Spread before costs (cost unknown: a leg has no order-book sample)−1.118%
7d average—if it closes, per $10,000$112funding while held, a day−$5.64
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TSM/USDC PERP | 447.33 | 0.0220 | pay 0.0028% / 1h | 42m 55s | $7K | $38K | 12x |
| Short | Lighter RH TSM | 442.33 | 0.0032 | get 0.0004% / 1h | 42m 55s | $201K | $892K | 10x |
Injective TSM/USDC PERP
Lighter RH TSMPrice 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
- −$111.77
- Funding while held
- −$5.64
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$117.43
- Spread needed to break even
- 0.000%
Slippage unknown: Injective: no order-book sample; Lighter RH: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0188%
- Per $10,000 a day
- −$5.64
- 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 Lighter RH live order book, 6 min ago | 2.26 bp | 2.3 bp −$2 | 6.3 bp −$63 | doesn't fit | doesn't fit |
Injective: 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.tradeXYZ441.94cheapestKuCoin441.96+0.005%Bybit442.02+0.018%Gate442.06+0.027%Coinbase International442.09+0.034%Vest442.13+0.043%OKX442.16+0.050%Bitget442.19+0.057%SoDEX442.20+0.059%Binance442.21+0.061%Extended442.24+0.067%Polymarket Perps442.29+0.079%Phoenix442.30+0.081%
tradeXYZ
KuCoin
Bybit
Gate
Coinbase International
Vest
OKX
Bitget
SoDEX
Binance
Extended
Polymarket Perps
PhoenixLighter RH442.33+0.088%
Phemex442.36+0.095%Ondo Perps442.40+0.104%Aevo442.48+0.122%Orderly442.49+0.124%Deribit442.49+0.124%SunX442.50+0.127%BloFin442.56+0.140%HTX442.63+0.156%edgeX442.67+0.165%Variational Omni442.69+0.169%Aster442.73+0.178%Lighter443.00+0.240%
Phemex
Ondo Perps
Aevo
Orderly
Deribit
SunX
BloFin
HTX
Variational Omni
Aster
LighterInjective447.33+1.220%
TSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:TSM | −1.205% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| KuCoin TSMUSDTM | −1.200% | +0.0100% | 8h | $271K | $300K | 20x | as long as short |
| Bybit TSMUSDT | −1.187% | 0.0000% | 8h | $2.0M | $349K | 50x | as long as short |
| Gate TSM_USDT | −1.178% | 0.0000% | 8h | $1.7M | $805K | 100x | as long as short |
| Coinbase International TSM-PERP-INTX | −1.171% | −0.0048% | 1h | $357K | $84K | 10x | as long as short |
| Vest TSM-USD-PERP | −1.162% | +0.0046% | 1h | — | — | 25x | as long as short |
| OKX TSM-USDT-SWAP | −1.156% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Bitget TSMUSDT | −1.149% | +0.0103% | 8h | $1.6M | $1.4M | 20x | as long as short |
| SoDEX TSM-USD | −1.147% | +0.0050% | 1h | $148 | $3K | 10x | as long as short |
| Binance TSMUSDT | −1.145% | 0.0000% | 8h | $13.0M | $6.0M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended TSM-USD | −1.138% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Polymarket Perps TSM-USD | −1.127% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Phoenix TSM | −1.124% | +0.0181% | 1h | $215K | $5K | 10x | as long as short |
| Lighter RH TSMshort | −1.118% | +0.0032% | 1h | $201K | $892K | 10x | |
| Phemex TSMUSDT | −1.111% | 0.0000% | 8h | $1.5M | $399K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −1.102% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Aevo TSM-PERP | −1.084% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −1.082% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −1.082% | +0.0496% | 1h | $97 | $61K | 10x | as long as short |
| SunX TSM-USDT | −1.080% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| BloFin TSM-USDT | −1.066% | −0.0011% | 8h | $45K | $90K | 20x | as long as short |
| HTX TSM-USDT | −1.051% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| edgeX TSMUSDC | −1.042% | +0.0966% | 4h | $48K | $216K | 10x | as long as short |
| Variational Omni TSM | −1.038% | 0.0000% | 8h | $558K | $81K | — | as long as short |
| Aster TSMUSDT | −1.029% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | −0.968% | +0.0400% | 1h | $500K | $148K | 10x | as long as short |
| Injective TSM/USDC PERPlong | 0.000% | +0.0220% | 1h | $7K | $38K | 12x |