TSM

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.090%

7d average—if it closes, per $10,000$9funding while held, a day+$3.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TSMUSDT	443.41	0	get 0.0000% / 8h	6h 07m	$81K	$1K	20x
Short	Orderly PERP_TSM_USDC_mythos	443.01	0.0100	get 0.0100% / 8h	6h 07m	$21	—	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee AsterbpFee OrderlybpOrdersClose when spread is

Spread captured: −$9.03
Funding while held: $3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.03
Spread needed to break even: 0.140%

Slippage unknown: Aster: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0100%
Per $10,000 a day: +$3.00
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 Orderly no order-book sample	—	—	—	—	—

Aster and Orderly: 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 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	−0.178%	−0.0048%	1h	$357K	$87K	10x	as long as short
Ondo Perps TSM-USD.P	−0.158%	+0.0050%	1h	$157K	$17K	10x	as long as short
Bybit TSMUSDT	−0.153%	0.0000%	8h	$2.0M	$354K	50x	as long as short
KuCoin TSMUSDTM	−0.151%	+0.0100%	8h	$271K	$302K	20x	as long as short
tradeXYZ xyz:TSM	−0.149%	+0.0050%	1h	$10.3M	$2.2M	10x	as long as short
Gate TSM_USDT	−0.144%	0.0000%	8h	$1.7M	$832K	100x	as long as short
HTX TSM-USDT	−0.140%	0.0000%	8h	$9K	$8K	20x	as long as short
Polymarket Perps TSM-USD	−0.138%	+0.0050%	1h	$187K	$82K	10x	as long as short
SoDEX TSM-USD	−0.138%	+0.0050%	1h	$150	$3K	10x	as long as short
Vest TSM-USD-PERP	−0.124%	+0.0046%	1h	—	—	25x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix TSM	−0.120%	+0.0181%	1h	$215K	$5K	10x	as long as short
OKX TSM-USDT-SWAP	−0.115%	0.0000%	8h	$3.9M	$2.8M	20x	as long as short
BloFin TSM-USDT	−0.115%	+0.0009%	8h	$45K	$93K	20x	as long as short
Bitget TSMUSDT	−0.113%	+0.0106%	8h	$1.7M	$1.4M	20x	as long as short
Extended TSM-USD	−0.112%	0.0000%	1h	$2K	$167K	10x	as long as short
edgeX TSMUSDC	−0.109%	−0.0445%	4h	$48K	$215K	10x	as long as short
Variational Omni TSM	−0.109%	0.0000%	8h	$559K	$81K	—	as long as short
Binance TSMUSDT	−0.107%	0.0000%	8h	$13.1M	$6.1M	20x	as long as short
Deribit TSM_USDC-PERPETUAL	−0.106%	+0.0044%	1h	$97	$61K	10x	as long as short
SunX TSM-USDT	−0.099%	0.0000%	8h	$1K	$5.3M	10x	as long as short
Aevo TSM-PERP	−0.090%	+0.0104%	1h	$124	—	10x	as long as short
Orderly PERP_TSM_USDC_mythosshort	−0.090%	+0.0100%	8h	$21	—	10x
Lighter RH TSM	−0.079%	+0.0032%	1h	$205K	$902K	10x	as long as short
Phemex TSMUSDT	−0.070%	0.0000%	8h	$1.5M	$408K	10x	as long as short
Aster TSMUSDTlong	0.000%	0.0000%	8h	$81K	$1K	20x
Lighter TSM	+0.013%	+0.0384%	1h	$501K	$152K	10x	as long as short
Injective TSM/USDC PERP	+0.735%	+0.0220%	1h	$7K	$38K	12x	as long as short

TSM