data as of
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Price arb /

TSM

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$61
spread now+0.059%7d average+0.046%fees + slippage, in and out−$62spread needed0.625%
Long on BybitShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TSMUSDT440.880get 0.0000% / 8h2h 32m$2.0M$243K50x
ShortBitget TSMUSDT441.140.0078get 0.0078% / 8h2h 32m$1.9M$671K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$5.9
Funding while held
$2.34
Slippage, 4 orders
−$39.47
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$54.23
Spread needed to break even
0.625%
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0078%
Per $10,000 a day
+$2.34
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago1.70 bp12.8 bp −$1352.1 bp −$521doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago4.76 bp19.9 bp −$2031.0 bp −$310doesn't fitdoesn't fit

TSM price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps440.09cheapestHTX440.10+0.002%Coinbase International440.39+0.068%Phoenix440.56+0.107%edgeX440.61+0.118%Variational Omni440.62+0.121%SoDEX440.71+0.141%tradeXYZ440.74+0.148%KuCoin440.81+0.164%Vest440.86+0.175%Polymarket Perps440.87+0.177%
Bybit440.88+0.180%
Lighter440.99+0.205%Aster441.00+0.206%Gate441.00+0.207%Orderly441.02+0.211%Aevo441.07+0.222%Lighter RH441.09+0.227%Deribit441.10+0.229%Extended441.13+0.237%
Bitget441.14+0.239%
OKX441.16+0.243%BloFin441.17+0.245%SunX441.18+0.248%Binance441.23+0.260%Phemex441.33+0.282%Injective446.56+1.470%

TSM on 27 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps TSM-USD.P−0.179%+0.0050%1h$155K$14K10xas long as short
HTX TSM-USDT−0.177%0.0000%8h$9K$5K20xas long as short
Coinbase International TSM-PERP-INTX−0.111%−0.0104%1h$363K$65K10xas long as short
Phoenix TSM−0.073%+0.0181%1h$214K$5K10xas long as short
edgeX TSMUSDC−0.061%−0.0957%4h$47K$214K10xas long as short
Variational Omni TSM−0.058%0.0000%8h$564K$93K—as long as short
SoDEX TSM-USD−0.039%+0.0050%1h$136$3K10xas long as short
tradeXYZ xyz:TSM−0.032%+0.0050%1h$10.5M$1.6M10xas long as short
KuCoin TSMUSDTM−0.016%+0.0100%8h$271K$308K20xas long as short
Vest TSM-USD-PERP−0.005%+0.0046%1h——25xas long as short
Show all 27 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps TSM-USD−0.002%+0.0050%1h$179K$51K10xas long as short
Bybit TSMUSDTlong0.000%0.0000%8h$2.0M$243K50x
Lighter TSM+0.025%+0.0032%1h$498K$101K10xas long as short
Aster TSMUSDT+0.026%0.0000%8h$81K$48520xas long as short
Gate TSM_USDT+0.027%0.0000%8h$1.8M$519K100xas long as short
Orderly PERP_TSM_USDC_mythos+0.032%+0.0100%8h$21—10xas long as short
Aevo TSM-PERP+0.042%+0.0104%1h$123—10xas long as short
Lighter RH TSM+0.048%+0.0032%1h$240K$1.1M10xas long as short
Deribit TSM_USDC-PERPETUAL+0.050%+0.0158%1h$4$59K10xas long as short
Extended TSM-USD+0.057%0.0000%1h$4K$163K10xas long as short
Bitget TSMUSDTshort+0.059%+0.0078%8h$1.9M$671K20x
OKX TSM-USDT-SWAP+0.064%0.0000%8h$3.8M$1.6M20xas long as short
BloFin TSM-USDT+0.066%+0.0013%8h$46K$67K20xas long as short
SunX TSM-USDT+0.068%0.0000%8h$2K$3.4M10xas long as short
Binance TSMUSDT+0.080%0.0000%8h$13.0M$3.6M20xas long as short
Phemex TSMUSDT+0.102%0.0000%8h$1.5M$265K10xas long as short
Injective TSM/USDC PERP+1.288%+0.0220%1h$7K$47512xas long as short