Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.023%
Price spread now: OKX against Lighter RH+0.039%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.039%, 7d avg −0.064%
=Together, before fees−0.089%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.103% dearer against Lighter RH than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.064%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 440.90 | 0.0032 | pay 0.0004% / 1h | 3m 12s | $220K | $677K | 10x |
| Short | OKX TSM-USDT-SWAP | 441.07 | 0 | get 0.0000% / 8h | 3h 03m | $4.0M | $2.5M | 20x |
Lighter RH TSM
OKX TSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Lighter RH. 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: +0.039% → −0.064%
- $10.31
- Slippage, 4 orders
- −$11.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$17.91
- Costs to cover
- 0.215%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 49 min ago; OKX: live order book, 4 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 RH live order book, 49 min ago | 1.81 bp | 2.2 bp −$2 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.11 bp | 8.0 bp −$8 | 21.6 bp −$216 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.0602% | 4h | 440.50 | −0.092% | $47K | $217K | 10x | as long as short |
| Bitget TSMUSDT | −0.0222% | 8h | 441.13 | +0.052% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 440.89 | −0.002% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 440.89 | −0.002% | $2.0M | $395K | 50x | as long as short |
| OKX TSM-USDT-SWAPshort | 0.0000% | 8h | 441.07 | +0.039% | $4.0M | $2.5M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 440.87 | −0.007% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.47 | −0.097% | $546K | $40K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 441.12 | +0.050% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.67 | −0.052% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 441.25 | +0.079% | $1.5M | $491K | 10x | as long as short |
edgeX TSMUSDC
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
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 TSM | +0.0032% | 1h | 440.91 | +0.002% | $496K | $176K | 10x | as long as short |
| Lighter RH TSMlong | +0.0032% | 1h | 440.90 | long leg | $220K | $677K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 440.48 | −0.095% | — | $583 | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 440.53 | −0.084% | $10.2M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 440.67 | −0.052% | $192K | $61K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 440.35 | −0.125% | $140 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | −0.218% | $156K | $23K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 441.12 | +0.049% | $12.9M | $7.6M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 440.97 | +0.015% | $5K | $188K | 10x | as long as short |
| BloFin TSM-USDT | +0.0068% | 8h | 441.15 | +0.057% | $45K | $102K | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0068% | 8h | 440.59 | −0.070% | $10K | $1.3M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0088% | 1h | 440.03 | −0.197% | $367K | $102K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 440.53 | −0.084% | $267K | $311K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 440.89 | −0.002% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.97 | +0.016% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0199% | 1h | 440.64 | −0.059% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.19 | +0.973% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0726% | 1h | 441.01 | +0.025% | $4 | $24K | 10x | as long as short |
Lighter TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Binance TSMUSDT
Extended TSM-USD
BloFin TSM-USDT
GRVT TSM_USDT_Perp
Coinbase International TSM-PERP-INTX
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL