Spread before costs (cost unknown: a leg has no order-book sample)−0.090%
7d average—if it closes, per $10,000$9funding while held, a day−$14.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TSM_USDC-PERPETUAL | 442.75 | 0.0586 | pay 0.0073% / 1h | 12m 16s | $4 | $61K | 10x |
| Short | KuCoin TSMUSDTM | 442.35 | 0.0100 | get 0.0100% / 8h | 7h 12m | $271K | $302K | 20x |
Deribit TSM_USDC-PERPETUAL
KuCoin TSMUSDTMPrice 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
- −$9.03
- Funding while held
- −$14.59
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$42.63
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 36 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0486%
- Per $10,000 a day
- −$14.59
- 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 KuCoin live order book, 36 min ago | 13.94 bp | 54.1 bp −$54 | doesn't fit | 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.Ondo Perps442.31cheapest
Ondo PerpsKuCoin442.35+0.009%
Vest442.37+0.014%tradeXYZ442.38+0.016%SoDEX442.38+0.016%Polymarket Perps442.45+0.032%Bybit442.47+0.036%Gate442.50+0.043%Coinbase International442.58+0.061%Bitget442.62+0.070%Lighter RH442.64+0.075%SunX442.67+0.081%BloFin442.67+0.081%OKX442.68+0.084%Phoenix442.69+0.086%Aevo442.69+0.086%Binance442.71+0.090%
Vest
tradeXYZ
SoDEX
Polymarket Perps
Bybit
Gate
Coinbase International
Bitget
Lighter RH
SunX
BloFin
OKX
Phoenix
Aevo
BinanceDeribit442.75+0.099%
HTX442.76+0.102%Extended442.77+0.104%edgeX442.78+0.105%Orderly442.83+0.118%Phemex442.83+0.118%Variational Omni442.85+0.122%Lighter443.00+0.156%Aster443.11+0.181%Injective447.28+1.124%
HTX
Extended
Orderly
Phemex
Variational Omni
Lighter
Aster
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps TSM-USD.P | −0.099% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| KuCoin TSMUSDTMshort | −0.090% | +0.0100% | 8h | $271K | $302K | 20x | |
| Vest TSM-USD-PERP | −0.086% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | −0.084% | +0.0050% | 1h | $10.3M | $2.1M | 10x | as long as short |
| SoDEX TSM-USD | −0.084% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.068% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Bybit TSMUSDT | −0.063% | 0.0000% | 8h | $2.0M | $345K | 50x | as long as short |
| Gate TSM_USDT | −0.056% | 0.0000% | 8h | $1.7M | $805K | 100x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.038% | −0.0024% | 1h | $357K | $84K | 10x | as long as short |
| Bitget TSMUSDT | −0.029% | +0.0118% | 8h | $1.7M | $1.4M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH TSM | −0.025% | +0.0032% | 1h | $200K | $982K | 10x | as long as short |
| SunX TSM-USDT | −0.018% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| BloFin TSM-USDT | −0.018% | +0.0025% | 8h | $45K | $89K | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.016% | 0.0000% | 8h | $3.9M | $2.7M | 20x | as long as short |
| Phoenix TSM | −0.014% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| Aevo TSM-PERP | −0.013% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Binance TSMUSDT | −0.009% | 0.0000% | 8h | $13.1M | $5.9M | 20x | as long as short |
| Deribit TSM_USDC-PERPETUALlong | 0.000% | +0.0586% | 1h | $4 | $61K | 10x | |
| HTX TSM-USDT | +0.002% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| Extended TSM-USD | +0.004% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| edgeX TSMUSDC | +0.006% | +0.0184% | 4h | $48K | $216K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.018% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Phemex TSMUSDT | +0.018% | 0.0000% | 8h | $1.5M | $391K | 10x | as long as short |
| Variational Omni TSM | +0.022% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| Lighter TSM | +0.056% | +0.0032% | 1h | $500K | $127K | 10x | as long as short |
| Aster TSMUSDT | +0.082% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.023% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |