Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.020%
Price spread now: Lighter RH against Bybit−0.018%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.018%, 7d avg +0.061%
=Together, before fees+0.072%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.079% cheaper against Bybit than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.061%). If the spread goes back, that is −$8 on $10k: about 8.2 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSMUSDT | 439.57 | 0 | get 0.0000% / 8h | 1h 40m | $2.0M | $396K | 50x |
| Short | Lighter RH TSM | 439.49 | 0.0032 | get 0.0004% / 1h | 40m 16s | $224K | $684K | 10x |
Bybit TSMUSDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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: −0.018% → +0.061%
- −$7.89
- Slippage, 4 orders
- −$22.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$34.41
- Costs to cover
- 0.332%
- Break-even
- 42.8 days
Slippage from Bybit: live order book, 1 min ago; Lighter RH: live order book, 2 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 Bybit live order book, 1 min ago | 1.71 bp | 13.3 bp −$13 | 66.8 bp −$668 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.05 bp | 3.2 bp −$3 | 7.9 bp −$79 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0211% | 8h | 439.69 | +0.027% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.72 | +0.034% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDTlong | 0.0000% | 8h | 439.57 | long leg | $2.0M | $396K | 50x | |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.63 | +0.014% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.48 | −0.020% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | −0.003% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.75 | +0.041% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.75 | +0.041% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.80 | +0.280% | $1.5M | $514K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.67 | +0.023% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster 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 | 439.49 | −0.018% | $224K | $684K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.27 | −0.068% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.055% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.23 | −0.077% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.44 | −0.030% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.15 | −0.096% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.12 | −0.102% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.58 | +0.002% | $3K | $181K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 439.74 | +0.039% | $12.9M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0073% | 8h | 439.60 | +0.007% | $4K | $1.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.0077% | 8h | 439.74 | +0.039% | $45K | $105K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.19 | −0.086% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.51 | −0.014% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.47 | −0.023% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.43 | −0.032% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.165% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0243% | 4h | 439.65 | +0.018% | $47K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0729% | 1h | 439.57 | 0.000% | $4 | $25K | 10x | as long as short |
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL