Spread before costs (cost unknown: a leg has no order-book sample)−0.012%
7d average—if it closes, per $10,000$1funding while held, a day−$9.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 441.71 | 0.0339 | pay 0.0042% / 1h | 41m 56s | $4 | $61K | 10x |
| Short | Extended TSM-USD | 441.66 | 0.0008 | get 0.0001% / 1h | 41m 56s | $2K | $167K | 10x |
Deribit TSM_USDC-PERPETUAL
Extended TSM-USDPrice 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
- −$1.19
- Funding while held
- −$9.93
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$23.12
- Spread needed to break even
- 0.120%
Slippage unknown: Deribit: no order-book sample; Extended: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0331%
- Per $10,000 a day
- −$9.93
- 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 Extended live order book, 2 min ago | 2.15 bp | 11.7 bp −$12 | 118.9 bp −$1,189 | 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 International440.87cheapestKuCoin441.30+0.098%tradeXYZ441.31+0.100%SoDEX441.35+0.109%Bybit441.40+0.120%Gate441.46+0.134%Vest441.46+0.134%Polymarket Perps441.58+0.161%HTX441.58+0.161%Lighter RH441.60+0.166%Bitget441.61+0.168%OKX441.63+0.172%Ondo Perps441.65+0.177%
Coinbase International
KuCoin
tradeXYZ
SoDEX
Bybit
Gate
Vest
Polymarket Perps
HTX
Lighter RH
Bitget
OKX
Ondo PerpsExtended441.66+0.179%
Binance441.68+0.183%Phemex441.70+0.188%
Binance
PhemexDeribit441.71+0.191%
Phoenix441.73+0.195%Lighter441.74+0.197%Aevo441.76+0.201%SunX441.82+0.215%BloFin441.82+0.215%Orderly441.84+0.220%edgeX441.88+0.230%Variational Omni442.01+0.259%Aster442.16+0.293%Injective446.17+1.202%
Phoenix
Lighter
Aevo
SunX
BloFin
Orderly
Variational Omni
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-INTX | −0.190% | −0.0024% | 1h | $357K | $82K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.093% | +0.0100% | 8h | $271K | $306K | 20x | as long as short |
| tradeXYZ xyz:TSM | −0.091% | +0.0050% | 1h | $10.3M | $2.1M | 10x | as long as short |
| SoDEX TSM-USD | −0.082% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| Bybit TSMUSDT | −0.070% | 0.0000% | 8h | $2.0M | $331K | 50x | as long as short |
| Gate TSM_USDT | −0.057% | 0.0000% | 8h | $1.7M | $765K | 100x | as long as short |
| Vest TSM-USD-PERP | −0.057% | +0.0046% | 1h | — | — | 25x | as long as short |
| Polymarket Perps TSM-USD | −0.029% | +0.0050% | 1h | $180K | $75K | 10x | as long as short |
| HTX TSM-USDT | −0.029% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| Lighter RH TSM | −0.025% | +0.0032% | 1h | $225K | $947K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.023% | +0.0140% | 8h | $1.7M | $1.3M | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.018% | 0.0000% | 8h | $3.8M | $2.4M | 20x | as long as short |
| Ondo Perps TSM-USD.P | −0.014% | +0.0050% | 1h | $157K | $16K | 10x | as long as short |
| Extended TSM-USDshort | −0.012% | +0.0008% | 1h | $2K | $167K | 10x | |
| Binance TSMUSDT | −0.007% | +0.0009% | 8h | $13.0M | $5.7M | 20x | as long as short |
| Phemex TSMUSDT | −0.002% | 0.0000% | 8h | $1.5M | $383K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | 0.000% | +0.0339% | 1h | $4 | $61K | 10x | |
| Phoenix TSM | +0.005% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| Lighter TSM | +0.007% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| Aevo TSM-PERP | +0.010% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| SunX TSM-USDT | +0.025% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| BloFin TSM-USDT | +0.025% | +0.0025% | 8h | $45K | $87K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.029% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| edgeX TSMUSDC | +0.039% | −0.0496% | 4h | $48K | $216K | 10x | as long as short |
| Variational Omni TSM | +0.068% | 0.0000% | 8h | $557K | $81K | — | as long as short |
| Aster TSMUSDT | +0.102% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.010% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |