Spread before costs (cost unknown: a leg has no order-book sample)−0.255%
7d average—if it closes, per $10,000$26funding while held, a day−$0.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TSMUSDT | 442.00 | 0 | get 0.0000% / 8h | 7h 47m | $81K | $1K | 20x |
| Short | Coinbase International TSM-PERP-INTX | 440.87 | −0.0024 | pay 0.0003% / 1h | 47m 23s | $357K | $82K | 10x |
Aster TSMUSDT
Coinbase International TSM-PERP-INTXPrice 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
- −$25.51
- Funding while held
- −$0.72
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$44.23
- Spread needed to break even
- 0.180%
Slippage unknown: Aster: no order-book sample; Coinbase International: live order book, 62 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0024%
- Per $10,000 a day
- −$0.72
- 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 Aster no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 62 min ago | 4.42 bp | 9.4 bp −$9 | 12.5 bp −$125 | doesn't fit | doesn't fit |
Aster: 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 International440.87cheapest
Ondo Perps441.14+0.061%SoDEX441.24+0.084%BloFin441.44+0.129%SunX441.51+0.145%Vest441.52+0.147%HTX441.52+0.147%edgeX441.53+0.149%KuCoin441.56+0.157%Phoenix441.58+0.161%Deribit441.58+0.161%Variational Omni441.58+0.162%Phemex441.61+0.168%Lighter RH441.63+0.172%Extended441.65+0.178%tradeXYZ441.68+0.184%Gate441.68+0.184%Bybit441.69+0.186%Polymarket Perps441.72+0.193%Lighter441.76+0.202%OKX441.88+0.229%Orderly441.92+0.238%Binance441.95+0.244%Bitget441.96+0.247%
Ondo Perps
SoDEX
BloFin
SunX
Vest
HTX
KuCoin
Phoenix
Deribit
Variational Omni
Phemex
Lighter RH
Extended
tradeXYZ
Gate
Bybit
Polymarket Perps
Lighter
OKX
Orderly
Binance
BitgetAster442.00+0.256%
Aevo442.01+0.258%Injective445.91+1.143%
Aevo
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-INTXshort | −0.255% | −0.0024% | 1h | $357K | $82K | 10x | |
| Ondo Perps TSM-USD.P | −0.194% | +0.0050% | 1h | $157K | $16K | 10x | as long as short |
| SoDEX TSM-USD | −0.171% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| BloFin TSM-USDT | −0.126% | −0.0012% | 8h | $45K | $87K | 20x | as long as short |
| SunX TSM-USDT | −0.110% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Vest TSM-USD-PERP | −0.108% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX TSM-USDT | −0.108% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| edgeX TSMUSDC | −0.106% | −0.0610% | 4h | $48K | $216K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.099% | +0.0100% | 8h | $271K | $306K | 20x | as long as short |
| Phoenix TSM | −0.095% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit TSM_USDC-PERPETUAL | −0.095% | +0.0430% | 1h | $4 | $61K | 10x | as long as short |
| Variational Omni TSM | −0.094% | 0.0000% | 8h | $557K | $81K | — | as long as short |
| Phemex TSMUSDT | −0.088% | 0.0000% | 8h | $1.5M | $380K | 10x | as long as short |
| Lighter RH TSM | −0.083% | +0.0032% | 1h | $225K | $943K | 10x | as long as short |
| Extended TSM-USD | −0.078% | +0.0008% | 1h | $2K | $167K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.072% | +0.0050% | 1h | $10.3M | $2.1M | 10x | as long as short |
| Gate TSM_USDT | −0.072% | 0.0000% | 8h | $1.7M | $761K | 100x | as long as short |
| Bybit TSMUSDT | −0.070% | 0.0000% | 8h | $2.0M | $330K | 50x | as long as short |
| Polymarket Perps TSM-USD | −0.063% | +0.0050% | 1h | $180K | $75K | 10x | as long as short |
| Lighter TSM | −0.054% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.027% | 0.0000% | 8h | $3.8M | $2.4M | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.018% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Binance TSMUSDT | −0.011% | +0.0007% | 8h | $13.1M | $5.7M | 20x | as long as short |
| Bitget TSMUSDT | −0.009% | +0.0138% | 8h | $1.7M | $1.3M | 20x | as long as short |
| Aster TSMUSDTlong | 0.000% | 0.0000% | 8h | $81K | $1K | 20x | |
| Aevo TSM-PERP | +0.002% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Injective TSM/USDC PERP | +0.885% | +0.0220% | 1h | $6K | $38K | 12x | as long as short |