After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.196%7d average−0.189%fees + slippage, in and out−$37spread needed0.367%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 442.96 | 0 | get 0.0000% / 8h | 6h 51m | $13.1M | $6.0M | 20x |
| Short | Coinbase International TSM-PERP-INTX | 442.09 | −0.0048 | pay 0.0006% / 1h | 51m 37s | $357K | $84K | 10x |
Binance 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
- −$19.6
- Funding while held
- −$1.44
- Slippage, 4 orders
- −$16.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$57.76
- Spread needed to break even
- 0.367%
Slippage from Binance: live order book, 5 min ago; Coinbase International: live order book, 53 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0048%
- Per $10,000 a day
- −$1.44
- 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 Binance live order book, 5 min ago | 0.11 bp | 7.6 bp −$8 | 20.5 bp −$205 | 81.1 bp −$8,108 | doesn't fit |
| Sell Coinbase International live order book, 53 min ago | 4.98 bp | 10.4 bp −$10 | 13.0 bp −$130 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.09cheapest
Gate442.74+0.147%Bybit442.75+0.149%tradeXYZ442.77+0.154%KuCoin442.83+0.167%Ondo Perps442.85+0.172%Bitget442.91+0.185%OKX442.92+0.188%
Gate
Bybit
tradeXYZ
KuCoin
Ondo Perps
Bitget
OKXBinance442.96+0.196%
SoDEX442.96+0.197%Lighter RH442.97+0.199%Polymarket Perps442.97+0.199%Extended443.02+0.211%Vest443.08+0.224%Variational Omni443.12+0.234%Phoenix443.16+0.242%Deribit443.21+0.253%Phemex443.24+0.260%Aevo443.27+0.267%Orderly443.28+0.269%SunX443.32+0.278%edgeX443.36+0.288%HTX443.38+0.292%Lighter443.46+0.310%BloFin443.53+0.326%Aster443.54+0.327%Injective447.58+1.242%
SoDEX
Lighter RH
Polymarket Perps
Extended
Vest
Variational Omni
Phoenix
Deribit
Phemex
Aevo
Orderly
SunX
HTX
Lighter
BloFin
Aster
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 | −0.196% | −0.0048% | 1h | $357K | $84K | 10x | |
| Gate TSM_USDT | −0.049% | 0.0000% | 8h | $1.7M | $802K | 100x | as long as short |
| Bybit TSMUSDT | −0.047% | 0.0000% | 8h | $2.0M | $348K | 50x | as long as short |
| tradeXYZ xyz:TSM | −0.042% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| KuCoin TSMUSDTM | −0.029% | +0.0100% | 8h | $272K | $302K | 20x | as long as short |
| Ondo Perps TSM-USD.P | −0.024% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Bitget TSMUSDT | −0.011% | +0.0099% | 8h | $1.6M | $1.4M | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.009% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Binance TSMUSDTlong | 0.000% | 0.0000% | 8h | $13.1M | $6.0M | 20x | |
| SoDEX TSM-USD | 0.000% | +0.0050% | 1h | $148 | $3K | 10x | as long as short |