Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%
Price spread now: Lighter RH against Bitget−0.009%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.009%, 7d avg +0.009%
=Together, before fees+0.025%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, 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 | Bitget TSMUSDT | 444.05 | 0 | get 0.0000% / 8h | 5h 28m | $1.7M | $1.4M | 20x |
| Short | Lighter RH TSM | 444.01 | 0.0032 | get 0.0004% / 1h | 28m 24s | $221K | $644K | 10x |
Bitget TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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: −0.009% → +0.009%
- −$1.8
- Slippage, 4 orders
- −$16
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$23.08
- Costs to cover
- 0.280%
- Break-even
- 31.0 days
Slippage from Bitget: live order book, 3 min ago; Lighter RH: live order book, 34 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 Bitget live order book, 3 min ago | 3.94 bp | 10.9 bp −$11 | 21.5 bp −$215 | 50.1 bp −$5,012 | doesn't fit |
| Sell Lighter RH live order book, 34 min ago | 2.48 bp | 2.6 bp −$3 | 8.2 bp −$82 | 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 | −0.0469% | 4h | 443.92 | −0.029% | $48K | $217K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 444.32 | +0.061% | $82K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.90 | −0.034% | $2.0M | $392K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.99 | −0.014% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.94 | −0.025% | $1.7M | $957K | 100x | as long as short |
| Bitget TSMUSDTlong | 0.0000% | 8h | 444.05 | long leg | $1.7M | $1.4M | 20x | |
| Variational Omni TSM | 0.0000% | 8h | 444.17 | +0.027% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 444.06 | +0.002% | $1K | $4.4M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.0000% | 1h | 443.98 | −0.016% | $98 | $24K | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 443.81 | −0.054% | $9K | $9K | 20x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
Deribit TSM_USDC-PERPETUAL
HTX TSM-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 444.31 | +0.059% | $1.5M | $445K | 10x | as long as short |
| BloFin TSM-USDT | +0.0019% | 8h | 444.17 | +0.027% | $45K | $98K | 20x | as long as short |
| Lighter TSM | +0.0032% | 1h | 444.33 | +0.063% | $501K | $173K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 444.01 | −0.009% | $221K | $644K | 10x | |
| Binance TSMUSDT | +0.0044% | 8h | 444.08 | +0.007% | $13.0M | $6.8M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.78 | −0.061% | — | $583 | 25x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.96 | −0.021% | $1K | $191K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.66 | −0.088% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.80 | −0.056% | $197K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.70 | −0.079% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.55 | −0.113% | $159K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.71 | −0.077% | $270K | $320K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 444.05 | 0.000% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 444.06 | +0.003% | $124 | — | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0136% | 8h | 444.20 | +0.035% | $9K | $1.1M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.173% | $370K | $107K | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.98 | −0.016% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 448.49 | +1.000% | $7K | $38K | 12x | as long as short |
Phemex TSMUSDT
BloFin TSM-USDT
Lighter TSM
Binance TSMUSDT
Vest TSM-USD-PERP
Extended TSM-USD
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
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
Phoenix TSM
Injective TSM/USDC PERP