After costs, if the gap returns to its 7d average, $10k−$223
spread now−0.061%7d average−0.096%fees + slippage, in and out−$227spread needed2.266%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TSMUSDT | 442.43 | 0.0098 | pay 0.0098% / 8h | 5h 47m | $1.6M | $1.4M | 20x |
| Short | KuCoin TSMUSDTM | 442.16 | 0.0100 | get 0.0100% / 8h | 5h 47m | $271K | $312K | 20x |
Bitget TSMUSDT
KuCoin TSMUSDTMPrice 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
- −$6.1
- Funding while held
- $0.06
- Slippage, 4 orders
- −$202.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$232.69
- Spread needed to break even
- 2.266%
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 51 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.06
- 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, 1 min ago | 1.70 bp | 12.5 bp −$13 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 51 min ago | 12.67 bp | 106.7 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.KuCoin442.16cheapest
HTX442.21+0.011%SoDEX442.23+0.016%tradeXYZ442.25+0.020%Vest442.26+0.023%Gate442.27+0.025%Polymarket Perps442.33+0.038%Bybit442.41+0.057%Ondo Perps442.42+0.059%
HTX
SoDEX
tradeXYZ
Vest
Gate
Polymarket Perps
Bybit
Ondo PerpsBitget442.43+0.061%
BloFin442.45+0.066%OKX442.48+0.072%Extended442.50+0.077%Orderly442.51+0.079%Deribit442.51+0.079%Lighter RH442.52+0.081%SunX442.54+0.086%Aevo442.57+0.094%Binance442.58+0.095%Phemex442.63+0.106%edgeX442.66+0.112%Coinbase International442.69+0.120%Phoenix442.70+0.122%Variational Omni442.78+0.140%Aster442.92+0.171%Lighter443.28+0.253%Injective447.12+1.122%
BloFin
OKX
Extended
Orderly
Deribit
Lighter RH
SunX
Aevo
Binance
Phemex
Coinbase International
Phoenix
Variational Omni
Aster
Lighter
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin TSMUSDTMshort | −0.061% | +0.0100% | 8h | $271K | $312K | 20x | |
| HTX TSM-USDT | −0.050% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| SoDEX TSM-USD | −0.045% | +0.0050% | 1h | $149 | $3K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.041% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Vest TSM-USD-PERP | −0.038% | +0.0046% | 1h | — | — | 25x | as long as short |
| Gate TSM_USDT | −0.036% | 0.0000% | 8h | $1.7M | $832K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.023% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Bybit TSMUSDT | −0.005% | 0.0000% | 8h | $2.0M | $355K | 50x | as long as short |
| Ondo Perps TSM-USD.P | −0.002% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Bitget TSMUSDTlong | 0.000% | +0.0098% | 8h | $1.6M | $1.4M | 20x |