After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.029%7d average−0.062%fees + slippage, in and out−$28spread needed0.279%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 442.46 | 0.0032 | pay 0.0004% / 1h | 44m 30s | $200K | $891K | 10x |
| Short | Bybit TSMUSDT | 442.33 | 0 | get 0.0000% / 8h | 6h 44m | $2.0M | $349K | 50x |
Lighter RH TSM
Bybit 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
- −$2.94
- Funding while held
- −$0.96
- Slippage, 4 orders
- −$16.9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.8
- Spread needed to break even
- 0.279%
Slippage from Lighter RH: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 2.26 bp | 3.0 bp −$3 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.47 bp | 12.2 bp −$12 | 30.6 bp −$306 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.09cheapestSoDEX442.18+0.020%tradeXYZ442.20+0.025%Vest442.20+0.025%KuCoin442.24+0.034%Gate442.32+0.052%Polymarket Perps442.32+0.052%
Coinbase International
SoDEX
tradeXYZ
Vest
KuCoin
Gate
Polymarket PerpsBybit442.33+0.054%
Ondo Perps442.40+0.070%
Ondo PerpsLighter RH442.46+0.084%
OKX442.48+0.088%Bitget442.49+0.090%Extended442.54+0.103%Binance442.55+0.104%Deribit442.55+0.104%Orderly442.56+0.106%BloFin442.59+0.113%Aevo442.61+0.117%HTX442.63+0.122%Phoenix442.64+0.124%SunX442.64+0.124%Phemex442.68+0.133%Variational Omni442.69+0.135%edgeX442.94+0.192%Aster442.96+0.196%Lighter443.00+0.206%Injective447.33+1.185%
OKX
Bitget
Extended
Binance
Deribit
Orderly
BloFin
Aevo
HTX
Phoenix
SunX
Phemex
Variational Omni
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 | −0.084% | −0.0048% | 1h | $357K | $84K | 10x | as long as short |
| SoDEX TSM-USD | −0.063% | +0.0050% | 1h | $148 | $3K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.059% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Vest TSM-USD-PERP | −0.059% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin TSMUSDTM | −0.050% | +0.0100% | 8h | $271K | $300K | 20x | as long as short |
| Gate TSM_USDT | −0.032% | 0.0000% | 8h | $1.7M | $804K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.032% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Bybit TSMUSDTshort | −0.029% | 0.0000% | 8h | $2.0M | $349K | 50x | |
| Ondo Perps TSM-USD.P | −0.014% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Lighter RH TSMlong | 0.000% | +0.0032% | 1h | $200K | $891K | 10x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX TSM-USDT-SWAP | +0.005% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Bitget TSMUSDT | +0.007% | +0.0102% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Extended TSM-USD | +0.019% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | +0.020% | 0.0000% | 8h | $13.1M | $6.0M | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.020% | +0.0496% | 1h | $97 | $61K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.023% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.029% | −0.0009% | 8h | $45K | $90K | 20x | as long as short |
| Aevo TSM-PERP | +0.033% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| HTX TSM-USDT | +0.038% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Phoenix TSM | +0.041% | +0.0181% | 1h | $215K | $5K | 10x | as long as short |
| SunX TSM-USDT | +0.041% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Phemex TSMUSDT | +0.050% | 0.0000% | 8h | $1.5M | $399K | 10x | as long as short |
| Variational Omni TSM | +0.051% | 0.0000% | 8h | $558K | $81K | — | as long as short |
| edgeX TSMUSDC | +0.108% | +0.0410% | 4h | $48K | $216K | 10x | as long as short |
| Aster TSMUSDT | +0.112% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.122% | +0.0408% | 1h | $500K | $148K | 10x | as long as short |
| Injective TSM/USDC PERP | +1.101% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |