Spread before costs (cost unknown: a leg has no order-book sample)−0.033%
7d average—if it closes, per $10,000$3funding while held, a day−$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo TSM-PERP | 442.98 | 0.0104 | pay 0.0013% / 1h | 8m 40s | $124 | — | 10x |
| Short | Bybit TSMUSDT | 442.83 | 0 | get 0.0000% / 8h | 6h 08m | $2.0M | $354K | 50x |
Aevo TSM-PERP
Bybit TSMUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$3.32
- Funding while held
- −$3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$33.44
- Spread needed to break even
- 0.270%
Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0104%
- Per $10,000 a day
- −$3.12
- Average in range /8h
- —
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.24 bp | 11.6 bp −$12 | 36.8 bp −$368 | doesn't fit | doesn't fit |
Aevo: 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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.62cheapestGate442.66+0.009%Ondo Perps442.71+0.020%KuCoin442.71+0.020%Polymarket Perps442.73+0.025%Vest442.77+0.034%HTX442.79+0.038%tradeXYZ442.80+0.041%SoDEX442.82+0.045%
Coinbase International
Gate
Ondo Perps
KuCoin
Polymarket Perps
Vest
HTX
tradeXYZ
SoDEXBybit442.83+0.047%
Phoenix442.88+0.059%BloFin442.90+0.063%edgeX442.93+0.069%Variational Omni442.93+0.070%OKX442.93+0.070%SunX442.95+0.075%Bitget442.96+0.077%Deribit442.97+0.079%Extended442.98+0.080%
Phoenix
BloFin
Variational Omni
OKX
SunX
Bitget
Deribit
ExtendedAevo442.98+0.081%
Binance442.98+0.081%Phemex442.99+0.084%Orderly443.00+0.086%Lighter RH443.08+0.104%Aster443.41+0.179%Lighter443.47+0.192%Injective446.67+0.915%
Binance
Phemex
Orderly
Lighter RH
Aster
Lighter
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.081% | −0.0048% | 1h | $357K | $87K | 10x | as long as short |
| Gate TSM_USDT | −0.072% | 0.0000% | 8h | $1.7M | $832K | 100x | as long as short |
| Ondo Perps TSM-USD.P | −0.060% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.060% | +0.0100% | 8h | $271K | $302K | 20x | as long as short |
| Polymarket Perps TSM-USD | −0.056% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.047% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX TSM-USDT | −0.042% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| tradeXYZ xyz:TSM | −0.040% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| SoDEX TSM-USD | −0.035% | +0.0050% | 1h | $150 | $3K | 10x | as long as short |
| Bybit TSMUSDTshort | −0.033% | 0.0000% | 8h | $2.0M | $354K | 50x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix TSM | −0.022% | +0.0181% | 1h | $215K | $5K | 10x | as long as short |
| BloFin TSM-USDT | −0.017% | +0.0009% | 8h | $45K | $93K | 20x | as long as short |
| edgeX TSMUSDC | −0.011% | −0.0445% | 4h | $48K | $215K | 10x | as long as short |
| Variational Omni TSM | −0.011% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| OKX TSM-USDT-SWAP | −0.011% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| SunX TSM-USDT | −0.006% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Bitget TSMUSDT | −0.004% | +0.0106% | 8h | $1.7M | $1.4M | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.002% | +0.0066% | 1h | $97 | $61K | 10x | as long as short |
| Extended TSM-USD | 0.000% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Aevo TSM-PERPlong | 0.000% | +0.0104% | 1h | $124 | — | 10x | |
| Binance TSMUSDT | +0.001% | 0.0000% | 8h | $13.1M | $6.1M | 20x | as long as short |
| Phemex TSMUSDT | +0.003% | 0.0000% | 8h | $1.5M | $408K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.005% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Lighter RH TSM | +0.023% | +0.0032% | 1h | $205K | $902K | 10x | as long as short |
| Aster TSMUSDT | +0.098% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.111% | +0.0384% | 1h | $501K | $152K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.834% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |