Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.047%
Price spread now: Lighter against tradeXYZ+0.156%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$640.644% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.156%, 7d avg +0.176%
=Together, before fees+0.355%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$35 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 is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.176%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.328%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 443.68 | 0.0050 | pay 0.0006% / 1h | 23m 40s | $10.2M | $2.3M | 10x |
| Short | Lighter TSM | 444.37 | 0.0032 | get 0.0004% / 1h | 23m 40s | $501K | $173K | 10x |
tradeXYZ xyz:TSM
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$3.78
- Price spread: +0.156% → +0.176%
- −$2.05
- Slippage, 4 orders
- −$46.41
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$70.24
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Lighter: live order book, 31 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 tradeXYZ live order book, 4 min ago | 1.01 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 9.45 bp | 30.5 bp −$30 | 40.3 bp −$403 | 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 | 444.33 | +0.145% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | +0.050% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 444.15 | +0.106% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.93 | +0.056% | $1.7M | $958K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 444.11 | +0.097% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.96 | +0.064% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.10 | +0.095% | $2K | $4.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 443.92 | +0.054% | $4 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.92 | +0.054% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.26 | +0.131% | $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 TSMshort | +0.0032% | 1h | 444.37 | +0.156% | $501K | $173K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 444.02 | +0.077% | $221K | $645K | 10x | as long as short |
| Binance TSMUSDT | +0.0034% | 8h | 444.14 | +0.105% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0040% | 1h | 444.04 | +0.080% | $1K | $191K | 10x | as long as short |
| BloFin TSM-USDT | +0.0040% | 8h | 443.99 | +0.070% | $45K | $98K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.74 | +0.014% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 443.68 | long leg | $10.2M | $2.3M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.81 | +0.029% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.78 | +0.023% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.38 | −0.068% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.86 | +0.041% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.02 | +0.077% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.06 | +0.085% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0111% | 8h | 443.98 | +0.068% | $9K | $1.1M | 10x | as long as short |
| edgeX TSMUSDC | +0.0113% | 4h | 443.96 | +0.064% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.090% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.71 | +0.007% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.084% | $7K | $38K | 12x | as long as short |
Lighter RH TSM
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
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