Funding you earn now, next payment 01:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.060%
Price spread now: Lighter against Variational Omni+0.173%7-day average +0.087% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.095%+$10 on $10k
+Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.173%, 7d avg +0.087%
=Together, before fees−0.014%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.086% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.087%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.095% in total (about 10.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 447.08 | 0 | get 0.0000% / 8h | 7h 00m | $554K | $82K | — |
| Short | Lighter TSM | 447.85 | 0.0320 | get 0.0040% / 1h | 0m 37s | $505K | $167K | 10x |
Variational Omni TSM
Lighter TSMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $67.2
- Price spread: +0.173% → +0.087%
- $8.59
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $75.79
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Lighter: live order book, 64 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 Variational Omni RFQ quote, 8 min ago | 2.70 bp | doesn't fit | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 64 min ago | 8.38 bp | 17.1 bp −$17 | 30.0 bp −$300 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.0024% | 1h | 447.30 | +0.050% | $359K | $100K | 10x | as long as short |
| BloFin TSM-USDT | −0.0012% | 8h | 447.20 | +0.028% | $45K | $100K | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 447.17 | +0.021% | $82K | $1K | 20x | as long as short |
| Extended TSM-USD | 0.0000% | 1h | 446.98 | −0.021% | $5K | $204K | 10x | as long as short |
| Binance TSMUSDT | 0.0000% | 8h | 447.09 | +0.003% | $13.2M | $7.0M | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 446.85 | −0.051% | $2.0M | $413K | 50x | as long as short |
| OKX TSM-USDT-SWAP | 0.0000% | 8h | 447.13 | +0.012% | $4.0M | $3.0M | 20x | as long as short |
| Gate TSM_USDT | 0.0000% | 8h | 446.99 | −0.019% | $1.7M | $930K | 100x | as long as short |
| Bitget TSMUSDT | 0.0000% | 8h | 447.37 | +0.066% | $1.6M | $1.4M | 20x | as long as short |
| Variational Omni TSMlong | 0.0000% | 8h | 447.08 | long leg | $554K | $82K | — |
Coinbase International TSM-PERP-INTX
BloFin TSM-USDT
Aster TSMUSDT
Extended TSM-USD
Binance TSMUSDT
Bybit TSMUSDT
OKX TSM-USDT-SWAP
Gate TSM_USDT
Bitget TSMUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TSM-USDT | 0.0000% | 8h | 447.14 | +0.014% | $1K | $4.9M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 447.29 | +0.048% | $9K | $9K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 447.16 | +0.019% | $1.5M | $456K | 10x | as long as short |
| Lighter RH TSM | +0.0032% | 1h | 447.11 | +0.007% | $229K | $657K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 447.00 | −0.017% | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 446.86 | −0.048% | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.0050% | 1h | 447.02 | −0.013% | $198K | $42K | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 446.88 | −0.044% | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 447.27 | +0.043% | $158K | $22K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0065% | 8h | 447.55 | +0.107% | $13K | $1.1M | 10x | as long as short |
| KuCoin TSMUSDTM | +0.0100% | 8h | 446.96 | −0.026% | $271K | $315K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 447.11 | +0.007% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 446.85 | −0.051% | $125 | — | 10x | as long as short |
| Phoenix TSM | +0.0179% | 1h | 447.42 | +0.077% | $218K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 452.09 | +1.121% | $7K | $38K | 12x | as long as short |
| Lighter TSMshort | +0.0320% | 1h | 447.85 | +0.173% | $505K | $167K | 10x | |
| Deribit TSM_USDC-PERPETUAL | +0.0377% | 1h | 447.07 | −0.002% | $98 | $32K | 10x | as long as short |
| edgeX TSMUSDC | +0.0572% | 4h | 447.21 | +0.029% | $48K | $216K | 10x | as long as short |
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter RH TSM
Vest TSM-USD-PERP
tradeXYZ xyz:TSM
Polymarket Perps TSM-USD
SoDEX TSM-USD
Ondo Perps TSM-USD.P
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