Spread before costs (cost unknown: a leg has no order-book sample)−0.034%
7d average—if it closes, per $10,000$3funding while held, a day−$0.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 442.44 | 0 | get 0.0000% / 8h | 6h 28m | $1.5M | $403K | 10x |
| Short | BloFin TSM-USDT | 442.29 | −0.0021 | pay 0.0021% / 8h | 6h 28m | $45K | $91K | 20x |
Phemex TSMUSDT
BloFin 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
- −$3.39
- Funding while held
- −$0.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.01
- Spread needed to break even
- 0.240%
Slippage unknown: Phemex: live order book, 1 min ago; BloFin: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0021%
- Per $10,000 a day
- −$0.62
- 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, 1 min ago | 2.15 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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.Phoenix441.49cheapestCoinbase International441.66+0.039%Variational Omni441.75+0.060%edgeX441.90+0.093%Ondo Perps441.97+0.109%Vest442.09+0.136%KuCoin442.10+0.138%Bybit442.17+0.154%tradeXYZ442.18+0.156%Polymarket Perps442.20+0.161%SoDEX442.21+0.163%Gate442.22+0.165%
Phoenix
Coinbase International
Variational Omni
Ondo Perps
Vest
KuCoin
Bybit
tradeXYZ
Polymarket Perps
SoDEX
GateBloFin442.29+0.181%
OKX442.31+0.186%Orderly442.35+0.195%Deribit442.35+0.195%Bitget442.36+0.197%SunX442.37+0.199%Extended442.39+0.204%Binance442.42+0.211%HTX442.42+0.211%
OKX
Orderly
Deribit
Bitget
SunX
Extended
Binance
HTXPhemex442.44+0.215%
Lighter RH442.47+0.222%Aevo442.47+0.223%Aster442.76+0.288%Lighter442.97+0.335%Injective446.67+1.173%
Lighter RH
Aevo
Aster
Lighter
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix TSM | −0.215% | +0.0181% | 1h | $215K | $5K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.176% | −0.0048% | 1h | $356K | $85K | 10x | as long as short |
| Variational Omni TSM | −0.155% | 0.0000% | 8h | $557K | $81K | — | as long as short |
| edgeX TSMUSDC | −0.122% | +0.0349% | 4h | $48K | $216K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.106% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.079% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin TSMUSDTM | −0.077% | +0.0100% | 8h | $272K | $298K | 20x | as long as short |
| Bybit TSMUSDT | −0.061% | 0.0000% | 8h | $2.0M | $352K | 50x | as long as short |
| tradeXYZ xyz:TSM | −0.059% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.054% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX TSM-USD | −0.052% | +0.0050% | 1h | $149 | $3K | 10x | as long as short |
| Gate TSM_USDT | −0.050% | 0.0000% | 8h | $1.7M | $822K | 100x | as long as short |
| BloFin TSM-USDTshort | −0.034% | −0.0021% | 8h | $45K | $91K | 20x | |
| OKX TSM-USDT-SWAP | −0.029% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.020% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.020% | +0.0225% | 1h | $97 | $61K | 10x | as long as short |
| Bitget TSMUSDT | −0.018% | +0.0116% | 8h | $1.7M | $1.4M | 20x | as long as short |
| SunX TSM-USDT | −0.016% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Extended TSM-USD | −0.011% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | −0.005% | 0.0000% | 8h | $13.0M | $6.1M | 20x | as long as short |
| HTX TSM-USDT | −0.005% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.000% | 0.0000% | 8h | $1.5M | $403K | 10x | |
| Lighter RH TSM | +0.007% | +0.0032% | 1h | $204K | $897K | 10x | as long as short |
| Aevo TSM-PERP | +0.008% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Aster TSMUSDT | +0.073% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.120% | +0.0504% | 1h | $500K | $152K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.956% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |