Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.044%
Price spread now: tradeXYZ against Lighter−0.147%7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.147%, 7d avg −0.175%
=Together, before fees−0.354%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.175%. Mind the row above: over the last 7 days funding on this pair cost −0.324%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 441.72 | 0.0032 | pay 0.0004% / 1h | 33m 22s | $497K | $176K | 10x |
| Short | tradeXYZ xyz:TSM | 441.07 | 0.0050 | get 0.0006% / 1h | 33m 22s | $10.2M | $2.2M | 10x |
Lighter TSM
tradeXYZ xyz:TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: −0.147% → −0.175%
- $2.82
- Slippage, 4 orders
- −$32.85
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$44.25
- Costs to cover
- 0.508%
- Break-even
- 88.9 days
Slippage from Lighter: live order book, 17 min ago; tradeXYZ: live order book, 5 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, 17 min ago | 6.55 bp | 6.6 bp −$7 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.79 bp | 12.5 bp −$12 | doesn't fit | 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 | −0.0026% | 8h | 441.57 | −0.034% | $1.7M | $1.4M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.67 | −0.010% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 441.37 | −0.079% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 441.54 | −0.041% | $4.0M | $2.5M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 441.30 | −0.095% | $1.7M | $1.0M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.54 | −0.041% | $547K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.56 | −0.036% | $2K | $4.3M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.63 | −0.020% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.92 | +0.045% | $1.5M | $466K | 10x | as long as short |
| Lighter TSMlong | +0.0032% | 1h | 441.72 | long leg | $497K | $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 TSM | +0.0032% | 1h | 441.43 | −0.066% | $220K | $643K | 10x | as long as short |
| BloFin TSM-USDT | +0.0039% | 8h | 441.61 | −0.025% | $45K | $99K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 441.00 | −0.163% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSMshort | +0.0050% | 1h | 441.07 | −0.147% | $10.2M | $2.2M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.21 | −0.115% | $194K | $53K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.11 | −0.138% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 441.09 | −0.143% | $158K | $23K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 441.45 | −0.061% | $1K | $190K | 10x | as long as short |
| Binance TSMUSDT | +0.0069% | 8h | 441.56 | −0.036% | $13.0M | $7.1M | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.17 | −0.125% | $268K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 441.54 | −0.041% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 441.44 | −0.062% | $124 | — | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0120% | 1h | 440.79 | −0.211% | $368K | $102K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0130% | 8h | 441.53 | −0.042% | $5K | $1.2M | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 441.31 | −0.093% | $215K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 447.69 | +1.352% | $7K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0718% | 4h | 441.59 | −0.030% | $48K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0793% | 1h | 441.45 | −0.061% | $4 | $24K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
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
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL