Funding you earn now, next payment 20:00 UTC+0.0032%/8hpaid last 24h +0.025%
Price spread now: Lighter RH against Binance+0.029%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 1 day (all we have)+0.059%+$6 · spread now +0.029%, 7d avg +0.030%
=Together, before fees+0.396%+ Points / potential airdropLighter RH: Points live · farm board+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 445.41 | 0 | get 0.0000% / 8h | 4h 22m | $13.1M | $6.5M | 20x |
| Short | Lighter RH TSM | 445.54 | 0.0032 | get 0.0004% / 1h | 22m 58s | $206K | $671K | 10x |
Binance TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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: +0.029% → +0.030%
- −$0.06
- Slippage, 4 orders
- −$11.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$14.58
- Costs to cover
- 0.212%
- Break-even
- 22.2 days
Slippage from Binance: live order book, 5 min ago; Lighter RH: 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 Binance live order book, 5 min ago | 0.67 bp | 8.5 bp −$8 | 17.6 bp −$176 | 69.8 bp −$6,982 | doesn't fit |
| Sell Lighter RH live order book, 9 min ago | 0.79 bp | 4.0 bp −$4 | 10.3 bp −$103 | 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 | −0.0242% | 4h | 445.51 | +0.023% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0040% | 1h | 444.71 | −0.157% | $358K | $89K | 10x | as long as short |
| BloFin TSM-USDT | −0.0011% | 8h | 445.35 | −0.013% | $45K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 445.31 | −0.023% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.34 | −0.015% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDTlong | 0.0000% | 8h | 445.41 | long leg | $13.1M | $6.5M | 20x | |
| Bybit TSMUSDT | 0.0000% | 8h | 445.22 | −0.043% | $2.0M | $378K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.32 | −0.020% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.14 | −0.061% | $1.7M | $884K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.48 | +0.015% | $557K | $81K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TSM_USDT_Perp | 0.0000% | 8h | 445.49 | +0.018% | $10K | $895K | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.37 | −0.009% | $1K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.19 | −0.049% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.81 | −0.135% | $1.5M | $439K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 445.54 | +0.029% | $206K | $671K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.25 | −0.036% | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.0049% | 8h | 445.14 | −0.061% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.11 | −0.067% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.14 | −0.061% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.10 | −0.070% | $151 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.96 | −0.101% | $158K | $18K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.08 | −0.074% | $273K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.41 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.42 | +0.002% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.44 | +0.007% | $217K | $5K | 10x | as long as short |
| Lighter TSM | +0.0208% | 1h | 445.96 | +0.123% | $504K | $154K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.01 | +1.033% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0334% | 1h | 445.39 | −0.004% | $4 | $61K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Vest TSM-USD-PERP
Bitget TSMUSDT
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Lighter TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL