Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Ondo Perps against Lighter RH+0.030%7-day average −0.096% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.030%, 7d avg −0.096%
=Together, before fees−0.028%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board−$3 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 Ondo Perps is 0.125% dearer against Lighter RH than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 439.30 | 0.0032 | pay 0.0004% / 1h | 33m 15s | $221K | $720K | 10x |
| Short | Ondo Perps TSM-USD.P | 439.43 | 0.0050 | get 0.0006% / 1h | 33m 15s | $158K | $27K | 10x |
Lighter RH TSM
Ondo Perps TSM-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $3.86
- Price spread: +0.030% → −0.096%
- $12.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $11.41
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 4 min ago; Ondo Perps: 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 RH live order book, 4 min ago | 2.05 bp | 2.6 bp −$3 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 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 | −0.0141% | 8h | 439.68 | +0.087% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 441.15 | +0.422% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.19 | −0.025% | $2.0M | $400K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.65 | +0.080% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.43 | +0.030% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.61 | +0.072% | $558K | $38K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.62 | +0.073% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.38 | +0.018% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.69 | +0.316% | $1.5M | $529K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.60 | +0.068% | $496K | $188K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSMlong | +0.0032% | 1h | 439.30 | long leg | $221K | $720K | 10x | |
| BloFin TSM-USDT | +0.0033% | 8h | 439.70 | +0.091% | $45K | $107K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.18 | −0.027% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.11 | −0.043% | $10.1M | $1.8M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.36 | +0.014% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.07 | −0.052% | $135 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | +0.0050% | 1h | 439.43 | +0.030% | $158K | $27K | 10x | |
| Coinbase International TSM-PERP-INTX | +0.0056% | 1h | 439.33 | +0.007% | $366K | $97K | 10x | as long as short |
| Binance TSMUSDT | +0.0062% | 8h | 439.66 | +0.081% | $12.8M | $8.0M | 20x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.53 | +0.052% | $4K | $206K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0074% | 8h | 439.52 | +0.051% | $6K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.17 | −0.030% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.48 | +0.041% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.35 | +0.010% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0146% | 1h | 439.38 | +0.018% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.02 | +1.074% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0571% | 4h | 439.70 | +0.090% | $47K | $216K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0798% | 1h | 439.51 | +0.048% | $4 | $25K | 10x | as long as short |
BloFin TSM-USDT
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Coinbase International TSM-PERP-INTX
Binance TSMUSDT
Extended TSM-USD
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL