Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Lighter RH against Ondo Perps+0.236%7-day average +0.095% · 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)−0.178%−$18 · spread now +0.236%, 7d avg +0.095%
=Together, before fees−0.204%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.140% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of +0.095%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps TSM-USD.P | 441.39 | 0.0050 | pay 0.0006% / 1h | 0m 07s | $157K | $29K | 10x |
| Short | Lighter RH TSM | 442.43 | 0.0032 | get 0.0004% / 1h | 0m 07s | $198K | $747K | 10x |
Ondo Perps TSM-USD.P
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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: +0.236% → +0.095%
- $14.04
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $5.18
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 50 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 50 min ago | 2.50 bp | 2.9 bp −$3 | 10.7 bp −$107 | doesn't fit | doesn't fit |
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 exchanges
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 | −0.0764% | 4h | 441.50 | +0.025% | $48K | $217K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.0016% | 1h | 441.94 | +0.125% | $374K | $104K | 10x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 442.03 | +0.146% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 442.12 | +0.165% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 442.15 | +0.172% | $4.1M | $2.8M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 442.00 | +0.138% | $1.7M | $1.1M | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 442.27 | +0.199% | $1.8M | $1.5M | 20x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 441.88 | +0.110% | $553K | $44K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 442.15 | +0.172% | $2K | $3.8M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 441.76 | +0.084% | $9K | $8K | 20x | as long as short |
edgeX TSMUSDC
Coinbase International TSM-PERP-INTX
Aster TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TSMUSDT | 0.0000% | 8h | 441.68 | +0.066% | $1.5M | $556K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 442.33 | +0.213% | $498K | $144K | 10x | as long as short |
| Lighter RH TSMshort | +0.0032% | 1h | 442.43 | +0.236% | $198K | $747K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 442.19 | +0.181% | — | $2K | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 442.09 | +0.159% | $10.1M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 441.93 | +0.122% | $187K | $71K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 441.94 | +0.125% | $137 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Plong | +0.0050% | 1h | 441.39 | long leg | $157K | $29K | 10x | |
| Binance TSMUSDT | +0.0070% | 8h | 442.28 | +0.202% | $13.0M | $8.5M | 20x | as long as short |
| Extended TSM-USD | +0.0072% | 1h | 442.12 | +0.165% | $1K | $217K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0089% | 1h | 442.19 | +0.181% | $4 | $10K | 10x | as long as short |
| BloFin TSM-USDT | +0.0097% | 8h | 442.00 | +0.138% | $45K | $115K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 441.65 | +0.059% | $268K | $432K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 442.23 | +0.190% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 442.26 | +0.198% | $124 | — | 10x | as long as short |
| Phoenix TSM | +0.0145% | 1h | 441.38 | −0.002% | $209K | $10K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 443.95 | +0.580% | $6K | $38K | 12x | as long as short |
| GRVT TSM_USDT_Perp | +0.0271% | 8h | 441.88 | +0.112% | $8K | $1.3M | 10x | as long as short |
Phemex TSMUSDT
Lighter TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Binance TSMUSDT
Extended TSM-USD
Deribit TSM_USDC-PERPETUAL
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
GRVT TSM_USDT_Perp