Funding you earn now, next payment 20:00 UTC−0.0227%/8hpaid last 24h −0.040%
Price spread now: BloFin against Lighter−0.155%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.398%−$40 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.155% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 446.04 | 0.0216 | pay 0.0027% / 1h | 22m 15s | $504K | $154K | 10x |
| Short | BloFin TSM-USDT | 445.35 | −0.0011 | pay 0.0011% / 8h | 4h 22m | $45K | $100K | 20x |
Lighter TSM
BloFin TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- −$47.57
- Price spread: −0.155% → 0.000%
- −$15.47
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.04
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; BloFin: no order-book sample. Net counts fees only.
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 Lighter live order book, 6 min ago | 8.86 bp | 9.1 bp −$9 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0242% | 4h | 445.51 | −0.118% | $48K | $215K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0040% | 1h | 444.71 | −0.298% | $358K | $89K | 10x | as long as short |
| BloFin TSM-USDTshort | −0.0011% | 8h | 445.35 | −0.155% | $45K | $100K | 20x | |
| Aster TSMUSDT | 0.0000% | 8h | 445.38 | −0.149% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 445.45 | −0.133% | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 445.47 | −0.128% | $13.1M | $6.5M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 445.22 | −0.184% | $2.0M | $378K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 445.45 | −0.132% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 445.25 | −0.177% | $1.7M | $884K | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 445.48 | −0.126% | $557K | $81K | — | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 | 445.49 | −0.123% | $10K | $895K | 10x | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 445.49 | −0.123% | $1K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 445.19 | −0.191% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 444.81 | −0.276% | $1.5M | $439K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 445.59 | −0.101% | $206K | $671K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 445.27 | −0.173% | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.0048% | 8h | 445.14 | −0.202% | $1.6M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 445.16 | −0.197% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 445.22 | −0.184% | $188K | $82K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 445.08 | −0.215% | $151 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 444.96 | −0.242% | $158K | $18K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 445.14 | −0.202% | $273K | $318K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 445.49 | −0.123% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 445.48 | −0.124% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0162% | 1h | 445.44 | −0.135% | $217K | $5K | 10x | as long as short |
| Lighter TSMlong | +0.0216% | 1h | 446.04 | long leg | $504K | $154K | 10x | |
| Injective TSM/USDC PERP | +0.0220% | 1h | 450.01 | +0.890% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0401% | 1h | 445.50 | −0.121% | $4 | $61K | 10x | as long as short |
GRVT TSM_USDT_Perp
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
Bitget TSMUSDT
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
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL