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−$55
spread now−0.068%7d average+0.030%fees + slippage, in and out−$45spread needed0.448%
Long on BybitShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TSMUSDT440.880get 0.0000% / 8h1h 25m$2.0M$305K50x
ShortedgeX TSMUSDC440.580.0592get 0.0296% / 4h1h 25m$47K$214K10x

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
−$6.79
Funding while held
$17.76
Slippage, 4 orders
−$24.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$33.83
Spread needed to break even
0.448%
Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 28 min ago.

Cost of waiting

funding view
Funding /8h
+0.0592%
Per $10,000 a day
+$17.76
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, 2 min ago1.70 bp11.0 bp −$1140.9 bp −$409doesn't fitdoesn't fit
Sell edgeX live order book, 28 min ago5.82 bp10.5 bp −$1113.1 bp −$131doesn't fitdoesn't fit

TSM price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International440.05cheapestOndo Perps440.11+0.014%Vest440.46+0.093%SoDEX440.56+0.116%Phoenix440.57+0.118%
edgeX440.58+0.121%
Polymarket Perps440.65+0.136%Variational Omni440.70+0.147%BloFin440.75+0.159%Aster440.79+0.169%tradeXYZ440.80+0.170%Gate440.82+0.175%HTX440.82+0.175%KuCoin440.84+0.180%
Bybit440.88+0.189%
Orderly440.88+0.189%Aevo440.91+0.196%Deribit440.92+0.198%Phemex440.93+0.200%Lighter440.98+0.211%OKX441.04+0.225%Extended441.07+0.233%Lighter RH441.11+0.241%Bitget441.15+0.250%SunX441.15+0.250%Binance441.23+0.268%Injective444.66+1.048%

TSM on 27 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International TSM-PERP-INTX−0.188%−0.0032%1h$354K$79K10xas long as short
Ondo Perps TSM-USD.P−0.175%+0.0050%1h$155K$14K10xas long as short
Vest TSM-USD-PERP−0.095%+0.0046%1h——25xas long as short
SoDEX TSM-USD−0.073%+0.0050%1h$145$3K10xas long as short
Phoenix TSM−0.070%+0.0182%1h$214K$5K10xas long as short
edgeX TSMUSDCshort−0.068%+0.0592%4h$47K$214K10x
Polymarket Perps TSM-USD−0.052%+0.0050%1h$179K$51K10xas long as short
Variational Omni TSM−0.042%0.0000%8h$555K$102K—as long as short
BloFin TSM-USDT−0.029%−0.0025%8h$45K$80K20xas long as short
Aster TSMUSDT−0.020%0.0000%8h$81K$1K20xas long as short
Show all 27 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:TSM−0.018%+0.0050%1h$10.4M$1.9M10xas long as short
Gate TSM_USDT−0.014%0.0000%8h$1.8M$690K100xas long as short
HTX TSM-USDT−0.014%0.0000%8h$9K$6K20xas long as short
KuCoin TSMUSDTM−0.009%+0.0100%8h$271K$322K20xas long as short
Bybit TSMUSDTlong0.000%0.0000%8h$2.0M$305K50x
Orderly PERP_TSM_USDC_mythos0.000%+0.0100%8h$21—10xas long as short
Aevo TSM-PERP+0.007%+0.0104%1h$123—10xas long as short
Deribit TSM_USDC-PERPETUAL+0.009%+0.0408%1h$4$59K10xas long as short
Phemex TSMUSDT+0.011%0.0000%8h$1.5M$331K10xas long as short
Lighter TSM+0.023%+0.0032%1h$498K$101K10xas long as short
OKX TSM-USDT-SWAP+0.036%0.0000%8h$3.8M$2.2M20xas long as short
Extended TSM-USD+0.044%0.0000%1h$4K$166K10xas long as short
Lighter RH TSM+0.052%+0.0032%1h$234K$1.1M10xas long as short
Bitget TSMUSDT+0.061%+0.0085%8h$1.8M$942K20xas long as short
SunX TSM-USDT+0.061%0.0000%8h$1K$4.7M10xas long as short
Binance TSMUSDT+0.079%0.0000%8h$13.1M$5.0M20xas long as short
Injective TSM/USDC PERP+0.857%+0.0220%1h$6K$38K12xas long as short