After costs, if the gap returns to its 7d average, $10k−$145
spread now+0.077%7d average+0.105%fees + slippage, in and out−$142spread needed1.422%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TSMUSDTM | 443.80 | 0.0100 | pay 0.0100% / 8h | 5h 02m | $272K | $324K | 20x |
| Short | Lighter RH TSM | 444.14 | 0.0032 | get 0.0004% / 1h | 2m 45s | $204K | $749K | 10x |
KuCoin TSMUSDTM
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
- $7.66
- Funding while held
- −$2.04
- Slippage, 4 orders
- −$130.23
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$136.61
- Spread needed to break even
- 1.422%
Slippage from KuCoin: live order book, 26 min ago; Lighter RH: live order book, 41 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0068%
- Per $10,000 a day
- −$2.04
- 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, 26 min ago | 3.16 bp | 91.3 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 41 min ago | 2.26 bp | 2.3 bp −$2 | 7.2 bp −$72 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.69cheapestPhoenix443.63+0.212%Ondo Perps443.69+0.226%SoDEX443.69+0.226%HTX443.69+0.226%Variational Omni443.72+0.233%Bybit443.75+0.239%tradeXYZ443.76+0.242%Polymarket Perps443.78+0.246%
Coinbase International
Phoenix
Ondo Perps
SoDEX
HTX
Variational Omni
Bybit
tradeXYZ
Polymarket PerpsKuCoin443.80+0.251%
Vest443.85+0.262%Gate443.86+0.264%edgeX443.88+0.268%OKX443.90+0.273%Bitget443.95+0.285%Binance443.96+0.287%Extended443.97+0.289%Deribit444.01+0.298%Orderly444.02+0.300%SunX444.03+0.303%Aevo444.05+0.308%BloFin444.08+0.314%Phemex444.09+0.316%
Vest
Gate
OKX
Bitget
Binance
Extended
Deribit
Orderly
SunX
Aevo
BloFin
PhemexLighter RH444.14+0.328%
Aster444.45+0.398%Lighter444.53+0.416%Injective447.82+1.159%
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 | −0.250% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
| Phoenix TSM | −0.038% | +0.0199% | 1h | $216K | $5K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.025% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| SoDEX TSM-USD | −0.025% | +0.0050% | 1h | $151 | $3K | 10x | as long as short |
| HTX TSM-USDT | −0.025% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Variational Omni TSM | −0.018% | 0.0000% | 8h | $560K | $81K | — | as long as short |
| Bybit TSMUSDT | −0.011% | 0.0000% | 8h | $2.0M | $359K | 50x | as long as short |
| tradeXYZ xyz:TSM | −0.009% | +0.0050% | 1h | $10.3M | $2.3M | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.005% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| KuCoin TSMUSDTMlong | 0.000% | +0.0100% | 8h | $272K | $324K | 20x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest TSM-USD-PERP | +0.011% | +0.0046% | 1h | — | — | 25x | as long as short |
| Gate TSM_USDT | +0.014% | 0.0000% | 8h | $1.7M | $841K | 100x | as long as short |
| edgeX TSMUSDC | +0.017% | −0.0190% | 4h | $48K | $216K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.023% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Bitget TSMUSDT | +0.034% | +0.0079% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Binance TSMUSDT | +0.036% | 0.0000% | 8h | $13.1M | $6.3M | 20x | as long as short |
| Extended TSM-USD | +0.038% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.047% | +0.0156% | 1h | $4 | $61K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.050% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | +0.052% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Aevo TSM-PERP | +0.057% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.063% | +0.0006% | 8h | $45K | $96K | 20x | as long as short |
| Phemex TSMUSDT | +0.065% | 0.0000% | 8h | $1.5M | $423K | 10x | as long as short |
| Lighter RH TSMshort | +0.077% | +0.0032% | 1h | $204K | $749K | 10x | |
| Aster TSMUSDT | +0.147% | 0.0000% | 8h | $82K | $1K | 20x | as long as short |
| Lighter TSM | +0.164% | +0.0400% | 1h | $502K | $153K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.906% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |