Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.065%
Price spread now: HTX against Lighter−0.061%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 −$1 a day on $10k at the current rate, and HTX is 0.061% cheaper against Lighter than usual: you would sell low and buy high (−$6 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 | 444.03 | 0.0032 | pay 0.0004% / 1h | 49m 22s | $501K | $173K | 10x |
| Short | HTX TSM-USDT | 443.76 | 0 | get 0.0000% / 8h | 5h 49m | $9K | $9K | 20x |
Lighter TSM
HTX TSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$6.72
- Price spread: −0.061% → 0.000%
- −$6.08
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$24.8
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; HTX: 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 | 9.45 bp | 9.5 bp −$9 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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 27 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 | −0.0267% | 4h | 443.83 | −0.045% | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 443.78 | −0.055% | $81K | $1K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 443.45 | −0.131% | $2.0M | $391K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 443.64 | −0.088% | $4.0M | $2.4M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 443.53 | −0.113% | $1.7M | $947K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 443.84 | −0.043% | $1.7M | $1.4M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 443.88 | −0.034% | $550K | $61K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 443.90 | −0.029% | $2K | $4.4M | 10x | as long as short |
| HTX TSM-USDTshort | 0.0000% | 8h | 443.76 | −0.061% | $9K | $9K | 20x | |
| Phemex TSMUSDT | 0.0000% | 8h | 443.92 | −0.025% | $1.5M | $441K | 10x | as long as short |
edgeX TSMUSDC
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
Phemex TSMUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TSMlong | +0.0032% | 1h | 444.03 | long leg | $501K | $173K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 443.64 | −0.088% | $222K | $644K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 443.45 | −0.131% | — | $583 | 25x | as long as short |
| Binance TSMUSDT | +0.0047% | 8h | 443.75 | −0.063% | $13.0M | $6.8M | 20x | as long as short |
| Extended TSM-USD | +0.0048% | 1h | 443.64 | −0.089% | $1K | $197K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 443.30 | −0.164% | $10.2M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 443.49 | −0.122% | $196K | $51K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 443.35 | −0.153% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 443.41 | −0.140% | $160K | $23K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 443.25 | −0.176% | $269K | $319K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 443.67 | −0.081% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 443.77 | −0.058% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0152% | 1h | 443.28 | −0.169% | $370K | $107K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0187% | 8h | 443.91 | −0.027% | $8K | $1.1M | 10x | as long as short |
| Phoenix TSM | +0.0217% | 1h | 443.77 | −0.059% | $216K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.81 | +0.851% | $7K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0224% | 1h | 443.69 | −0.077% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Binance TSMUSDT
Extended TSM-USD
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
Coinbase International TSM-PERP-INTX
GRVT TSM_USDT_Perp
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL