Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$0.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH TSM | 442.56 | 0.0032 | pay 0.0004% / 1h | 9m 57s | $200K | $982K | 10x |
| Short | HTX TSM-USDT | 442.50 | 0 | get 0.0000% / 8h | 7h 09m | $9K | $7K | 20x |
Lighter RH TSM
HTX TSM-USDTPrice 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
- −$1.36
- Funding while held
- −$0.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$14.32
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter RH: live order book, 44 min ago; HTX: no order-book sample. Net counts fees only.
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, 44 min ago | 2.04 bp | 2.6 bp −$3 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TSM price on every exchange
against the cheapest. Click to use as the short leg.KuCoin442.24cheapestBybit442.28+0.009%tradeXYZ442.30+0.014%Ondo Perps442.31+0.016%SoDEX442.34+0.023%Vest442.36+0.027%Bitget442.37+0.029%Gate442.39+0.034%Polymarket Perps442.44+0.045%OKX442.45+0.047%
KuCoin
Bybit
tradeXYZ
Ondo Perps
SoDEX
Vest
Bitget
Gate
Polymarket Perps
OKXHTX442.50+0.059%
Binance442.53+0.066%
BinanceLighter RH442.56+0.072%
Extended442.57+0.075%Coinbase International442.58+0.077%Orderly442.61+0.084%SunX442.63+0.088%Phoenix442.64+0.090%BloFin442.64+0.090%Aevo442.69+0.101%Deribit442.69+0.102%Phemex442.79+0.124%Variational Omni442.79+0.125%edgeX442.80+0.127%Lighter443.01+0.174%Aster443.05+0.183%Injective447.28+1.140%
Extended
Coinbase International
Orderly
SunX
Phoenix
BloFin
Aevo
Deribit
Phemex
Variational Omni
Lighter
Aster
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin TSMUSDTM | −0.072% | +0.0100% | 8h | $271K | $302K | 20x | as long as short |
| Bybit TSMUSDT | −0.063% | 0.0000% | 8h | $2.0M | $345K | 50x | as long as short |
| tradeXYZ xyz:TSM | −0.059% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.056% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| SoDEX TSM-USD | −0.050% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.045% | +0.0046% | 1h | — | — | 25x | as long as short |
| Bitget TSMUSDT | −0.043% | +0.0118% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Gate TSM_USDT | −0.038% | 0.0000% | 8h | $1.7M | $807K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.027% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.025% | 0.0000% | 8h | $3.9M | $2.7M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX TSM-USDTshort | −0.014% | 0.0000% | 8h | $9K | $7K | 20x | |
| Binance TSMUSDT | −0.007% | 0.0000% | 8h | $13.1M | $5.9M | 20x | as long as short |
| Lighter RH TSMlong | 0.000% | +0.0032% | 1h | $200K | $982K | 10x | |
| Extended TSM-USD | +0.002% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.005% | −0.0024% | 1h | $357K | $84K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.011% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | +0.016% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Phoenix TSM | +0.018% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| BloFin TSM-USDT | +0.018% | −0.0006% | 8h | $45K | $89K | 20x | as long as short |
| Aevo TSM-PERP | +0.028% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.029% | +0.0451% | 1h | $4 | $61K | 10x | as long as short |
| Phemex TSMUSDT | +0.052% | 0.0000% | 8h | $1.5M | $392K | 10x | as long as short |
| Variational Omni TSM | +0.052% | 0.0000% | 8h | $558K | $81K | — | as long as short |
| edgeX TSMUSDC | +0.055% | +0.0047% | 4h | $48K | $214K | 10x | as long as short |
| Lighter TSM | +0.102% | +0.0032% | 1h | $500K | $127K | 10x | as long as short |
| Aster TSMUSDT | +0.111% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.067% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |