Spread before costs (cost unknown: a leg has no order-book sample)−0.686%
7d average—if it closes, per $10,000$69funding while held, a day−$6.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TSM/USDC PERP | 445.22 | 0.0220 | pay 0.0028% / 1h | 51m 57s | $6K | $38K | 12x |
| Short | Aster TSMUSDT | 442.17 | 0 | get 0.0000% / 8h | 7h 51m | $81K | $1K | 20x |
Injective TSM/USDC PERP
Aster TSMUSDTPrice 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
- −$68.57
- Funding while held
- −$6.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$83.19
- Spread needed to break even
- 0.080%
Slippage unknown: Injective: no order-book sample; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0220%
- Per $10,000 a day
- −$6.60
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Injective and Aster: 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.Phoenix440.57cheapestVariational Omni440.62+0.012%edgeX440.74+0.040%Coinbase International440.87+0.068%KuCoin441.25+0.154%Polymarket Perps441.25+0.154%tradeXYZ441.27+0.159%Vest441.30+0.166%Bybit441.31+0.168%HTX441.31+0.168%Ondo Perps441.36+0.179%Gate441.36+0.179%SoDEX441.40+0.188%Bitget441.44+0.197%Binance441.53+0.218%Extended441.54+0.220%Lighter RH441.59+0.232%OKX441.63+0.241%SunX441.67+0.250%Aevo441.68+0.253%Lighter441.76+0.270%Orderly441.78+0.275%Deribit441.80+0.279%BloFin441.80+0.279%Phemex441.89+0.300%
Phoenix
Variational Omni
Coinbase International
KuCoin
Polymarket Perps
tradeXYZ
Vest
Bybit
HTX
Ondo Perps
Gate
SoDEX
Bitget
Binance
Extended
Lighter RH
OKX
SunX
Aevo
Lighter
Orderly
Deribit
BloFin
PhemexAster442.17+0.363%
Injective445.22+1.055%
TSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix TSM | −1.044% | +0.0200% | 1h | $214K | $5K | 10x | as long as short |
| Variational Omni TSM | −1.033% | 0.0000% | 8h | $556K | $103K | — | as long as short |
| edgeX TSMUSDC | −1.005% | +0.0268% | 4h | $48K | $214K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.977% | −0.0024% | 1h | $357K | $82K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.892% | +0.0100% | 8h | $271K | $307K | 20x | as long as short |
| Polymarket Perps TSM-USD | −0.892% | +0.0050% | 1h | $179K | $72K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.887% | +0.0050% | 1h | $10.3M | $2.1M | 10x | as long as short |
| Vest TSM-USD-PERP | −0.880% | +0.0046% | 1h | — | — | 25x | as long as short |
| Bybit TSMUSDT | −0.878% | 0.0000% | 8h | $2.0M | $329K | 50x | as long as short |
| HTX TSM-USDT | −0.878% | 0.0000% | 8h | $9K | $7K | 20x | 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 | −0.867% | +0.0050% | 1h | $155K | $16K | 10x | as long as short |
| Gate TSM_USDT | −0.867% | 0.0000% | 8h | $1.7M | $758K | 100x | as long as short |
| SoDEX TSM-USD | −0.858% | +0.0050% | 1h | $147 | $3K | 10x | as long as short |
| Bitget TSMUSDT | −0.849% | +0.0134% | 8h | $1.7M | $1.3M | 20x | as long as short |
| Binance TSMUSDT | −0.829% | +0.0006% | 8h | $13.0M | $5.7M | 20x | as long as short |
| Extended TSM-USD | −0.827% | +0.0008% | 1h | $2K | $167K | 10x | as long as short |
| Lighter RH TSM | −0.815% | +0.0032% | 1h | $225K | $943K | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.806% | 0.0000% | 8h | $3.8M | $2.4M | 20x | as long as short |
| SunX TSM-USDT | −0.797% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Aevo TSM-PERP | −0.794% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Lighter TSM | −0.777% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.773% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.768% | +0.0429% | 1h | $4 | $61K | 10x | as long as short |
| BloFin TSM-USDT | −0.768% | −0.0017% | 8h | $45K | $87K | 20x | as long as short |
| Phemex TSMUSDT | −0.748% | 0.0000% | 8h | $1.5M | $377K | 10x | as long as short |
| Aster TSMUSDTshort | −0.686% | 0.0000% | 8h | $81K | $1K | 20x | |
| Injective TSM/USDC PERPlong | 0.000% | +0.0220% | 1h | $6K | $38K | 12x |