TSM

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.164%

7d average—if it closes, per $10,000$16funding while held, a day−$3.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TSMUSDTM	441.45	0.0100	pay 0.0100% / 8h	29m 47s	$271K	$312K	20x
Short	Aster TSMUSDT	442.18	0	get 0.0000% / 8h	29m 47s	$81K	$1K	20x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee KuCoinbpFee AsterbpOrdersClose when spread is

Spread captured: $16.43
Funding while held: −$3
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.57
Spread needed to break even: 0.200%

Slippage unknown: KuCoin: live order book, 29 min ago; Aster: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0100%
Per $10,000 a day: −$3.00
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 KuCoin live order book, 29 min ago	11.13 bp	118.6 bp −$119	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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 on 27 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps TSM-USD.P	−0.104%	+0.0050%	1h	$156K	$14K	10x	as long as short
Coinbase International TSM-PERP-INTX	−0.086%	−0.0032%	1h	$355K	$79K	10x	as long as short
HTX TSM-USDT	−0.072%	0.0000%	8h	$9K	$6K	20x	as long as short
Vest TSM-USD-PERP	−0.068%	+0.0046%	1h	—	—	25x	as long as short
Polymarket Perps TSM-USD	−0.057%	+0.0050%	1h	$179K	$51K	10x	as long as short
SoDEX TSM-USD	−0.034%	+0.0050%	1h	$147	$3K	10x	as long as short
tradeXYZ xyz:TSM	−0.016%	+0.0050%	1h	$10.3M	$2.0M	10x	as long as short
Gate TSM_USDT	−0.011%	0.0000%	8h	$1.7M	$742K	100x	as long as short
Variational Omni TSM	−0.006%	0.0000%	8h	$556K	$102K	—	as long as short
KuCoin TSMUSDTMlong	0.000%	+0.0100%	8h	$271K	$312K	20x

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo TSM-PERP	+0.003%	+0.0104%	1h	$124	—	10x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.005%	+0.0100%	8h	$21	—	10x	as long as short
Bybit TSMUSDT	+0.011%	0.0000%	8h	$2.0M	$312K	50x	as long as short
OKX TSM-USDT-SWAP	+0.011%	0.0000%	8h	$3.8M	$2.3M	20x	as long as short
Phoenix TSM	+0.011%	+0.0200%	1h	$215K	$5K	10x	as long as short
edgeX TSMUSDC	+0.013%	+0.0637%	4h	$47K	$216K	10x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.018%	+0.0158%	1h	$97	$60K	10x	as long as short
Lighter TSM	+0.020%	+0.0032%	1h	$499K	$101K	10x	as long as short
SunX TSM-USDT	+0.032%	0.0000%	8h	$1K	$5.1M	10x	as long as short
BloFin TSM-USDT	+0.032%	+0.0017%	8h	$46K	$85K	20x	as long as short
Lighter RH TSM	+0.034%	+0.0032%	1h	$231K	$1.1M	10x	as long as short
Extended TSM-USD	+0.040%	0.0000%	1h	$2K	$167K	10x	as long as short
Bitget TSMUSDT	+0.048%	+0.0114%	8h	$1.7M	$961K	20x	as long as short
Binance TSMUSDT	+0.057%	0.0000%	8h	$13.0M	$5.4M	20x	as long as short
Phemex TSMUSDT	+0.057%	0.0000%	8h	$1.5M	$361K	10x	as long as short
Aster TSMUSDTshort	+0.164%	0.0000%	8h	$81K	$1K	20x
Injective TSM/USDC PERP	+1.035%	+0.0220%	1h	$7K	$38K	12x	as long as short

TSM