Funding you earn now, next payment 06:00 UTC−0.0435%/8h= −47.6% APRpaid last 24h +0.021%
Price spread now: Lighter against edgeX+0.088%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days+0.469%+$47 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.088%, 7d avg +0.082%
=Together, before fees+0.432%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.469%, 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 | edgeX TSMUSDC | 439.42 | 0.0467 | pay 0.0233% / 4h | 2h 23m | $47K | $215K | 10x |
| Short | Lighter TSM | 439.80 | 0.0032 | get 0.0004% / 1h | 23m 28s | $495K | $138K | 10x |
edgeX TSMUSDC
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$91.33
- Price spread: +0.088% → +0.082%
- $0.54
- Slippage, 4 orders
- −$47.45
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$147.24
- Costs to cover
- 0.564%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 23 min ago; Lighter: live order book, 17 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 edgeX live order book, 23 min ago | 5.55 bp | 10.2 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 17 min ago | 13.16 bp | 22.9 bp −$23 | 27.5 bp −$275 | 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 | −0.0247% | 8h | 439.93 | +0.117% | $1.7M | $1.6M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.85 | +0.100% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.62 | +0.047% | $2.0M | $399K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.75 | +0.076% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.74 | +0.074% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.55 | +0.031% | $551K | $30K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.88 | +0.106% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.46 | +0.010% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.22 | +0.411% | $1.5M | $506K | 10x | as long as short |
| Lighter TSMshort | +0.0032% | 1h | 439.80 | +0.088% | $495K | $138K | 10x |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.80 | +0.088% | $219K | $681K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.50 | +0.019% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.50 | +0.019% | $10.2M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.61 | +0.044% | $192K | $63K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.28 | −0.031% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.61 | +0.044% | $158K | $26K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0052% | 8h | 439.76 | +0.078% | $13K | $1.3M | 10x | as long as short |
| Binance TSMUSDT | +0.0054% | 8h | 439.92 | +0.115% | $12.8M | $7.7M | 20x | as long as short |
| Extended TSM-USD | +0.0056% | 1h | 439.78 | +0.083% | $5K | $183K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0072% | 1h | 439.33 | −0.019% | $366K | $102K | 10x | as long as short |
| BloFin TSM-USDT | +0.0077% | 8h | 439.93 | +0.117% | $45K | $103K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.44 | +0.006% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.73 | +0.072% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.74 | +0.075% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 439.44 | +0.006% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.65 | +1.191% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDClong | +0.0467% | 4h | 439.42 | long leg | $47K | $215K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0729% | 1h | 439.72 | +0.069% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Binance TSMUSDT
Extended TSM-USD
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL