Spread before costs (cost unknown: a leg has no order-book sample)+0.007%
7d average—if it closes, per $10,000$1funding while held, a day+$2.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TSM-USDT | 443.83 | 0.0026 | pay 0.0026% / 8h | 5h 03m | $45K | $96K | 20x |
| Short | KuCoin TSMUSDTM | 443.86 | 0.0100 | get 0.0100% / 8h | 5h 03m | $272K | $324K | 20x |
BloFin TSM-USDT
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
- $0.68
- Funding while held
- $2.22
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.11
- Spread needed to break even
- 0.240%
Slippage unknown: BloFin: no order-book sample; KuCoin: live order book, 25 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0074%
- Per $10,000 a day
- +$2.22
- 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 BloFin no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 25 min ago | 3.16 bp | 45.9 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
BloFin: 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 International442.69cheapestPhoenix443.63+0.212%SoDEX443.66+0.219%Ondo Perps443.69+0.226%HTX443.69+0.226%Variational Omni443.72+0.233%Polymarket Perps443.78+0.246%tradeXYZ443.79+0.248%Bybit443.81+0.253%Phemex443.82+0.255%
Coinbase International
Phoenix
SoDEX
Ondo Perps
HTX
Variational Omni
Polymarket Perps
tradeXYZ
Bybit
PhemexBloFin443.83+0.258%
Vest443.85+0.262%Gate443.86+0.264%
Vest
GateKuCoin443.86+0.264%
edgeX443.88+0.268%Bitget443.93+0.280%OKX443.96+0.287%Extended444.00+0.296%Binance444.01+0.298%Deribit444.01+0.298%Orderly444.02+0.300%SunX444.03+0.303%Aevo444.05+0.308%Lighter RH444.21+0.343%Lighter444.44+0.395%Aster444.60+0.432%Injective447.82+1.159%
Bitget
OKX
Extended
Binance
Deribit
Orderly
SunX
Aevo
Lighter RH
Lighter
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-INTX | −0.257% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
| Phoenix TSM | −0.045% | +0.0199% | 1h | $216K | $5K | 10x | as long as short |
| SoDEX TSM-USD | −0.038% | +0.0050% | 1h | $151 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.032% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| HTX TSM-USDT | −0.032% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Variational Omni TSM | −0.025% | 0.0000% | 8h | $560K | $81K | — | as long as short |
| Polymarket Perps TSM-USD | −0.011% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.009% | +0.0050% | 1h | $10.3M | $2.3M | 10x | as long as short |
| Bybit TSMUSDT | −0.005% | 0.0000% | 8h | $2.0M | $359K | 50x | as long as short |
| Phemex TSMUSDT | −0.002% | 0.0000% | 8h | $1.5M | $422K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin TSM-USDTlong | 0.000% | +0.0026% | 8h | $45K | $96K | 20x | |
| Vest TSM-USD-PERP | +0.005% | +0.0046% | 1h | — | — | 25x | as long as short |
| Gate TSM_USDT | +0.007% | 0.0000% | 8h | $1.7M | $841K | 100x | as long as short |
| KuCoin TSMUSDTMshort | +0.007% | +0.0100% | 8h | $272K | $324K | 20x | |
| edgeX TSMUSDC | +0.010% | −0.0190% | 4h | $48K | $216K | 10x | as long as short |
| Bitget TSMUSDT | +0.023% | +0.0079% | 8h | $1.6M | $1.4M | 20x | as long as short |
| OKX TSM-USDT-SWAP | +0.029% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Extended TSM-USD | +0.038% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | +0.041% | 0.0000% | 8h | $13.1M | $6.3M | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.041% | +0.0156% | 1h | $4 | $61K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.043% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | +0.045% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Aevo TSM-PERP | +0.050% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Lighter RH TSM | +0.086% | +0.0032% | 1h | $204K | $749K | 10x | as long as short |
| Lighter TSM | +0.137% | +0.0400% | 1h | $502K | $153K | 10x | as long as short |
| Aster TSMUSDT | +0.174% | 0.0000% | 8h | $82K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +0.899% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |