Spread before costs (cost unknown: a leg has no order-book sample)+0.112%
7d average—if it closes, per $10,000$11funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 442.78 | 0 | get 0.0000% / 8h | 5h 52m | $1.5M | $412K | 10x |
| Short | Aster TSMUSDT | 443.28 | 0 | get 0.0000% / 8h | 5h 52m | $81K | $1K | 20x |
Phemex TSMUSDT
Aster 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
- $11.24
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$8.76
- Spread needed to break even
- 0.200%
Slippage unknown: Phemex: live order book, 2 min ago; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Phemex live order book, 2 min ago | 1.92 bp | 30.9 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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.Ondo Perps442.41cheapesttradeXYZ442.50+0.020%Gate442.50+0.020%SoDEX442.53+0.027%Bybit442.59+0.041%Vest442.59+0.041%Polymarket Perps442.60+0.043%KuCoin442.61+0.045%Bitget442.66+0.057%Coinbase International442.69+0.063%OKX442.72+0.070%Extended442.76+0.080%Binance442.77+0.081%Orderly442.78+0.084%Deribit442.78+0.084%
Ondo Perps
tradeXYZ
Gate
SoDEX
Bybit
Vest
Polymarket Perps
KuCoin
Bitget
Coinbase International
OKX
Extended
Binance
Orderly
DeribitPhemex442.78+0.084%
BloFin442.81+0.090%edgeX442.82+0.094%SunX442.83+0.095%HTX442.84+0.097%Lighter RH442.85+0.099%Aevo442.88+0.107%Variational Omni443.07+0.150%Phoenix443.08+0.151%
BloFin
SunX
HTX
Lighter RH
Aevo
Variational Omni
PhoenixAster443.28+0.196%
Lighter443.48+0.242%Injective447.50+1.151%
Lighter
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 | −0.084% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.063% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Gate TSM_USDT | −0.063% | 0.0000% | 8h | $1.7M | $832K | 100x | as long as short |
| SoDEX TSM-USD | −0.056% | +0.0050% | 1h | $150 | $3K | 10x | as long as short |
| Bybit TSMUSDT | −0.043% | 0.0000% | 8h | $2.0M | $354K | 50x | as long as short |
| Vest TSM-USD-PERP | −0.043% | +0.0046% | 1h | — | — | 25x | as long as short |
| Polymarket Perps TSM-USD | −0.041% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.038% | +0.0100% | 8h | $271K | $311K | 20x | as long as short |
| Bitget TSMUSDT | −0.027% | +0.0098% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.020% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX TSM-USDT-SWAP | −0.014% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Extended TSM-USD | −0.004% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | −0.003% | 0.0000% | 8h | $13.1M | $6.2M | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | 0.000% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $97 | $61K | 10x | as long as short |
| Phemex TSMUSDTlong | 0.000% | 0.0000% | 8h | $1.5M | $412K | 10x | |
| BloFin TSM-USDT | +0.007% | +0.0024% | 8h | $45K | $94K | 20x | as long as short |
| edgeX TSMUSDC | +0.010% | +0.0955% | 4h | $48K | $215K | 10x | as long as short |
| SunX TSM-USDT | +0.011% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| HTX TSM-USDT | +0.014% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Lighter RH TSM | +0.016% | +0.0032% | 1h | $204K | $710K | 10x | as long as short |
| Aevo TSM-PERP | +0.023% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Variational Omni TSM | +0.066% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| Phoenix TSM | +0.068% | +0.0199% | 1h | $215K | $5K | 10x | as long as short |
| Aster TSMUSDTshort | +0.112% | 0.0000% | 8h | $81K | $1K | 20x | |
| Lighter TSM | +0.158% | +0.0464% | 1h | $501K | $152K | 10x | as long as short |
| Injective TSM/USDC PERP | +1.066% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |