Spread before costs (cost unknown: a leg has no order-book sample)−0.838%
7d average—if it closes, per $10,000$84funding 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 | 446.67 | 0.0220 | pay 0.0028% / 1h | 8m 59s | $7K | $38K | 12x |
| Short | Variational Omni TSM | 442.93 | 0 | get 0.0000% / 8h | 6h 08m | $559K | $81K | — |
Injective TSM/USDC PERP
Variational Omni 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
- −$83.78
- Funding while held
- −$6.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$90.4
- Spread needed to break even
- 0.000%
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 31 min ago. 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 Variational Omni RFQ quote, 31 min ago | 2.70 bp | doesn't fit | 24.1 bp −$241 | 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.Coinbase International442.62cheapestGate442.68+0.014%Ondo Perps442.71+0.020%Polymarket Perps442.73+0.025%tradeXYZ442.77+0.034%Bybit442.77+0.034%Vest442.77+0.034%HTX442.79+0.038%KuCoin442.80+0.041%SoDEX442.82+0.045%Phoenix442.88+0.059%BloFin442.90+0.063%OKX442.91+0.066%Bitget442.91+0.066%edgeX442.93+0.069%
Coinbase International
Gate
Ondo Perps
Polymarket Perps
tradeXYZ
Bybit
Vest
HTX
KuCoin
SoDEX
Phoenix
BloFin
OKX
BitgetVariational Omni442.93+0.070%
SunX442.95+0.075%Deribit442.97+0.079%Aevo442.98+0.081%Binance442.98+0.082%Phemex442.99+0.084%Orderly443.00+0.086%Extended443.01+0.088%Lighter RH443.02+0.090%Aster443.41+0.179%Lighter443.47+0.192%
SunX
Deribit
Aevo
Binance
Phemex
Orderly
Extended
Lighter RH
Aster
LighterInjective446.67+0.915%
TSM 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 | −0.907% | −0.0048% | 1h | $357K | $87K | 10x | as long as short |
| Gate TSM_USDT | −0.893% | 0.0000% | 8h | $1.7M | $832K | 100x | as long as short |
| Ondo Perps TSM-USD.P | −0.887% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.882% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.873% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Bybit TSMUSDT | −0.873% | 0.0000% | 8h | $2.0M | $354K | 50x | as long as short |
| Vest TSM-USD-PERP | −0.873% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX TSM-USDT | −0.869% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| KuCoin TSMUSDTM | −0.866% | +0.0100% | 8h | $272K | $302K | 20x | as long as short |
| SoDEX TSM-USD | −0.862% | +0.0050% | 1h | $150 | $3K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix TSM | −0.849% | +0.0181% | 1h | $215K | $5K | 10x | as long as short |
| BloFin TSM-USDT | −0.844% | +0.0009% | 8h | $45K | $93K | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.842% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Bitget TSMUSDT | −0.842% | +0.0107% | 8h | $1.7M | $1.4M | 20x | as long as short |
| edgeX TSMUSDC | −0.838% | −0.0445% | 4h | $48K | $215K | 10x | as long as short |
| Variational Omni TSMshort | −0.838% | 0.0000% | 8h | $559K | $81K | — | |
| SunX TSM-USDT | −0.833% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.828% | +0.0066% | 1h | $97 | $61K | 10x | as long as short |
| Aevo TSM-PERP | −0.827% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Binance TSMUSDT | −0.826% | 0.0000% | 8h | $13.1M | $6.1M | 20x | as long as short |
| Phemex TSMUSDT | −0.824% | 0.0000% | 8h | $1.5M | $408K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.822% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Extended TSM-USD | −0.820% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Lighter RH TSM | −0.817% | +0.0032% | 1h | $205K | $902K | 10x | as long as short |
| Aster TSMUSDT | −0.730% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | −0.716% | +0.0392% | 1h | $501K | $152K | 10x | as long as short |
| Injective TSM/USDC PERPlong | 0.000% | +0.0220% | 1h | $7K | $38K | 12x |