After costs, if the gap returns to its 7d average, $10k−$13
spread now+0.054%7d average−0.035%fees + slippage, in and out−$22spread needed0.220%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 441.28 | 0.0032 | pay 0.0004% / 1h | 30m 34s | $231K | $1.1M | 10x |
| Short | Binance TSMUSDT | 441.52 | 0 | get 0.0000% / 8h | 30m 34s | $13.0M | $5.4M | 20x |
Lighter RH TSM
Binance 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
- $5.44
- Funding while held
- −$0.96
- Slippage, 4 orders
- −$12.02
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.54
- Spread needed to break even
- 0.220%
Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0032%
- Per $10,000 a day
- −$0.96
- 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 RH live order book, 3 min ago | 0.91 bp | 1.5 bp −$1 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.91 bp | 9.0 bp −$9 | 24.0 bp −$240 | 86.1 bp −$8,610 | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps440.99cheapesttradeXYZ441.02+0.007%Coinbase International441.07+0.018%Vest441.10+0.025%KuCoin441.11+0.027%Gate441.12+0.029%Polymarket Perps441.13+0.032%HTX441.14+0.034%SoDEX441.19+0.045%
Ondo Perps
tradeXYZ
Coinbase International
Vest
KuCoin
Gate
Polymarket Perps
HTX
SoDEXLighter RH441.28+0.066%
Bybit441.31+0.073%Extended441.33+0.077%Lighter441.38+0.088%OKX441.39+0.091%Bitget441.39+0.091%Variational Omni441.42+0.098%Aevo441.43+0.100%Deribit441.43+0.100%Orderly441.44+0.102%SunX441.49+0.113%Phoenix441.50+0.116%edgeX441.51+0.117%
Bybit
Extended
Lighter
OKX
Bitget
Variational Omni
Aevo
Deribit
Orderly
SunX
PhoenixBinance441.52+0.120%
BloFin441.59+0.136%Phemex441.63+0.145%Aster441.84+0.192%Injective446.02+1.141%
BloFin
Phemex
Aster
InjectiveTSM 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 | −0.066% | +0.0050% | 1h | $156K | $14K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.059% | +0.0050% | 1h | $10.3M | $2.0M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.048% | −0.0032% | 1h | $355K | $79K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.041% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin TSMUSDTM | −0.039% | +0.0100% | 8h | $271K | $313K | 20x | as long as short |
| Gate TSM_USDT | −0.036% | 0.0000% | 8h | $1.7M | $742K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.034% | +0.0050% | 1h | $179K | $51K | 10x | as long as short |
| HTX TSM-USDT | −0.032% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| SoDEX TSM-USD | −0.020% | +0.0050% | 1h | $147 | $3K | 10x | as long as short |
| Lighter RH TSMlong | 0.000% | +0.0032% | 1h | $231K | $1.1M | 10x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TSMUSDT | +0.007% | 0.0000% | 8h | $2.0M | $312K | 50x | as long as short |
| Extended TSM-USD | +0.011% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Lighter TSM | +0.023% | +0.0032% | 1h | $498K | $101K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.025% | 0.0000% | 8h | $3.8M | $2.3M | 20x | as long as short |
| Bitget TSMUSDT | +0.025% | +0.0114% | 8h | $1.7M | $961K | 20x | as long as short |
| Variational Omni TSM | +0.032% | 0.0000% | 8h | $556K | $102K | — | as long as short |
| Aevo TSM-PERP | +0.034% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.034% | +0.0226% | 1h | $4 | $60K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.036% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | +0.048% | 0.0000% | 8h | $2K | $5.1M | 10x | as long as short |
| Phoenix TSM | +0.050% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| edgeX TSMUSDC | +0.052% | +0.0637% | 4h | $47K | $216K | 10x | as long as short |
| Binance TSMUSDTshort | +0.054% | 0.0000% | 8h | $13.0M | $5.4M | 20x | |
| BloFin TSM-USDT | +0.070% | +0.0017% | 8h | $46K | $85K | 20x | as long as short |
| Phemex TSMUSDT | +0.079% | 0.0000% | 8h | $1.5M | $360K | 10x | as long as short |
| Aster TSMUSDT | +0.126% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.074% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |