Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against Ondo Perps−0.030%7-day average +0.096% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.030%, 7d avg +0.096%
=Together, before fees+0.028%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.125% cheaper against Ondo Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 439.43 | 0.0050 | pay 0.0006% / 1h | 32m 48s | $158K | $27K | 10x |
| Short | Lighter RH TSM | 439.30 | 0.0032 | get 0.0004% / 1h | 32m 48s | $221K | $720K | 10x |
Ondo Perps TSM-USD.P
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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
- −$3.86
- Price spread: −0.030% → +0.096%
- −$12.54
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.41
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 5 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 2.05 bp | 2.0 bp −$2 | 9.2 bp −$92 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0141% | 8h | 439.68 | +0.057% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.19 | +0.400% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.24 | −0.043% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.65 | +0.050% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.43 | 0.000% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.61 | +0.042% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.62 | +0.043% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.38 | −0.011% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.69 | +0.287% | $1.5M | $529K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.61 | +0.041% | $496K | $188K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSMshort | +0.0032% | 1h | 439.30 | −0.030% | $221K | $720K | 10x | |
| BloFin TSM-USDT | +0.0033% | 8h | 439.70 | +0.061% | $45K | $107K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.18 | −0.057% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.12 | −0.071% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.36 | −0.016% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.07 | −0.082% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 439.43 | long leg | $158K | $27K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | −0.023% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 439.71 | +0.063% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.52 | +0.021% | $8K | $216K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 439.52 | +0.022% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.15 | −0.064% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.48 | +0.011% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.35 | −0.019% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.38 | −0.011% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.045% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0571% | 4h | 439.70 | +0.061% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0798% | 1h | 439.51 | +0.018% | $4 | $25K | 10x | as long as short |
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL