Spread before costs (cost unknown: a leg has no order-book sample)+0.871%
7d average—if it closes, per $10,000$87funding while held, a day+$6.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TSMUSDT | 443.42 | 0 | get 0.0000% / 8h | 7h 00m | $81K | $1K | 20x |
| Short | Injective TSM/USDC PERP | 447.28 | 0.0220 | get 0.0028% / 1h | 0m 13s | $7K | $38K | 12x |
Aster TSMUSDT
Injective TSM/USDC PERPPrice 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
- $87.07
- Funding while held
- $6.6
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $85.65
- Spread needed to break even
- 0.080%
Slippage unknown: Aster: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0220%
- Per $10,000 a day
- +$6.60
- 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 Injective no order-book sample | — | — | — | — | — |
Aster and Injective: 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 International442.09cheapestPhoenix442.48+0.088%HTX442.55+0.104%Variational Omni442.61+0.117%Vest442.62+0.120%tradeXYZ442.65+0.127%Bybit442.68+0.133%SoDEX442.69+0.136%KuCoin442.70+0.138%edgeX442.72+0.143%Gate442.73+0.145%Polymarket Perps442.76+0.152%Ondo Perps442.83+0.167%Bitget442.84+0.170%OKX442.90+0.183%Deribit442.93+0.190%Lighter RH442.95+0.195%Orderly442.95+0.195%SunX442.95+0.195%BloFin442.95+0.195%Binance442.97+0.199%Aevo442.97+0.199%Phemex442.98+0.201%Extended442.99+0.204%Lighter443.36+0.287%
Coinbase International
Phoenix
HTX
Variational Omni
Vest
tradeXYZ
Bybit
SoDEX
KuCoin
Gate
Polymarket Perps
Ondo Perps
Bitget
OKX
Deribit
Lighter RH
Orderly
SunX
BloFin
Binance
Aevo
Phemex
Extended
LighterAster443.42+0.301%
Injective447.28+1.174%
TSM 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 | −0.300% | −0.0024% | 1h | $357K | $84K | 10x | as long as short |
| Phoenix TSM | −0.212% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| HTX TSM-USDT | −0.196% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| Variational Omni TSM | −0.183% | 0.0000% | 8h | $558K | $81K | — | as long as short |
| Vest TSM-USD-PERP | −0.180% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | −0.173% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Bybit TSMUSDT | −0.167% | 0.0000% | 8h | $2.0M | $347K | 50x | as long as short |
| SoDEX TSM-USD | −0.164% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.162% | +0.0100% | 8h | $272K | $302K | 20x | as long as short |
| edgeX TSMUSDC | −0.157% | +0.0195% | 4h | $48K | $215K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate TSM_USDT | −0.155% | 0.0000% | 8h | $1.7M | $810K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.149% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.133% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Bitget TSMUSDT | −0.131% | +0.0104% | 8h | $1.6M | $1.4M | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.117% | 0.0000% | 8h | $3.9M | $2.7M | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.110% | +0.0202% | 1h | $97 | $61K | 10x | as long as short |
| Lighter RH TSM | −0.106% | +0.0032% | 1h | $201K | $984K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.106% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | −0.106% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| BloFin TSM-USDT | −0.106% | +0.0012% | 8h | $45K | $89K | 20x | as long as short |
| Binance TSMUSDT | −0.102% | 0.0000% | 8h | $13.1M | $5.9M | 20x | as long as short |
| Aevo TSM-PERP | −0.101% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Phemex TSMUSDT | −0.099% | 0.0000% | 8h | $1.5M | $394K | 10x | as long as short |
| Extended TSM-USD | −0.096% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Lighter TSM | −0.013% | +0.0032% | 1h | $501K | $128K | 10x | as long as short |
| Aster TSMUSDTlong | 0.000% | 0.0000% | 8h | $81K | $1K | 20x | |
| Injective TSM/USDC PERPshort | +0.871% | +0.0220% | 1h | $7K | $38K | 12x |