Funding you earn now, next payment 10:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.017%
Price spread now: Lighter against Orderly+0.011%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TSM_USDC_mythos | 440.25 | 0.0100 | pay 0.0100% / 8h | 6h 16m | $21 | — | 10x |
| Short | Lighter TSM | 440.30 | 0.0032 | get 0.0004% / 1h | 16m 18s | $496K | $143K | 10x |
Orderly PERP_TSM_USDC_mythos
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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: +0.011% → 0.000%
- $1.14
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.14
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 30 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 30 min ago | 10.34 bp | 27.5 bp −$27 | 33.3 bp −$333 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 439.42 | −0.189% | $372K | $98K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.21 | −0.010% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.00 | −0.057% | $2.0M | $397K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.36 | +0.025% | $4.0M | $2.7M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.08 | −0.039% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 440.35 | +0.023% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.18 | −0.015% | $551K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.36 | +0.025% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.23 | −0.005% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 439.85 | −0.091% | $1.5M | $545K | 10x | as long as short |
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSMshort | +0.0032% | 1h | 440.30 | +0.011% | $496K | $143K | 10x | |
| Lighter RH TSM | +0.0040% | 1h | 440.27 | +0.005% | $195K | $726K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.78 | −0.107% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.06 | −0.043% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.05 | −0.045% | $186K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.97 | −0.064% | $133 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.01 | −0.055% | $158K | $27K | 10x | as long as short |
| Binance TSMUSDT | +0.0053% | 8h | 440.37 | +0.026% | $13.0M | $8.3M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 440.24 | −0.002% | $5K | $215K | 10x | as long as short |
| BloFin TSM-USDT | +0.0062% | 8h | 440.25 | 0.000% | $45K | $113K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.85 | −0.091% | $267K | $416K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythoslong | +0.0100% | 8h | 440.25 | long leg | $21 | — | 10x | |
| Aevo TSM-PERP | +0.0104% | 1h | 440.18 | −0.015% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 440.18 | −0.016% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.840% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0236% | 8h | 440.21 | −0.009% | $9K | $1.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0750% | 1h | 440.23 | −0.005% | $4 | $11K | 10x | as long as short |
| edgeX TSMUSDC | +0.0767% | 4h | 440.20 | −0.011% | $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
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
KuCoin TSMUSDTM
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC