Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.062%
Price spread now: Lighter against Gate+0.091%7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$600.599% of the position
Funding, last 7 days+0.406%+$41 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.091%, 7d avg +0.139%
=Together, before fees+0.424%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.139%). If the spread goes back, that is −$5 on $10k: about 5.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.406% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 441.22 | 0 | get 0.0000% / 8h | 4h 38m | $1.7M | $1.0M | 100x |
| Short | Lighter TSM | 441.62 | 0.0032 | get 0.0004% / 1h | 38m 31s | $497K | $175K | 10x |
Gate TSM_USDT
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.091% → +0.139%
- −$4.78
- Slippage, 4 orders
- −$44.94
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$58
- Costs to cover
- 0.599%
- Break-even
- 67.4 days
Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 12 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 Gate live order book, 4 min ago | 5.10 bp | 13.0 bp −$13 | 94.9 bp −$949 | 153.3 bp −$15.3K | doesn't fit |
| Sell Lighter live order book, 12 min ago | 6.55 bp | 21.8 bp −$22 | 28.3 bp −$283 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | 0.0000% | 8h | 441.55 | +0.074% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.29 | +0.016% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.44 | +0.050% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 441.22 | long leg | $1.7M | $1.0M | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 441.43 | +0.048% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.51 | +0.066% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.46 | +0.054% | $1K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.41 | +0.043% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.80 | +0.131% | $1.5M | $462K | 10x | as long as short |
| Lighter TSMshort | +0.0032% | 1h | 441.62 | +0.091% | $497K | $175K | 10x |
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
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 | 441.33 | +0.025% | $221K | $643K | 10x | as long as short |
| BloFin TSM-USDT | +0.0044% | 8h | 441.68 | +0.104% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.92 | −0.068% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 441.03 | −0.043% | $10.2M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.13 | −0.020% | $194K | $52K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.09 | −0.029% | $139 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.02 | −0.045% | $158K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.36 | +0.032% | $1K | $190K | 10x | as long as short |
| Binance TSMUSDT | +0.0065% | 8h | 441.47 | +0.057% | $13.0M | $7.1M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.11 | −0.025% | $268K | $316K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.31 | +0.020% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.35 | +0.029% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.097% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0122% | 8h | 441.58 | +0.081% | $16K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.34 | +0.027% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.466% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0227% | 4h | 441.29 | +0.015% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0566% | 1h | 441.31 | +0.020% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL