After costs, if the gap returns to its 7d average, $10k−$57
spread now+0.041%7d average−0.059%fees + slippage, in and out−$67spread needed0.669%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 440.99 | 0.0032 | pay 0.0004% / 1h | 30m 45s | $498K | $101K | 10x |
| Short | Bitget TSMUSDT | 441.17 | 0.0084 | get 0.0084% / 8h | 1h 30m | $1.8M | $938K | 20x |
Lighter TSM
Bitget 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
- $4.08
- Funding while held
- $1.56
- Slippage, 4 orders
- −$54.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.3
- Spread needed to break even
- 0.669%
Slippage from Lighter: live order book, 20 min ago; Bitget: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0052%
- Per $10,000 a day
- +$1.56
- 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 Lighter live order book, 20 min ago | 19.96 bp | 20.0 bp −$20 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.50 bp | 11.7 bp −$12 | 24.3 bp −$243 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International437.82cheapestPhoenix438.28+0.105%HTX439.58+0.402%edgeX439.62+0.412%Ondo Perps440.19+0.541%Vest440.48+0.608%tradeXYZ440.76+0.672%Polymarket Perps440.77+0.674%SoDEX440.80+0.681%Gate440.87+0.697%Bybit440.92+0.708%KuCoin440.92+0.708%Aster440.95+0.715%Aevo440.97+0.719%Lighter RH440.97+0.719%
Coinbase International
Phoenix
HTX
Ondo Perps
Vest
tradeXYZ
Polymarket Perps
SoDEX
Gate
Bybit
KuCoin
Aster
Aevo
Lighter RHLighter440.99+0.724%
OKX440.99+0.724%Variational Omni441.00+0.727%Orderly441.01+0.729%Deribit441.04+0.735%Extended441.08+0.744%Binance441.16+0.763%
OKX
Variational Omni
Orderly
Deribit
Extended
BinanceBitget441.17+0.765%
SunX441.19+0.770%BloFin441.19+0.770%Phemex441.22+0.777%Injective442.93+1.167%
SunX
BloFin
Phemex
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 | −0.719% | −0.0032% | 1h | $352K | $78K | 10x | as long as short |
| Phoenix TSM | −0.615% | +0.0182% | 1h | $213K | $5K | 10x | as long as short |
| HTX TSM-USDT | −0.320% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| edgeX TSMUSDC | −0.310% | +0.0457% | 4h | $47K | $215K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.181% | +0.0050% | 1h | $155K | $14K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.116% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | −0.052% | +0.0050% | 1h | $10.4M | $1.9M | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.050% | +0.0050% | 1h | $179K | $51K | 10x | as long as short |
| SoDEX TSM-USD | −0.043% | +0.0050% | 1h | $145 | $3K | 10x | as long as short |
| Gate TSM_USDT | −0.027% | 0.0000% | 8h | $1.8M | $677K | 100x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TSMUSDT | −0.016% | 0.0000% | 8h | $2.0M | $303K | 50x | as long as short |
| KuCoin TSMUSDTM | −0.016% | +0.0100% | 8h | $272K | $322K | 20x | as long as short |
| Aster TSMUSDT | −0.009% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Aevo TSM-PERP | −0.005% | +0.0104% | 1h | $123 | — | 10x | as long as short |
| Lighter RH TSM | −0.005% | +0.0032% | 1h | $234K | $1.1M | 10x | as long as short |
| Lighter TSMlong | 0.000% | +0.0032% | 1h | $498K | $101K | 10x | |
| OKX TSM-USDT-SWAP | 0.000% | 0.0000% | 8h | $3.8M | $2.1M | 20x | as long as short |
| Variational Omni TSM | +0.003% | 0.0000% | 8h | $555K | $102K | — | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.005% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.011% | +0.0158% | 1h | $4 | $59K | 10x | as long as short |
| Extended TSM-USD | +0.020% | 0.0000% | 1h | $4K | $166K | 10x | as long as short |
| Binance TSMUSDT | +0.039% | 0.0000% | 8h | $13.0M | $4.9M | 20x | as long as short |
| Bitget TSMUSDTshort | +0.041% | +0.0084% | 8h | $1.8M | $938K | 20x | |
| SunX TSM-USDT | +0.045% | 0.0000% | 8h | $2K | $4.5M | 10x | as long as short |
| BloFin TSM-USDT | +0.045% | +0.0020% | 8h | $46K | $79K | 20x | as long as short |
| Phemex TSMUSDT | +0.052% | 0.0000% | 8h | $1.5M | $325K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.440% | +0.0220% | 1h | $6K | $38K | 12x | as long as short |