Spread before costs (cost unknown: a leg has no order-book sample)+0.086%
7d average—if it closes, per $10,000$9funding while held, a day+$0.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TSM_USDT | 443.70 | 0 | get 0.0000% / 8h | 5h 02m | $1.7M | $841K | 100x |
| Short | BloFin TSM-USDT | 444.08 | 0.0006 | get 0.0006% / 8h | 5h 02m | $45K | $96K | 20x |
Gate TSM_USDT
BloFin TSM-USDTPrice 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
- $8.56
- Funding while held
- $0.19
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.25
- Spread needed to break even
- 0.270%
Slippage unknown: Gate: live order book, 2 min ago; BloFin: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0006%
- Per $10,000 a day
- +$0.19
- 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 Gate live order book, 2 min ago | 3.49 bp | 18.0 bp −$18 | 57.3 bp −$573 | 130.2 bp −$13.0K | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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 International442.69cheapestPhoenix443.63+0.212%Ondo Perps443.69+0.226%SoDEX443.69+0.226%HTX443.69+0.226%
Coinbase International
Phoenix
Ondo Perps
SoDEX
HTXGate443.70+0.228%
Variational Omni443.72+0.233%Polymarket Perps443.74+0.237%tradeXYZ443.75+0.239%Bybit443.75+0.239%KuCoin443.81+0.253%OKX443.83+0.258%edgeX443.88+0.268%Vest443.88+0.269%Bitget443.94+0.282%Extended443.97+0.289%Orderly443.97+0.289%Aevo443.99+0.293%Deribit444.00+0.296%Binance444.00+0.296%SunX444.03+0.303%
Variational Omni
Polymarket Perps
tradeXYZ
Bybit
KuCoin
OKX
Vest
Bitget
Extended
Orderly
Aevo
Deribit
Binance
SunXBloFin444.08+0.314%
Phemex444.09+0.316%Lighter RH444.11+0.321%Aster444.46+0.400%Lighter444.53+0.416%Injective447.82+1.159%
Phemex
Lighter RH
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-INTX | −0.228% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
| Phoenix TSM | −0.016% | +0.0199% | 1h | $216K | $5K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.002% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| SoDEX TSM-USD | −0.002% | +0.0050% | 1h | $151 | $3K | 10x | as long as short |
| HTX TSM-USDT | −0.002% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Gate TSM_USDTlong | 0.000% | 0.0000% | 8h | $1.7M | $841K | 100x | |
| Variational Omni TSM | +0.005% | 0.0000% | 8h | $560K | $81K | — | as long as short |
| Polymarket Perps TSM-USD | +0.009% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.011% | +0.0050% | 1h | $10.3M | $2.3M | 10x | as long as short |
| Bybit TSMUSDT | +0.011% | 0.0000% | 8h | $2.0M | $359K | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin TSMUSDTM | +0.025% | +0.0100% | 8h | $272K | $323K | 20x | as long as short |
| OKX TSM-USDT-SWAP | +0.029% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| edgeX TSMUSDC | +0.040% | −0.0190% | 4h | $48K | $216K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.041% | +0.0046% | 1h | — | — | 25x | as long as short |
| Bitget TSMUSDT | +0.054% | +0.0078% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Extended TSM-USD | +0.061% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.061% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.064% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.068% | +0.0223% | 1h | $4 | $61K | 10x | as long as short |
| Binance TSMUSDT | +0.068% | 0.0000% | 8h | $13.1M | $6.3M | 20x | as long as short |
| SunX TSM-USDT | +0.074% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| BloFin TSM-USDTshort | +0.086% | +0.0006% | 8h | $45K | $96K | 20x | |
| Phemex TSMUSDT | +0.088% | 0.0000% | 8h | $1.5M | $423K | 10x | as long as short |
| Lighter RH TSM | +0.092% | +0.0032% | 1h | $204K | $749K | 10x | as long as short |
| Aster TSMUSDT | +0.171% | 0.0000% | 8h | $82K | $1K | 20x | as long as short |
| Lighter TSM | +0.187% | +0.0400% | 1h | $502K | $153K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.929% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |