Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.023%
Price spread now: Lighter RH against OKX0.000%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now 0.000%, 7d avg +0.064%
=Together, before fees+0.050%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.064% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.064%). If the spread goes back, that is −$6 on $10k: about 6.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 440.67 | 0 | get 0.0000% / 8h | 3h 04m | $4.0M | $2.5M | 20x |
| Short | Lighter RH TSM | 440.67 | 0.0032 | get 0.0004% / 1h | 4m 33s | $219K | $677K | 10x |
OKX TSM-USDT-SWAP
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against OKX. 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: 0.000% → +0.064%
- −$6.45
- Slippage, 4 orders
- −$11.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.23
- Costs to cover
- 0.215%
- Break-even
- 29.1 days
Slippage from OKX: live order book, 3 min ago; Lighter RH: live order book, 48 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 OKX live order book, 3 min ago | 0.11 bp | 9.1 bp −$9 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 48 min ago | 1.81 bp | 2.2 bp −$2 | 6.3 bp −$63 | 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 | −0.0980% | 4h | 440.31 | −0.083% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0223% | 8h | 440.66 | −0.002% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.78 | +0.025% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.52 | −0.034% | $2.0M | $389K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 440.67 | long leg | $4.0M | $2.5M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 440.47 | −0.045% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.47 | −0.045% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.63 | −0.009% | $2K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.28 | −0.089% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.85 | +0.041% | $1.5M | $489K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
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 | 440.46 | −0.048% | $496K | $176K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 440.67 | 0.000% | $219K | $677K | 10x | |
| BloFin TSM-USDT | +0.0034% | 8h | 440.54 | −0.030% | $45K | $101K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.06 | −0.138% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.31 | −0.082% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.30 | −0.084% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.11 | −0.127% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | −0.166% | $156K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 440.85 | +0.042% | $12.9M | $7.5M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.64 | −0.006% | $5K | $188K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0069% | 8h | 440.45 | −0.049% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.145% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.27 | −0.091% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.48 | −0.043% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.43 | −0.054% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.27 | −0.091% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.19 | +1.026% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0295% | 1h | 440.43 | −0.054% | $4 | $24K | 10x | as long as short |
Lighter TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
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