After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.027%7d average+0.006%fees + slippage, in and out−$39spread needed0.387%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TSM-USD | 443.02 | 0 | get 0.0000% / 1h | 50m 47s | $2K | $167K | 10x |
| Short | Phoenix TSM | 443.14 | 0.0181 | get 0.0023% / 1h | 50m 47s | $216K | $5K | 10x |
Extended TSM-USD
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
- $2.66
- Funding while held
- $5.42
- Slippage, 4 orders
- −$26.69
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$30.6
- Spread needed to break even
- 0.387%
Slippage from Extended: live order book, 53 min ago; Phoenix: live order book, 51 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0181%
- Per $10,000 a day
- +$5.42
- 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 Extended live order book, 53 min ago | 2.15 bp | 10.1 bp −$10 | 99.4 bp −$994 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 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 International442.09cheapestSoDEX442.58+0.111%tradeXYZ442.65+0.127%Gate442.70+0.138%Polymarket Perps442.71+0.140%Deribit442.71+0.140%KuCoin442.75+0.149%Vest442.78+0.156%Lighter RH442.83+0.167%Bybit442.84+0.170%Ondo Perps442.84+0.170%Aevo442.90+0.184%BloFin442.92+0.188%OKX442.96+0.197%Bitget442.96+0.197%Orderly442.96+0.197%SunX442.97+0.199%Phemex442.97+0.199%
Coinbase International
SoDEX
tradeXYZ
Gate
Polymarket Perps
Deribit
KuCoin
Vest
Lighter RH
Bybit
Ondo Perps
Aevo
BloFin
OKX
Bitget
Orderly
SunX
PhemexExtended443.02+0.211%
Binance443.05+0.216%Variational Omni443.12+0.234%
Binance
Variational OmniPhoenix443.14+0.238%
Lighter443.34+0.283%Aster443.35+0.285%edgeX443.36+0.288%HTX443.38+0.292%Injective447.58+1.242%
Lighter
Aster
HTX
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 | −0.210% | −0.0048% | 1h | $357K | $84K | 10x | as long as short |
| SoDEX TSM-USD | −0.100% | +0.0050% | 1h | $148 | $3K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.084% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Gate TSM_USDT | −0.073% | 0.0000% | 8h | $1.7M | $802K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.070% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.070% | 0.0000% | 1h | $97 | $61K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.061% | +0.0100% | 8h | $272K | $302K | 20x | as long as short |
| Vest TSM-USD-PERP | −0.055% | +0.0046% | 1h | — | — | 25x | as long as short |
| Lighter RH TSM | −0.043% | +0.0032% | 1h | $201K | $889K | 10x | as long as short |
| Bybit TSMUSDT | −0.041% | 0.0000% | 8h | $2.0M | $348K | 50x | 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 | −0.041% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Aevo TSM-PERP | −0.026% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| BloFin TSM-USDT | −0.023% | −0.0009% | 8h | $45K | $90K | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.014% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Bitget TSMUSDT | −0.014% | +0.0099% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.014% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | −0.012% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Phemex TSMUSDT | −0.012% | 0.0000% | 8h | $1.5M | $396K | 10x | as long as short |
| Extended TSM-USDlong | 0.000% | 0.0000% | 1h | $2K | $167K | 10x | |
| Binance TSMUSDT | +0.005% | 0.0000% | 8h | $13.1M | $6.0M | 20x | as long as short |
| Variational Omni TSM | +0.023% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| Phoenix TSMshort | +0.027% | +0.0181% | 1h | $216K | $5K | 10x | |
| Lighter TSM | +0.072% | +0.0120% | 1h | $501K | $142K | 10x | as long as short |
| Aster TSMUSDT | +0.074% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| edgeX TSMUSDC | +0.077% | −0.0802% | 4h | $48K | $215K | 10x | as long as short |
| HTX TSM-USDT | +0.081% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.029% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |