Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter RH against tradeXYZ+0.061%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.061%, 7d avg +0.117%
=Together, before fees+0.004%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board$0 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 RH is 0.055% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.117%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 439.23 | 0.0050 | pay 0.0006% / 1h | 23m 55s | $10.2M | $1.7M | 10x |
| Short | Lighter RH TSM | 439.50 | 0.0032 | get 0.0004% / 1h | 23m 55s | $224K | $684K | 10x |
tradeXYZ xyz:TSM
Lighter RH TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.061% → +0.117%
- −$5.54
- Slippage, 4 orders
- −$11.45
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$38.77
- Costs to cover
- 0.294%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Lighter RH: live order book, 19 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, 5 min ago | 0.68 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 19 min ago | 2.05 bp | 3.2 bp −$3 | 7.9 bp −$79 | 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 | −0.0230% | 8h | 439.65 | +0.096% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.49 | +0.058% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.33 | +0.023% | $2.0M | $398K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 439.59 | +0.082% | $4.0M | $2.6M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 439.42 | +0.043% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 439.63 | +0.091% | $558K | $37K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 439.68 | +0.102% | $1K | $4.1M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 439.57 | +0.077% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.68 | +0.330% | $1.5M | $517K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 439.56 | +0.075% | $495K | $137K | 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 TSMshort | +0.0032% | 1h | 439.50 | +0.061% | $224K | $684K | 10x | |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.32 | +0.020% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | +0.023% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSMlong | +0.0050% | 1h | 439.23 | long leg | $10.2M | $1.7M | 10x | |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 439.32 | +0.020% | $190K | $68K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.18 | −0.011% | $136 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 438.99 | −0.055% | $157K | $27K | 10x | as long as short |
| Extended TSM-USD | +0.0080% | 1h | 439.57 | +0.077% | $3K | $148K | 10x | as long as short |
| BloFin TSM-USDT | +0.0081% | 8h | 439.69 | +0.105% | $45K | $106K | 20x | as long as short |
| Binance TSMUSDT | +0.0082% | 8h | 439.66 | +0.098% | $12.9M | $7.9M | 20x | as long as short |
| GRVT TSM_USDT_Perp | +0.0090% | 8h | 439.55 | +0.073% | $14K | $1.3M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.23 | 0.000% | $266K | $310K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.52 | +0.066% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 439.60 | +0.084% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0164% | 1h | 439.35 | +0.027% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 444.27 | +1.147% | $6K | $38K | 12x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0456% | 1h | 439.55 | +0.073% | $4 | $25K | 10x | as long as short |
| edgeX TSMUSDC | +0.0994% | 4h | 439.53 | +0.069% | $47K | $216K | 10x | as long as short |
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
Extended TSM-USD
BloFin TSM-USDT
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
edgeX TSMUSDC