Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter RH against Extended+0.024%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.024%, 7d avg +0.050%
=Together, before fees+0.031%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.026% cheaper against Extended than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.050%). If the spread goes back, that is −$3 on $10k: about 2.7 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 | Extended TSM-USD | 446.41 | 0 | get 0.0000% / 1h | 35m 58s | $2K | $167K | 10x |
| Short | Lighter RH TSM | 446.52 | 0.0032 | get 0.0004% / 1h | 35m 58s | $224K | $591K | 10x |
Extended TSM-USD
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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: +0.024% → +0.050%
- −$2.59
- Slippage, 4 orders
- −$17.5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$18.38
- Costs to cover
- 0.225%
- Break-even
- 26.1 days
Slippage from Extended: live order book, 40 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 Extended live order book, 40 min ago | 1.35 bp | 9.0 bp −$9 | 105.5 bp −$1,055 | 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 | +0.026% | $44K | $102K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 446.07 | −0.077% | $357K | $97K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 446.35 | −0.014% | $82K | $1K | 20x | as long as short |
| Extended TSM-USDlong | 0.0000% | 1h | 446.41 | long leg | $2K | $167K | 10x | |
| Binance TSMUSDT | 0.0000% | 8h | 446.49 | +0.017% | $13.2M | $6.7M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.17 | −0.055% | $2.0M | $414K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 446.45 | +0.008% | $4.0M | $2.9M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.06 | −0.079% | $1.7M | $907K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 446.48 | +0.015% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 446.48 | +0.016% | $553K | $84K | — | as long as short |
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
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 | +0.012% | $7K | $1.1M | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 446.50 | +0.019% | $2K | $5.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 446.14 | −0.061% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.98 | −0.321% | $1.5M | $452K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 446.52 | +0.024% | $224K | $591K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 446.21 | −0.046% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.13 | −0.064% | $10.3M | $2.4M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 446.26 | −0.035% | $196K | $90K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.07 | −0.077% | $145 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 446.31 | −0.023% | $159K | $22K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.97 | −0.099% | $271K | $322K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 446.46 | +0.010% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.48 | +0.014% | $125 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.0132% | 4h | 446.46 | +0.011% | $48K | $215K | 10x | as long as short |
| Phoenix TSM | +0.0215% | 1h | 446.45 | +0.008% | $217K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.72 | +0.965% | $7K | $38K | 12x | as long as short |
| Lighter TSM | +0.0320% | 1h | 446.94 | +0.118% | $504K | $166K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0355% | 1h | 446.36 | −0.012% | $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