Funding you earn now, next payment 01:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h −0.060%
Price spread now: Gate against Lighter−0.192%7-day average −0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$530.533% of the position
Funding, last 7 days−0.409%−$41 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.192%, 7d avg −0.139%
=Together, before fees−0.347%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.054% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.139%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 447.85 | 0.0320 | pay 0.0040% / 1h | 0m 41s | $505K | $167K | 10x |
| Short | Gate TSM_USDT | 446.99 | 0 | get 0.0000% / 8h | 7h 00m | $1.7M | $930K | 100x |
Lighter TSM
Gate TSM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$67.2
- Price spread: −0.192% → −0.139%
- −$5.35
- Slippage, 4 orders
- −$38.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$125.85
- Costs to cover
- 0.533%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 64 min ago; Gate: live order book, 2 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 Lighter live order book, 64 min ago | 8.38 bp | 8.4 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.46 bp | 14.3 bp −$14 | 36.7 bp −$367 | 48.6 bp −$4,857 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 447.30 | −0.123% | $359K | $100K | 10x | as long as short |
| BloFin TSM-USDT | −0.0012% | 8h | 447.20 | −0.145% | $45K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.18 | −0.150% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 447.04 | −0.181% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.11 | −0.166% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.85 | −0.223% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.13 | −0.161% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDTshort | 0.0000% | 8h | 446.99 | −0.192% | $1.7M | $930K | 100x | |
| Bitget TSMUSDT | 0.0000% | 8h | 447.37 | −0.107% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 447.08 | −0.173% | $554K | $82K | — | as long as short |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Bitget TSMUSDT
Variational Omni TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.14 | −0.159% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.29 | −0.125% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.16 | −0.154% | $1.5M | $456K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.11 | −0.165% | $229K | $657K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.08 | −0.172% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.86 | −0.221% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.00 | −0.190% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.88 | −0.217% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.27 | −0.130% | $158K | $22K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0065% | 8h | 447.55 | −0.066% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.96 | −0.199% | $271K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.11 | −0.165% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.85 | −0.223% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.42 | −0.096% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.09 | +0.947% | $7K | $38K | 12x | as long as short |
| Lighter TSMlong | +0.0320% | 1h | 447.85 | long leg | $505K | $167K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0377% | 1h | 447.07 | −0.174% | $98 | $32K | 10x | as long as short |
| edgeX TSMUSDC | +0.0572% | 4h | 447.21 | −0.144% | $48K | $216K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
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
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL
edgeX TSMUSDC