Spread before costs (cost unknown: a leg has no order-book sample)+0.134%
7d average—if it closes, per $10,000$13funding while held, a day+$10.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 440.87 | −0.0024 | get 0.0003% / 1h | 39m 51s | $357K | $82K | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 441.46 | 0.0317 | get 0.0040% / 1h | 39m 51s | $4 | $61K | 10x |
Coinbase International TSM-PERP-INTX
Deribit TSM_USDC-PERPETUALPrice 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
- $13.38
- Funding while held
- $10.22
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $6.6
- Spread needed to break even
- 0.170%
Slippage unknown: Coinbase International: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0341%
- Per $10,000 a day
- +$10.22
- 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 Coinbase International live order book, 5 min ago | 4.98 bp | 10.0 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 International440.87cheapest
Vest441.13+0.059%SoDEX441.14+0.061%tradeXYZ441.19+0.073%Polymarket Perps441.22+0.079%Gate441.27+0.091%KuCoin441.27+0.091%Bybit441.28+0.093%OKX441.28+0.093%Bitget441.34+0.107%Ondo Perps441.39+0.118%Lighter RH441.46+0.134%
Vest
SoDEX
tradeXYZ
Polymarket Perps
Gate
KuCoin
Bybit
OKX
Bitget
Ondo Perps
Lighter RHDeribit441.46+0.134%
Orderly441.48+0.138%SunX441.48+0.138%Aevo441.51+0.146%HTX441.52+0.147%BloFin441.53+0.150%Extended441.53+0.151%Lighter441.54+0.152%Binance441.58+0.160%Variational Omni441.66+0.179%Phemex441.70+0.188%Phoenix441.73+0.195%edgeX441.79+0.209%Aster441.97+0.250%Injective446.17+1.202%
Orderly
SunX
Aevo
HTX
BloFin
Extended
Lighter
Binance
Variational Omni
Phemex
Phoenix
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-INTXlong | 0.000% | −0.0024% | 1h | $357K | $82K | 10x | |
| Vest TSM-USD-PERP | +0.059% | +0.0046% | 1h | — | — | 25x | as long as short |
| SoDEX TSM-USD | +0.061% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.073% | +0.0050% | 1h | $10.3M | $2.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.079% | +0.0050% | 1h | $180K | $75K | 10x | as long as short |
| Gate TSM_USDT | +0.091% | 0.0000% | 8h | $1.7M | $766K | 100x | as long as short |
| KuCoin TSMUSDTM | +0.091% | +0.0100% | 8h | $271K | $305K | 20x | as long as short |
| Bybit TSMUSDT | +0.093% | 0.0000% | 8h | $2.0M | $331K | 50x | as long as short |
| OKX TSM-USDT-SWAP | +0.093% | 0.0000% | 8h | $3.8M | $2.4M | 20x | as long as short |
| Bitget TSMUSDT | +0.107% | +0.0140% | 8h | $1.7M | $1.3M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps TSM-USD.P | +0.118% | +0.0050% | 1h | $157K | $16K | 10x | as long as short |
| Lighter RH TSM | +0.134% | +0.0032% | 1h | $225K | $947K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.134% | +0.0317% | 1h | $4 | $61K | 10x | |
| Orderly PERP_TSM_USDC_mythos | +0.138% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | +0.138% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Aevo TSM-PERP | +0.146% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| HTX TSM-USDT | +0.147% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| BloFin TSM-USDT | +0.150% | +0.0011% | 8h | $45K | $87K | 20x | as long as short |
| Extended TSM-USD | +0.151% | +0.0008% | 1h | $2K | $167K | 10x | as long as short |
| Lighter TSM | +0.152% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| Binance TSMUSDT | +0.160% | +0.0008% | 8h | $13.0M | $5.8M | 20x | as long as short |
| Variational Omni TSM | +0.179% | 0.0000% | 8h | $557K | $81K | — | as long as short |
| Phemex TSMUSDT | +0.188% | 0.0000% | 8h | $1.5M | $383K | 10x | as long as short |
| Phoenix TSM | +0.195% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| edgeX TSMUSDC | +0.209% | −0.0004% | 4h | $48K | $214K | 10x | as long as short |
| Aster TSMUSDT | +0.250% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.202% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |