data as of
Settings8H · net · $10k
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Price arb /

TSM

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.025%7d average−0.165%fees + slippage, in and out−$51spread needed0.511%
Long on GateShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TSM_USDT442.730get 0.0000% / 8h6h 05m$1.7M$832K100x
ShortCoinbase International TSM-PERP-INTX442.62−0.0048pay 0.0006% / 1h5m 32s$357K$87K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.48
Funding while held
−$1.44
Slippage, 4 orders
−$26.11
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$55.03
Spread needed to break even
0.511%
Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 34 min ago.

Cost of waiting

funding view
Funding /8h
−0.0048%
Per $10,000 a day
−$1.44
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago3.16 bp17.7 bp −$1855.0 bp −$550127.1 bp −$12.7Kdoesn't fit
Sell Coinbase International live order book, 34 min ago4.41 bp9.7 bp −$1012.6 bp −$126doesn't fitdoesn't fit

TSM price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International442.62cheapest
KuCoin442.71+0.020%
Gate442.73+0.025%
Ondo Perps442.77+0.034%Polymarket Perps442.84+0.050%SoDEX442.85+0.052%tradeXYZ442.88+0.059%Bybit442.88+0.059%HTX442.90+0.063%Vest442.93+0.070%BloFin442.93+0.070%Bitget442.96+0.077%Binance443.00+0.086%Extended443.00+0.086%edgeX443.01+0.089%OKX443.03+0.093%Orderly443.09+0.106%Aevo443.10+0.108%Deribit443.10+0.108%Phoenix443.12+0.113%SunX443.12+0.113%Variational Omni443.12+0.114%Lighter RH443.13+0.115%Phemex443.22+0.136%Aster443.48+0.195%Lighter443.57+0.215%Injective446.67+0.915%

TSM on 27 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International TSM-PERP-INTXshort−0.025%−0.0048%1h$357K$87K10x
KuCoin TSMUSDTM−0.005%+0.0100%8h$271K$304K20xas long as short
Gate TSM_USDTlong0.000%0.0000%8h$1.7M$832K100x
Ondo Perps TSM-USD.P+0.009%+0.0050%1h$157K$17K10xas long as short
Polymarket Perps TSM-USD+0.025%+0.0050%1h$187K$82K10xas long as short
SoDEX TSM-USD+0.027%+0.0050%1h$150$3K10xas long as short
tradeXYZ xyz:TSM+0.034%+0.0050%1h$10.3M$2.2M10xas long as short
Bybit TSMUSDT+0.034%0.0000%8h$2.0M$354K50xas long as short
HTX TSM-USDT+0.038%0.0000%8h$9K$8K20xas long as short
Vest TSM-USD-PERP+0.045%+0.0046%1h——25xas long as short
Show all 27 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin TSM-USDT+0.045%+0.0009%8h$45K$93K20xas long as short
Bitget TSMUSDT+0.052%+0.0104%8h$1.7M$1.4M20xas long as short
Binance TSMUSDT+0.061%0.0000%8h$13.1M$6.1M20xas long as short
Extended TSM-USD+0.061%0.0000%1h$2K$167K10xas long as short
edgeX TSMUSDC+0.064%+0.0402%4h$48K$215K10xas long as short
OKX TSM-USDT-SWAP+0.068%0.0000%8h$3.9M$2.8M20xas long as short
Orderly PERP_TSM_USDC_mythos+0.081%+0.0100%8h$21—10xas long as short
Aevo TSM-PERP+0.083%+0.0104%1h$124—10xas long as short
Deribit TSM_USDC-PERPETUAL+0.084%+0.0066%1h$97$61K10xas long as short
Phoenix TSM+0.088%+0.0181%1h$216K$5K10xas long as short
SunX TSM-USDT+0.088%0.0000%8h$2K$5.3M10xas long as short
Variational Omni TSM+0.089%0.0000%8h$559K$81K—as long as short
Lighter RH TSM+0.090%+0.0032%1h$205K$902K10xas long as short
Phemex TSMUSDT+0.111%0.0000%8h$1.5M$409K10xas long as short
Aster TSMUSDT+0.170%0.0000%8h$81K$1K20xas long as short
Lighter TSM+0.190%+0.0368%1h$501K$152K10xas long as short
Injective TSM/USDC PERP+0.890%+0.0220%1h$7K$38K12xas long as short