After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.242%7d average+0.203%fees + slippage, in and out−$37spread needed0.373%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TSM-PERP-INTX | 442.09 | −0.0048 | get 0.0006% / 1h | 52m 16s | $357K | $84K | 10x |
| Short | Phoenix TSM | 443.16 | 0.0181 | get 0.0023% / 1h | 52m 16s | $216K | $5K | 10x |
Coinbase International TSM-PERP-INTX
Phoenix TSMPrice 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
- $24.2
- Funding while held
- $6.86
- Slippage, 4 orders
- −$20.27
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$6.21
- Spread needed to break even
- 0.373%
Slippage from Coinbase International: live order book, 52 min ago; Phoenix: live order book, 49 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0229%
- Per $10,000 a day
- +$6.86
- 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, 52 min ago | 4.98 bp | 10.0 bp −$10 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 49 min ago | 2.04 bp | 8.5 bp −$8 | 16.3 bp −$163 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.09cheapest
Ondo Perps442.85+0.172%KuCoin442.88+0.179%HTX442.94+0.192%SoDEX442.96+0.197%tradeXYZ442.97+0.199%Polymarket Perps442.97+0.199%Bybit443.06+0.219%Vest443.08+0.224%Variational Omni443.12+0.234%
Ondo Perps
KuCoin
HTX
SoDEX
tradeXYZ
Polymarket Perps
Bybit
Vest
Variational OmniPhoenix443.16+0.242%
Gate443.17+0.244%Bitget443.18+0.247%edgeX443.19+0.248%Deribit443.21+0.253%OKX443.22+0.256%Aevo443.27+0.267%Extended443.27+0.268%Binance443.28+0.269%Orderly443.28+0.269%Lighter RH443.32+0.278%SunX443.32+0.278%Phemex443.42+0.301%BloFin443.53+0.326%Aster443.73+0.371%Lighter443.81+0.389%Injective447.58+1.242%
Gate
Bitget
Deribit
OKX
Aevo
Extended
Binance
Orderly
Lighter RH
SunX
Phemex
BloFin
Aster
Lighter
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% | −0.0048% | 1h | $357K | $84K | 10x | |
| Ondo Perps TSM-USD.P | +0.172% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| KuCoin TSMUSDTM | +0.179% | +0.0100% | 8h | $272K | $301K | 20x | as long as short |
| HTX TSM-USDT | +0.192% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| SoDEX TSM-USD | +0.197% | +0.0050% | 1h | $148 | $3K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.199% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.199% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Bybit TSMUSDT | +0.219% | 0.0000% | 8h | $2.0M | $348K | 50x | as long as short |
| Vest TSM-USD-PERP | +0.224% | +0.0046% | 1h | — | — | 25x | as long as short |
| Variational Omni TSM | +0.234% | 0.0000% | 8h | $559K | $81K | — | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix TSMshort | +0.242% | +0.0181% | 1h | $216K | $5K | 10x | |
| Gate TSM_USDT | +0.244% | 0.0000% | 8h | $1.8M | $802K | 100x | as long as short |
| Bitget TSMUSDT | +0.247% | +0.0099% | 8h | $1.6M | $1.4M | 20x | as long as short |
| edgeX TSMUSDC | +0.248% | +0.0125% | 4h | $48K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.253% | 0.0000% | 1h | $98 | $61K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.256% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Aevo TSM-PERP | +0.267% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Extended TSM-USD | +0.268% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | +0.269% | 0.0000% | 8h | $13.1M | $6.0M | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.269% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Lighter RH TSM | +0.278% | +0.0032% | 1h | $201K | $887K | 10x | as long as short |
| SunX TSM-USDT | +0.278% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Phemex TSMUSDT | +0.301% | 0.0000% | 8h | $1.5M | $396K | 10x | as long as short |
| BloFin TSM-USDT | +0.326% | +0.0007% | 8h | $45K | $90K | 20x | as long as short |
| Aster TSMUSDT | +0.371% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.389% | +0.0096% | 1h | $501K | $140K | 10x | as long as short |
| Injective TSM/USDC PERP | +1.242% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |