Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter RH against Coinbase International+0.101%7-day average +0.249% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 3 days (all we have)+0.011%+$1 · spread now +0.101%, 7d avg +0.249%
=Together, before fees+0.262%+ Points / potential airdropLighter RH: Points live · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.148% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.101% now, against its 7-day average of +0.249%). If the spread goes back, that is −$15 on $10k: about 8.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.251% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 446.07 | −0.0024 | get 0.0003% / 1h | 36m 00s | $357K | $97K | 10x |
| Short | Lighter RH TSM | 446.52 | 0.0032 | get 0.0004% / 1h | 36m 00s | $224K | $591K | 10x |
Coinbase International TSM-PERP-INTX
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Coinbase International. 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
- $11.76
- Price spread: +0.101% → +0.249%
- −$14.8
- Slippage, 4 orders
- −$13.78
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$26.82
- Costs to cover
- 0.238%
- Break-even
- 23.0 days
Slippage from Coinbase International: live order book, 42 min ago; Lighter RH: live order book, 41 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 Coinbase International live order book, 42 min ago | 4.49 bp | 10.3 bp −$10 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 41 min ago | 1.68 bp | 2.0 bp −$2 | 6.7 bp −$67 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TSM-USDT | −0.0024% | 8h | 446.53 | +0.103% | $44K | $102K | 20x | as long as short |
| Coinbase International TSM-PERP-INTXlong | −0.0024% | 1h | 446.07 | long leg | $357K | $97K | 10x | |
| Aster TSMUSDT | 0.0000% | 8h | 446.35 | +0.063% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.41 | +0.077% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 446.49 | +0.094% | $13.2M | $6.7M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.17 | +0.022% | $2.0M | $414K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.45 | +0.085% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.06 | −0.002% | $1.7M | $907K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.48 | +0.092% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.48 | +0.093% | $553K | $84K | — | as long as short |
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
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 | 446.47 | +0.090% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.50 | +0.096% | $2K | $5.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.14 | +0.016% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.98 | −0.244% | $1.5M | $452K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 446.52 | +0.101% | $224K | $591K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.21 | +0.031% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.13 | +0.013% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.26 | +0.043% | $196K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.07 | 0.000% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.31 | +0.054% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.97 | −0.022% | $271K | $322K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.46 | +0.087% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.48 | +0.092% | $125 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0132% | 4h | 446.46 | +0.088% | $48K | $215K | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.45 | +0.085% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +1.042% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0320% | 1h | 446.94 | +0.195% | $504K | $166K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0355% | 1h | 446.36 | +0.065% | $4 | $61K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Vest TSM-USD-PERP
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
edgeX TSMUSDC
Phoenix TSM
Injective TSM/USDC PERP
Lighter TSM
Deribit TSM_USDC-PERPETUAL