Spread before costs (cost unknown: a leg has no order-book sample)+0.852%
7d average—if it closes, per $10,000$85funding while held, a day+$3.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 441.16 | 0.0110 | pay 0.0110% / 8h | 43m 48s | $1.7M | $956K | 20x |
| Short | Injective TSM/USDC PERP | 444.92 | 0.0220 | get 0.0028% / 1h | 43m 48s | $6K | $38K | 12x |
Bitget 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
- $85.23
- Funding while held
- $3.3
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $76.51
- Spread needed to break even
- 0.120%
Slippage unknown: Bitget: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0110%
- Per $10,000 a day
- +$3.30
- 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 Bitget live order book, 4 min ago | 3.06 bp | 14.0 bp −$14 | 15.3 bp −$153 | 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.Bybit441.04cheapestKuCoin441.06+0.005%Coinbase International441.07+0.007%tradeXYZ441.11+0.016%OKX441.14+0.023%
Bybit
KuCoin
Coinbase International
tradeXYZ
OKXBitget441.16+0.027%
Gate441.22+0.041%Vest441.24+0.045%SoDEX441.24+0.045%Binance441.25+0.047%Polymarket Perps441.30+0.059%Aster441.31+0.060%Extended441.32+0.063%Ondo Perps441.33+0.066%Phoenix441.36+0.073%edgeX441.41+0.085%Lighter441.43+0.088%Lighter RH441.44+0.091%Deribit441.57+0.120%HTX441.57+0.120%Aevo441.58+0.122%Variational Omni441.62+0.131%BloFin441.62+0.132%Orderly441.64+0.136%SunX441.69+0.147%Phemex441.76+0.163%
Gate
Vest
SoDEX
Binance
Polymarket Perps
Aster
Extended
Ondo Perps
Phoenix
Lighter
Lighter RH
Deribit
HTX
Aevo
Variational Omni
BloFin
Orderly
SunX
PhemexInjective444.92+0.880%
TSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TSMUSDT | −0.027% | 0.0000% | 8h | $2.0M | $311K | 50x | as long as short |
| KuCoin TSMUSDTM | −0.023% | +0.0100% | 8h | $271K | $314K | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.020% | −0.0032% | 1h | $355K | $79K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.011% | +0.0050% | 1h | $10.3M | $2.0M | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.005% | 0.0000% | 8h | $3.8M | $2.2M | 20x | as long as short |
| Bitget TSMUSDTlong | 0.000% | +0.0110% | 8h | $1.7M | $956K | 20x | |
| Gate TSM_USDT | +0.014% | 0.0000% | 8h | $1.7M | $738K | 100x | as long as short |
| Vest TSM-USD-PERP | +0.018% | +0.0046% | 1h | — | — | 25x | as long as short |
| SoDEX TSM-USD | +0.018% | +0.0050% | 1h | $147 | $3K | 10x | as long as short |
| Binance TSMUSDT | +0.019% | 0.0000% | 8h | $13.0M | $5.3M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps TSM-USD | +0.032% | +0.0050% | 1h | $179K | $51K | 10x | as long as short |
| Aster TSMUSDT | +0.033% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Extended TSM-USD | +0.036% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.039% | +0.0050% | 1h | $156K | $14K | 10x | as long as short |
| Phoenix TSM | +0.045% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| edgeX TSMUSDC | +0.058% | −0.0463% | 4h | $47K | $215K | 10x | as long as short |
| Lighter TSM | +0.061% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| Lighter RH TSM | +0.063% | +0.0032% | 1h | $234K | $1.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.093% | +0.0294% | 1h | $4 | $60K | 10x | as long as short |
| HTX TSM-USDT | +0.093% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| Aevo TSM-PERP | +0.095% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Variational Omni TSM | +0.104% | 0.0000% | 8h | $556K | $102K | — | as long as short |
| BloFin TSM-USDT | +0.104% | −0.0015% | 8h | $46K | $84K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.109% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | +0.120% | 0.0000% | 8h | $1K | $5.0M | 10x | as long as short |
| Phemex TSMUSDT | +0.136% | 0.0000% | 8h | $1.5M | $356K | 10x | as long as short |
| Injective TSM/USDC PERPshort | +0.852% | +0.0220% | 1h | $6K | $38K | 12x |