Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.034%
Price spread now: Lighter RH against Lighter−0.088%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$460.455% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.088%, 7d avg −0.057%
=Together, before fees−0.339%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$34 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.032% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 440.88 | 0.0032 | pay 0.0004% / 1h | 41m 26s | $496K | $176K | 10x |
| Short | Lighter RH TSM | 440.49 | 0.0032 | get 0.0004% / 1h | 41m 26s | $223K | $669K | 10x |
Lighter TSM
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $0
- Price spread: −0.088% → −0.057%
- −$3.16
- Slippage, 4 orders
- −$45.51
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$48.67
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Lighter RH: live order book, 11 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, 4 min ago | 15.07 bp | 15.1 bp −$15 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 11 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 | −0.0143% | 8h | 440.75 | −0.029% | $1.8M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.93 | +0.011% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.46 | −0.095% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 440.58 | −0.068% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 440.45 | −0.098% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.11 | +0.052% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.92 | +0.009% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.00 | +0.027% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.99 | +0.025% | $1.5M | $477K | 10x | as long as short |
| Lighter TSMlong | +0.0032% | 1h | 440.88 | long leg | $496K | $176K | 10x |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
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 TSMshort | +0.0032% | 1h | 440.49 | −0.088% | $223K | $669K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.09 | −0.179% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.16 | −0.163% | $10.3M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.35 | −0.120% | $192K | $58K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.40 | −0.109% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 440.66 | −0.050% | $157K | $22K | 10x | as long as short |
| Binance TSMUSDT | +0.0063% | 8h | 440.65 | −0.053% | $12.9M | $7.4M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.59 | −0.066% | $2K | $195K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0083% | 8h | 441.04 | +0.036% | $13K | $1.2M | 10x | as long as short |
| BloFin TSM-USDT | +0.0088% | 8h | 440.96 | +0.018% | $45K | $99K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.79 | −0.020% | $368K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.22 | −0.150% | $267K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.39 | −0.111% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.83 | −0.012% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.57 | −0.070% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.60 | +1.071% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0748% | 4h | 440.87 | −0.003% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0817% | 1h | 440.88 | 0.000% | $4 | $24K | 10x | as long as short |
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
BloFin TSM-USDT
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL