data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

TSM

RWAall TSM markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.058%7d average−0.052%fees + slippage, in and out−$40spread needed0.398%
Long on BinanceShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TSMUSDT441.950.0007pay 0.0007% / 8h7h 47m$13.1M$5.7M20x
ShortBybit TSMUSDT441.690get 0.0000% / 8h7h 47m$2.0M$330K50x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$5.83
Funding while held
−$0.2
Slippage, 4 orders
−$18.79
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$45.81
Spread needed to break even
0.398%
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
−0.0007%
Per $10,000 a day
−$0.20
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago0.79 bp8.8 bp −$924.0 bp −$240doesn't fitdoesn't fit
Sell Bybit live order book, 6 min ago1.36 bp13.2 bp −$1338.2 bp −$382doesn't fitdoesn't fit

TSM price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International440.87cheapestOndo 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%Aster442.00+0.256%Aevo442.01+0.258%Injective445.91+1.143%

TSM on 27 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International TSM-PERP-INTX−0.244%−0.0024%1h$357K$82K10xas long as short
Ondo Perps TSM-USD.P−0.183%+0.0050%1h$157K$16K10xas long as short
SoDEX TSM-USD−0.160%+0.0050%1h$146$3K10xas long as short
BloFin TSM-USDT−0.115%−0.0012%8h$45K$87K20xas long as short
SunX TSM-USDT−0.099%0.0000%8h$2K$5.3M10xas long as short
Vest TSM-USD-PERP−0.097%+0.0046%1h——25xas long as short
HTX TSM-USDT−0.097%0.0000%8h$9K$7K20xas long as short
edgeX TSMUSDC−0.095%−0.0610%4h$48K$216K10xas long as short
KuCoin TSMUSDTM−0.088%+0.0100%8h$271K$306K20xas long as short
Phoenix TSM−0.083%+0.0200%1h$215K$5K10xas long as short
Show all 27 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit TSM_USDC-PERPETUAL−0.083%+0.0430%1h$4$61K10xas long as short
Variational Omni TSM−0.083%0.0000%8h$557K$81K—as long as short
Phemex TSMUSDT−0.076%0.0000%8h$1.5M$380K10xas long as short
Lighter RH TSM−0.072%+0.0032%1h$225K$943K10xas long as short
Extended TSM-USD−0.067%+0.0008%1h$2K$167K10xas long as short
tradeXYZ xyz:TSM−0.061%+0.0050%1h$10.3M$2.1M10xas long as short
Gate TSM_USDT−0.061%0.0000%8h$1.7M$761K100xas long as short
Bybit TSMUSDTshort−0.058%0.0000%8h$2.0M$330K50x
Polymarket Perps TSM-USD−0.052%+0.0050%1h$180K$75K10xas long as short
Lighter TSM−0.042%+0.0032%1h$499K$101K10xas long as short
OKX TSM-USDT-SWAP−0.015%0.0000%8h$3.8M$2.4M20xas long as short
Orderly PERP_TSM_USDC_mythos−0.006%+0.0100%8h$21—10xas long as short
Binance TSMUSDTlong0.000%+0.0007%8h$13.1M$5.7M20x
Bitget TSMUSDT+0.003%+0.0138%8h$1.7M$1.3M20xas long as short
Aster TSMUSDT+0.011%0.0000%8h$81K$1K20xas long as short
Aevo TSM-PERP+0.014%+0.0104%1h$124—10xas long as short
Injective TSM/USDC PERP+0.897%+0.0220%1h$6K$38K12xas long as short