081% | 8h | 441.95 | +0.029% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.14 | +0.072% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.70 | −0.027% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.11 | +0.066% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.86 | +0.009% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.78 | −0.008% | $547K | $40K | — | as long as short |
| SunX TSM-USDTshort | 0.0000% | 8h | 442.26 | +0.100% | $1K | $4.3M | 10x | |
| HTX TSM-USDT | 0.0000% | 8h | 442.13 | +0.070% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 442.07 | +0.057% | $1.5M | $473K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
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 | 441.90 | +0.018% | $498K | $176K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 441.82 | long leg | $220K | $643K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.63 | −0.043% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.72 | −0.023% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.80 | −0.005% | $192K | $55K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.68 | −0.032% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.63 | −0.043% | $158K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0072% | 8h | 442.12 | +0.068% | $13.0M | $7.3M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 442.00 | +0.040% | $6K | $195K | 10x | as long as short |
| BloFin TSM-USDT | +0.0091% | 8h | 442.00 | +0.041% | $45K | $99K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.50 | −0.072% | $268K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.92 | +0.023% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.03 | +0.047% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0107% | 8h | 441.95 | +0.030% | $10K | $1.2M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.233% | $368K | $102K | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.79 | −0.007% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.329% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0860% | 1h | 442.03 | +0.048% | $4 | $24K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL