After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.156%7d average+0.069%fees + slippage, in and out−$33spread needed0.331%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TSMUSDT | 442.62 | 0 | get 0.0000% / 8h | 5h 49m | $13.1M | $6.2M | 20x |
| Short | Lighter TSM | 443.31 | 0.0528 | get 0.0066% / 1h | 49m 42s | $501K | $152K | 10x |
Binance TSMUSDT
Lighter TSMPrice 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
- $15.56
- Funding while held
- $15.84
- Slippage, 4 orders
- −$23.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1.67
- Spread needed to break even
- 0.331%
Slippage from Binance: live order book, 7 min ago; Lighter: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0528%
- Per $10,000 a day
- +$15.84
- 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, 7 min ago | 0.11 bp | 8.0 bp −$8 | 15.5 bp −$155 | 77.8 bp −$7,780 | doesn't fit |
| Sell Lighter live order book, 46 min ago | 6.66 bp | 10.7 bp −$11 | 37.8 bp −$378 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ442.35cheapestVest442.40+0.011%Ondo Perps442.41+0.014%Bybit442.44+0.020%KuCoin442.44+0.020%Polymarket Perps442.44+0.020%SoDEX442.46+0.025%Gate442.55+0.045%Bitget442.62+0.061%
tradeXYZ
Vest
Ondo Perps
Bybit
KuCoin
Polymarket Perps
SoDEX
Gate
BitgetBinance442.62+0.061%
Extended442.63+0.063%SunX442.63+0.063%Deribit442.65+0.068%Lighter RH442.67+0.072%OKX442.69+0.077%Coinbase International442.69+0.077%Phoenix442.70+0.079%Orderly442.72+0.084%HTX442.75+0.090%BloFin442.75+0.090%Aevo442.76+0.093%Variational Omni442.78+0.097%Phemex442.82+0.106%edgeX442.86+0.116%Aster443.14+0.179%
Extended
SunX
Deribit
Lighter RH
OKX
Coinbase International
Phoenix
Orderly
HTX
BloFin
Aevo
Variational Omni
Phemex
AsterLighter443.31+0.217%
Injective447.50+1.164%
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:TSM | −0.061% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Vest TSM-USD-PERP | −0.050% | +0.0046% | 1h | — | — | 25x | as long as short |
| Ondo Perps TSM-USD.P | −0.048% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Bybit TSMUSDT | −0.041% | 0.0000% | 8h | $2.0M | $354K | 50x | as long as short |
| KuCoin TSMUSDTM | −0.041% | +0.0100% | 8h | $271K | $312K | 20x | as long as short |
| Polymarket Perps TSM-USD | −0.041% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| SoDEX TSM-USD | −0.036% | +0.0050% | 1h | $150 | $3K | 10x | as long as short |
| Gate TSM_USDT | −0.016% | 0.0000% | 8h | $1.7M | $832K | 100x | as long as short |
| Bitget TSMUSDT | 0.000% | +0.0097% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Binance TSMUSDTlong | 0.000% | 0.0000% | 8h | $13.1M | $6.2M | 20x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended TSM-USD | +0.002% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| SunX TSM-USDT | +0.002% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.007% | +0.0089% | 1h | $97 | $61K | 10x | as long as short |
| Lighter RH TSM | +0.011% | +0.0032% | 1h | $205K | $711K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.016% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.016% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
| Phoenix TSM | +0.018% | +0.0199% | 1h | $215K | $5K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.022% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| HTX TSM-USDT | +0.029% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| BloFin TSM-USDT | +0.029% | +0.0023% | 8h | $45K | $94K | 20x | as long as short |
| Aevo TSM-PERP | +0.032% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Variational Omni TSM | +0.036% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| Phemex TSMUSDT | +0.045% | 0.0000% | 8h | $1.5M | $412K | 10x | as long as short |
| edgeX TSMUSDC | +0.054% | +0.0361% | 4h | $48K | $215K | 10x | as long as short |
| Aster TSMUSDT | +0.118% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSMshort | +0.156% | +0.0528% | 1h | $501K | $152K | 10x | |
| Injective TSM/USDC PERP | +1.102% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |