Spread before costs (cost unknown: a leg has no order-book sample)+0.991%
7d average—if it closes, per $10,000$99funding while held, a day+$6.34
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 441.79 | 0.0009 | pay 0.0009% / 8h | 7h 43m | $13.0M | $5.7M | 20x |
| Short | Injective TSM/USDC PERP | 446.17 | 0.0220 | get 0.0028% / 1h | 43m 15s | $7K | $38K | 12x |
Binance 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
- $99.14
- Funding while held
- $6.34
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $95.46
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 14 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0211%
- Per $10,000 a day
- +$6.34
- 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, 14 min ago | 0.79 bp | 8.8 bp −$9 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 International440.87cheapestVest441.40+0.120%Gate441.43+0.127%Polymarket Perps441.46+0.134%tradeXYZ441.50+0.143%SoDEX441.51+0.145%KuCoin441.53+0.150%Bybit441.54+0.152%HTX441.58+0.161%OKX441.59+0.163%Bitget441.59+0.163%Ondo Perps441.65+0.177%Lighter441.68+0.184%SunX441.71+0.191%Phoenix441.73+0.195%Aevo441.75+0.199%Deribit441.75+0.200%Lighter RH441.77+0.204%Phemex441.78+0.206%
Coinbase International
Vest
Gate
Polymarket Perps
tradeXYZ
SoDEX
KuCoin
Bybit
HTX
OKX
Bitget
Ondo Perps
Lighter
SunX
Phoenix
Aevo
Deribit
Lighter RH
PhemexBinance441.79+0.209%
BloFin441.82+0.215%Extended441.82+0.216%Orderly441.84+0.220%edgeX441.88+0.230%Variational Omni442.01+0.259%Aster442.24+0.312%
BloFin
Extended
Orderly
Variational Omni
AsterInjective446.17+1.202%
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 | −0.208% | −0.0024% | 1h | $357K | $82K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.088% | +0.0046% | 1h | — | — | 25x | as long as short |
| Gate TSM_USDT | −0.081% | 0.0000% | 8h | $1.7M | $764K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.075% | +0.0050% | 1h | $180K | $75K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.066% | +0.0050% | 1h | $10.3M | $2.1M | 10x | as long as short |
| SoDEX TSM-USD | −0.063% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.059% | +0.0100% | 8h | $271K | $306K | 20x | as long as short |
| Bybit TSMUSDT | −0.057% | 0.0000% | 8h | $2.0M | $331K | 50x | as long as short |
| HTX TSM-USDT | −0.048% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.045% | 0.0000% | 8h | $3.8M | $2.4M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.045% | +0.0139% | 8h | $1.7M | $1.3M | 20x | as long as short |
| Ondo Perps TSM-USD.P | −0.032% | +0.0050% | 1h | $157K | $16K | 10x | as long as short |
| Lighter TSM | −0.025% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| SunX TSM-USDT | −0.018% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Phoenix TSM | −0.014% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| Aevo TSM-PERP | −0.009% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.009% | +0.0294% | 1h | $4 | $61K | 10x | as long as short |
| Lighter RH TSM | −0.005% | +0.0032% | 1h | $225K | $947K | 10x | as long as short |
| Phemex TSMUSDT | −0.002% | 0.0000% | 8h | $1.5M | $383K | 10x | as long as short |
| Binance TSMUSDTlong | 0.000% | +0.0009% | 8h | $13.0M | $5.7M | 20x | |
| BloFin TSM-USDT | +0.007% | +0.0025% | 8h | $45K | $87K | 20x | as long as short |
| Extended TSM-USD | +0.007% | +0.0008% | 1h | $2K | $167K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.011% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.021% | −0.0496% | 4h | $48K | $216K | 10x | as long as short |
| Variational Omni TSM | +0.050% | 0.0000% | 8h | $557K | $81K | — | as long as short |
| Aster TSMUSDT | +0.103% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERPshort | +0.991% | +0.0220% | 1h | $7K | $38K | 12x |