Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter against tradeXYZ+0.114%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.114%, 7d avg +0.173%
=Together, before fees+0.392%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.059% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.173%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.313%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.16 | 0.0050 | pay 0.0006% / 1h | 38m 17s | $10.2M | $1.8M | 10x |
| Short | Lighter TSM | 439.66 | 0.0032 | get 0.0004% / 1h | 38m 17s | $495K | $137K | 10x |
tradeXYZ xyz:TSM
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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: +0.114% → +0.173%
- −$5.92
- Slippage, 4 orders
- −$42.32
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$70.02
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Lighter: live order book, 62 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 tradeXYZ live order book, 10 min ago | 0.46 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 62 min ago | 13.16 bp | 22.9 bp −$23 | 27.5 bp −$275 | 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 | −0.0452% | 4h | 439.53 | +0.084% | $47K | $216K | 10x | as long as short |
| Bitget TSMUSDT | −0.0213% | 8h | 439.65 | +0.112% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.62 | +0.105% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.57 | +0.093% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.57 | +0.093% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.40 | +0.055% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.56 | +0.091% | $556K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.64 | +0.109% | $2K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.64 | +0.109% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.69 | +0.348% | $1.5M | $514K | 10x | as long as short |
edgeX TSMUSDC
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 TSMshort | +0.0032% | 1h | 439.66 | +0.114% | $495K | $137K | 10x | |
| Lighter RH TSM | +0.0032% | 1h | 439.54 | +0.087% | $224K | $684K | 10x | as long as short |
| BloFin TSM-USDT | +0.0041% | 8h | 439.63 | +0.107% | $45K | $105K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.18 | +0.005% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | +0.039% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.16 | long leg | $10.2M | $1.8M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.33 | +0.039% | $192K | $64K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.20 | +0.009% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.57 | +0.093% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.52 | +0.081% | $3K | $181K | 10x | as long as short |
| Binance TSMUSDT | +0.0067% | 8h | 439.68 | +0.118% | $12.9M | $7.8M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0072% | 8h | 439.64 | +0.110% | $4K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.05 | −0.025% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.51 | +0.080% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.61 | +0.102% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.43 | +0.061% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.69 | +1.259% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0410% | 1h | 439.49 | +0.075% | $4 | $25K | 10x | as long as short |
Lighter RH TSM
BloFin TSM-USDT
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
Binance TSMUSDT
GRVT TSM_USDT_Perp
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
Deribit TSM_USDC-PERPETUAL