Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.023%
Price spread now: Lighter RH against Gate+0.045%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.045%, 7d avg +0.081%
=Together, before fees+0.040%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.081%). If the spread goes back, that is −$4 on $10k: about 3.7 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 | Gate TSM_USDT | 440.51 | 0 | get 0.0000% / 8h | 3h 15m | $1.7M | $1.1M | 100x |
| Short | Lighter RH TSM | 440.71 | 0.0032 | get 0.0004% / 1h | 15m 45s | $220K | $676K | 10x |
Gate TSM_USDT
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.045% → +0.081%
- −$3.53
- Slippage, 4 orders
- −$18.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$30.26
- Costs to cover
- 0.335%
- Break-even
- 38.5 days
Slippage from Gate: live order book, 2 min ago; Lighter RH: live order book, 37 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, 2 min ago | 3.52 bp | 14.4 bp −$14 | 90.2 bp −$902 | 145.5 bp −$14.6K | doesn't fit |
| Sell Lighter RH live order book, 37 min ago | 1.81 bp | 2.2 bp −$2 | 6.3 bp −$63 | 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 | −0.0208% | 8h | 440.77 | +0.059% | $1.8M | $1.5M | 20x | as long as short |
| edgeX TSMUSDC | −0.0059% | 4h | 440.93 | +0.095% | $47K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.67 | +0.036% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.55 | +0.009% | $2.0M | $388K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.55 | +0.009% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDTlong | 0.0000% | 8h | 440.51 | long leg | $1.7M | $1.1M | 100x | |
| Variational Omni TSM | 0.0000% | 8h | 440.72 | +0.048% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.78 | +0.061% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.75 | +0.054% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.81 | +0.068% | $1.5M | $486K | 10x | as long as short |
Bitget TSMUSDT
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
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 TSM | +0.0032% | 1h | 440.82 | +0.070% | $496K | $176K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 440.71 | +0.045% | $220K | $676K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.31 | −0.045% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.30 | −0.048% | $10.2M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.41 | −0.023% | $192K | $60K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.25 | −0.059% | $140 | $3K | 10x | as long as short |
| BloFin TSM-USDT | +0.0050% | 8h | 440.58 | +0.016% | $45K | $100K | 20x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.97 | −0.123% | $156K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.66 | +0.034% | $4K | $194K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 440.80 | +0.065% | $12.9M | $7.5M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0081% | 8h | 440.78 | +0.062% | $8K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.109% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.31 | −0.045% | $268K | $312K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.59 | +0.018% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.67 | +0.036% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.38 | −0.030% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.45 | +1.121% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0340% | 1h | 440.60 | +0.020% | $4 | $24K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
BloFin TSM-USDT
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL