Spread before costs (cost unknown: a leg has no order-book sample)−0.016%
7d average—if it closes, per $10,000$2funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TSM-USDT | 443.31 | 0 | get 0.0000% / 8h | 5h 21m | $9K | $8K | 20x |
| Short | Gate TSM_USDT | 443.24 | 0 | get 0.0000% / 8h | 5h 21m | $1.7M | $837K | 100x |
HTX TSM-USDT
Gate 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
- −$1.58
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$28.58
- Spread needed to break even
- 0.270%
Slippage unknown: HTX: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 HTX no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 3 min ago | 2.93 bp | 13.9 bp −$14 | 38.3 bp −$383 | 52.1 bp −$5,212 | doesn't fit |
HTX: 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 International442.69cheapestPhoenix443.09+0.090%Variational Omni443.21+0.117%
Coinbase International
Phoenix
Variational OmniGate443.24+0.124%
edgeX443.25+0.126%Ondo Perps443.27+0.131%KuCoin443.27+0.131%Polymarket Perps443.28+0.133%tradeXYZ443.31+0.140%
Ondo Perps
KuCoin
Polymarket Perps
tradeXYZHTX443.31+0.140%
Bybit443.35+0.149%Vest443.35+0.149%SoDEX443.35+0.149%Bitget443.43+0.167%OKX443.46+0.174%BloFin443.46+0.174%Orderly443.52+0.187%Deribit443.52+0.187%Extended443.54+0.193%SunX443.55+0.194%Binance443.57+0.199%Aevo443.57+0.199%Phemex443.59+0.203%Lighter RH443.65+0.217%Lighter444.03+0.303%Aster444.06+0.309%Injective447.82+1.159%
Bybit
Vest
SoDEX
Bitget
OKX
BloFin
Orderly
Deribit
Extended
SunX
Binance
Aevo
Phemex
Lighter RH
Lighter
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 | −0.140% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
| Phoenix TSM | −0.050% | +0.0199% | 1h | $215K | $5K | 10x | as long as short |
| Variational Omni TSM | −0.023% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| Gate TSM_USDTshort | −0.016% | 0.0000% | 8h | $1.7M | $837K | 100x | |
| edgeX TSMUSDC | −0.014% | −0.0094% | 4h | $48K | $215K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.009% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.009% | +0.0100% | 8h | $272K | $323K | 20x | as long as short |
| Polymarket Perps TSM-USD | −0.007% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| tradeXYZ xyz:TSM | 0.000% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| HTX TSM-USDTlong | 0.000% | 0.0000% | 8h | $9K | $8K | 20x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TSMUSDT | +0.009% | 0.0000% | 8h | $2.0M | $356K | 50x | as long as short |
| Vest TSM-USD-PERP | +0.009% | +0.0046% | 1h | — | — | 25x | as long as short |
| SoDEX TSM-USD | +0.009% | +0.0050% | 1h | $149 | $3K | 10x | as long as short |
| Bitget TSMUSDT | +0.027% | +0.0093% | 8h | $1.7M | $1.4M | 20x | as long as short |
| OKX TSM-USDT-SWAP | +0.034% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| BloFin TSM-USDT | +0.034% | −0.0017% | 8h | $45K | $95K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.047% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.047% | +0.0111% | 1h | $4 | $61K | 10x | as long as short |
| Extended TSM-USD | +0.053% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| SunX TSM-USDT | +0.054% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Binance TSMUSDT | +0.059% | 0.0000% | 8h | $13.1M | $6.3M | 20x | as long as short |
| Aevo TSM-PERP | +0.059% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Phemex TSMUSDT | +0.063% | 0.0000% | 8h | $1.5M | $419K | 10x | as long as short |
| Lighter RH TSM | +0.077% | +0.0032% | 1h | $219K | $729K | 10x | as long as short |
| Lighter TSM | +0.162% | +0.0448% | 1h | $501K | $153K | 10x | as long as short |
| Aster TSMUSDT | +0.169% | 0.0000% | 8h | $82K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.017% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |