Spread before costs (cost unknown: a leg has no order-book sample)+0.209%
7d average—if it closes, per $10,000$21funding while held, a day−$6.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 439.49 | 0.0296 | pay 0.0037% / 1h | 32m 30s | $4 | $59K | 10x |
| Short | Bitget TSMUSDT | 440.41 | 0.0084 | get 0.0084% / 8h | 1h 32m | $1.8M | $932K | 20x |
Deribit TSM_USDC-PERPETUAL
Bitget TSMUSDTPrice 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
- $20.93
- Funding while held
- −$6.37
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$4.44
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0212%
- Per $10,000 a day
- −$6.37
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 1 min ago | 2.50 bp | 11.7 bp −$12 | 24.3 bp −$243 | doesn't fit | doesn't fit |
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 International437.82cheapestPhoenix438.28+0.105%Ondo Perps438.53+0.162%HTX438.55+0.167%Variational Omni438.69+0.199%edgeX439.20+0.314%SoDEX439.25+0.327%
Coinbase International
Phoenix
Ondo Perps
HTX
Variational Omni
SoDEXDeribit439.49+0.381%
Aevo439.54+0.392%Orderly439.55+0.395%KuCoin439.61+0.409%Aster439.62+0.412%Vest439.66+0.420%Phemex439.66+0.420%SunX439.70+0.429%BloFin439.70+0.429%Gate439.74+0.439%Lighter439.78+0.448%Extended439.92+0.479%Lighter RH439.94+0.484%Polymarket Perps439.97+0.491%Bybit440.00+0.498%Binance440.26+0.557%tradeXYZ440.27+0.560%
Aevo
Orderly
KuCoin
Aster
Vest
Phemex
SunX
BloFin
Gate
Lighter
Extended
Lighter RH
Polymarket Perps
Bybit
Binance
tradeXYZBitget440.41+0.592%
OKX440.42+0.594%Injective442.93+1.167%
OKX
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 | −0.380% | −0.0032% | 1h | $352K | $78K | 10x | as long as short |
| Phoenix TSM | −0.275% | +0.0182% | 1h | $213K | $5K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.218% | +0.0050% | 1h | $154K | $14K | 10x | as long as short |
| HTX TSM-USDT | −0.214% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| Variational Omni TSM | −0.181% | 0.0000% | 8h | $552K | $102K | — | as long as short |
| edgeX TSMUSDC | −0.067% | −0.0357% | 4h | $47K | $215K | 10x | as long as short |
| SoDEX TSM-USD | −0.055% | +0.0050% | 1h | $145 | $3K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | 0.000% | +0.0296% | 1h | $4 | $59K | 10x | |
| Aevo TSM-PERP | +0.010% | +0.0104% | 1h | $123 | — | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.014% | +0.0100% | 8h | $21 | — | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin TSMUSDTM | +0.027% | +0.0100% | 8h | $270K | $322K | 20x | as long as short |
| Aster TSMUSDT | +0.030% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Vest TSM-USD-PERP | +0.039% | +0.0046% | 1h | — | — | 25x | as long as short |
| Phemex TSMUSDT | +0.039% | 0.0000% | 8h | $1.5M | $322K | 10x | as long as short |
| SunX TSM-USDT | +0.048% | 0.0000% | 8h | $2K | $4.5M | 10x | as long as short |
| BloFin TSM-USDT | +0.048% | +0.0016% | 8h | $45K | $78K | 20x | as long as short |
| Gate TSM_USDT | +0.057% | 0.0000% | 8h | $1.8M | $674K | 100x | as long as short |
| Lighter TSM | +0.066% | +0.0032% | 1h | $497K | $101K | 10x | as long as short |
| Extended TSM-USD | +0.097% | 0.0000% | 1h | $4K | $166K | 10x | as long as short |
| Lighter RH TSM | +0.102% | +0.0032% | 1h | $235K | $1.1M | 10x | as long as short |
| Polymarket Perps TSM-USD | +0.109% | +0.0050% | 1h | $178K | $51K | 10x | as long as short |
| Bybit TSMUSDT | +0.116% | 0.0000% | 8h | $2.0M | $302K | 50x | as long as short |
| Binance TSMUSDT | +0.175% | 0.0000% | 8h | $12.9M | $4.8M | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.177% | +0.0050% | 1h | $10.4M | $1.9M | 10x | as long as short |
| Bitget TSMUSDTshort | +0.209% | +0.0084% | 8h | $1.8M | $932K | 20x | |
| OKX TSM-USDT-SWAP | +0.212% | 0.0000% | 8h | $3.8M | $2.1M | 20x | as long as short |
| Injective TSM/USDC PERP | +0.783% | +0.0220% | 1h | $6K | $38K | 12x | as long as short |