After costs, if the gap returns to its 7d average, $10k−$46
spread now−0.122%7d average−0.302%fees + slippage, in and out−$64spread needed0.641%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TSM | 441.61 | 0.0032 | pay 0.0004% / 1h | 34m 10s | $499K | $101K | 10x |
| Short | Coinbase International TSM-PERP-INTX | 441.07 | −0.0032 | pay 0.0004% / 1h | 34m 10s | $355K | $79K | 10x |
Lighter TSM
Coinbase International TSM-PERP-INTXPrice 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
- −$12.23
- Funding while held
- −$1.92
- Slippage, 4 orders
- −$54.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$78.24
- Spread needed to break even
- 0.641%
Slippage from Lighter: live order book, 12 min ago; Coinbase International: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0064%
- Per $10,000 a day
- −$1.92
- 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, 12 min ago | 22.31 bp | 22.3 bp −$22 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 15 min ago | 4.42 bp | 9.4 bp −$9 | 12.5 bp −$125 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International441.07cheapest
Vest441.25+0.041%Ondo Perps441.27+0.045%Polymarket Perps441.29+0.050%tradeXYZ441.31+0.054%SoDEX441.33+0.059%KuCoin441.34+0.061%Gate441.39+0.073%HTX441.40+0.075%Bybit441.42+0.079%edgeX441.46+0.088%Phoenix441.50+0.097%Variational Omni441.51+0.099%OKX441.53+0.104%Deribit441.54+0.107%Lighter RH441.55+0.109%Aevo441.59+0.118%Bitget441.59+0.118%Orderly441.60+0.120%Extended441.61+0.122%
Vest
Ondo Perps
Polymarket Perps
tradeXYZ
SoDEX
KuCoin
Gate
HTX
Bybit
Phoenix
Variational Omni
OKX
Deribit
Lighter RH
Aevo
Bitget
Orderly
ExtendedLighter441.61+0.122%
SunX441.62+0.125%BloFin441.63+0.127%Phemex441.66+0.134%Binance441.68+0.138%Aster442.08+0.229%Injective446.02+1.122%
SunX
BloFin
Phemex
Binance
Aster
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-INTXshort | −0.122% | −0.0032% | 1h | $355K | $79K | 10x | |
| Vest TSM-USD-PERP | −0.082% | +0.0046% | 1h | — | — | 25x | as long as short |
| Ondo Perps TSM-USD.P | −0.077% | +0.0050% | 1h | $156K | $14K | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.072% | +0.0050% | 1h | $179K | $51K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.068% | +0.0050% | 1h | $10.3M | $2.0M | 10x | as long as short |
| SoDEX TSM-USD | −0.063% | +0.0050% | 1h | $147 | $3K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.061% | +0.0100% | 8h | $271K | $314K | 20x | as long as short |
| Gate TSM_USDT | −0.050% | 0.0000% | 8h | $1.7M | $741K | 100x | as long as short |
| HTX TSM-USDT | −0.048% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| Bybit TSMUSDT | −0.043% | 0.0000% | 8h | $2.0M | $311K | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | −0.034% | −0.0767% | 4h | $47K | $215K | 10x | as long as short |
| Phoenix TSM | −0.025% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| Variational Omni TSM | −0.023% | 0.0000% | 8h | $556K | $102K | — | as long as short |
| OKX TSM-USDT-SWAP | −0.018% | 0.0000% | 8h | $3.8M | $2.3M | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.016% | +0.0112% | 1h | $4 | $60K | 10x | as long as short |
| Lighter RH TSM | −0.014% | +0.0032% | 1h | $231K | $1.1M | 10x | as long as short |
| Aevo TSM-PERP | −0.005% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Bitget TSMUSDT | −0.005% | +0.0114% | 8h | $1.7M | $961K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.002% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Extended TSM-USD | 0.000% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Lighter TSMlong | 0.000% | +0.0032% | 1h | $499K | $101K | 10x | |
| SunX TSM-USDT | +0.002% | 0.0000% | 8h | $1K | $5.1M | 10x | as long as short |
| BloFin TSM-USDT | +0.005% | +0.0032% | 8h | $46K | $85K | 20x | as long as short |
| Phemex TSMUSDT | +0.011% | 0.0000% | 8h | $1.5M | $360K | 10x | as long as short |
| Binance TSMUSDT | +0.015% | +0.0002% | 8h | $13.0M | $5.3M | 20x | as long as short |
| Aster TSMUSDT | +0.107% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +0.999% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |