Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TSM-USDT | 443.44 | 0 | get 0.0000% / 8h | 5h 11m | $9K | $8K | 20x |
| Short | Polymarket Perps TSM-USD | 443.38 | 0.0050 | get 0.0006% / 1h | 11m 03s | $187K | $82K | 10x |
HTX TSM-USDT
Polymarket Perps TSM-USDPrice 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
- −$1.35
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$19.85
- Spread needed to break even
- 0.200%
Slippage unknown: HTX: no order-book sample; Polymarket Perps: live order book, 23 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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 Polymarket Perps live order book, 23 min ago | 1.81 bp | 5.8 bp −$6 | 6.6 bp −$66 | 9.3 bp −$933 | 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 International442.69cheapestOndo Perps443.37+0.154%
Coinbase International
Ondo PerpsPolymarket Perps443.38+0.156%
Gate443.43+0.167%
GateHTX443.44+0.169%
Vest443.45+0.172%KuCoin443.47+0.176%tradeXYZ443.48+0.178%Bybit443.48+0.178%SoDEX443.51+0.185%edgeX443.60+0.204%OKX443.60+0.206%Bitget443.61+0.208%BloFin443.65+0.217%Phoenix443.67+0.221%Variational Omni443.67+0.221%Extended443.70+0.228%Binance443.71+0.230%Aevo443.72+0.233%SunX443.73+0.235%Orderly443.74+0.237%Deribit443.75+0.239%Phemex443.76+0.242%Lighter RH443.85+0.262%Aster444.12+0.324%Lighter444.24+0.350%Injective447.82+1.159%
Vest
KuCoin
tradeXYZ
Bybit
SoDEX
OKX
Bitget
BloFin
Phoenix
Variational Omni
Extended
Binance
Aevo
SunX
Orderly
Deribit
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 | −0.169% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.016% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Polymarket Perps TSM-USDshort | −0.014% | +0.0050% | 1h | $187K | $82K | 10x | |
| Gate TSM_USDT | −0.002% | 0.0000% | 8h | $1.7M | $839K | 100x | as long as short |
| HTX TSM-USDTlong | 0.000% | 0.0000% | 8h | $9K | $8K | 20x | |
| Vest TSM-USD-PERP | +0.002% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin TSMUSDTM | +0.007% | +0.0100% | 8h | $272K | $327K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.009% | +0.0050% | 1h | $10.3M | $2.3M | 10x | as long as short |
| Bybit TSMUSDT | +0.009% | 0.0000% | 8h | $2.0M | $357K | 50x | as long as short |
| SoDEX TSM-USD | +0.016% | +0.0050% | 1h | $151 | $3K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | +0.035% | −0.0295% | 4h | $48K | $215K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.036% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Bitget TSMUSDT | +0.038% | +0.0085% | 8h | $1.6M | $1.4M | 20x | as long as short |
| BloFin TSM-USDT | +0.047% | +0.0005% | 8h | $45K | $96K | 20x | as long as short |
| Phoenix TSM | +0.052% | +0.0199% | 1h | $216K | $5K | 10x | as long as short |
| Variational Omni TSM | +0.052% | 0.0000% | 8h | $560K | $81K | — | as long as short |
| Extended TSM-USD | +0.059% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | +0.061% | 0.0000% | 8h | $13.1M | $6.3M | 20x | as long as short |
| Aevo TSM-PERP | +0.063% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| SunX TSM-USDT | +0.065% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.068% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.070% | +0.0223% | 1h | $4 | $61K | 10x | as long as short |
| Phemex TSMUSDT | +0.072% | 0.0000% | 8h | $1.5M | $421K | 10x | as long as short |
| Lighter RH TSM | +0.092% | +0.0032% | 1h | $204K | $749K | 10x | as long as short |
| Aster TSMUSDT | +0.154% | 0.0000% | 8h | $82K | $1K | 20x | as long as short |
| Lighter TSM | +0.180% | +0.0416% | 1h | $502K | $153K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.988% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |