data as of
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Price arb /

TSM

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$89
spread now−0.052%7d average−0.051%fees + slippage, in and out−$89spread needed0.886%
Long on PhemexShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TSMUSDT440.410get 0.0000% / 8h1h 28m$1.5M$327K10x
ShortBybit TSMUSDT440.180get 0.0000% / 8h1h 28m$2.0M$305K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$5.22
Funding while held
$0
Slippage, 4 orders
−$65.58
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$93.8
Spread needed to break even
0.886%
Slippage from Phemex: live order book, 1 min ago; Bybit: live order book, 4 min ago.

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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 1 min ago1.93 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago1.25 bp11.3 bp −$1138.1 bp −$381doesn't fitdoesn't fit

TSM price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International437.82cheapestSoDEX439.45+0.372%edgeX439.62+0.412%KuCoin439.99+0.496%Polymarket Perps440.02+0.502%tradeXYZ440.07+0.514%Aster440.07+0.515%Gate440.14+0.530%Vest440.16+0.534%
Bybit440.18+0.539%
Ondo Perps440.19+0.541%Bitget440.21+0.546%Extended440.28+0.562%Aevo440.30+0.566%Deribit440.32+0.571%Orderly440.33+0.573%Lighter RH440.34+0.576%Lighter440.36+0.580%SunX440.40+0.589%
Phemex440.41+0.592%
OKX440.42+0.594%BloFin440.48+0.608%Binance440.54+0.622%HTX440.84+0.690%Phoenix440.93+0.710%Variational Omni441.00+0.727%Injective444.66+1.562%

TSM on 27 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International TSM-PERP-INTX−0.588%−0.0032%1h$352K$78K10xas long as short
SoDEX TSM-USD−0.218%+0.0050%1h$145$3K10xas long as short
edgeX TSMUSDC−0.179%+0.0457%4h$47K$215K10xas long as short
KuCoin TSMUSDTM−0.095%+0.0100%8h$271K$322K20xas long as short
Polymarket Perps TSM-USD−0.089%+0.0050%1h$178K$51K10xas long as short
tradeXYZ xyz:TSM−0.077%+0.0050%1h$10.4M$1.9M10xas long as short
Aster TSMUSDT−0.077%0.0000%8h$81K$1K20xas long as short
Gate TSM_USDT−0.061%0.0000%8h$1.8M$680K100xas long as short
Vest TSM-USD-PERP−0.057%+0.0046%1h——25xas long as short
Bybit TSMUSDTshort−0.052%0.0000%8h$2.0M$305K50x
Show all 27 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps TSM-USD.P−0.050%+0.0050%1h$155K$14K10xas long as short
Bitget TSMUSDT−0.045%+0.0083%8h$1.7M$939K20xas long as short
Extended TSM-USD−0.029%0.0000%1h$4K$166K10xas long as short
Aevo TSM-PERP−0.025%+0.0104%1h$123—10xas long as short
Deribit TSM_USDC-PERPETUAL−0.020%+0.0250%1h$4$59K10xas long as short
Orderly PERP_TSM_USDC_mythos−0.018%+0.0100%8h$21—10xas long as short
Lighter RH TSM−0.016%+0.0032%1h$233K$1.1M10xas long as short
Lighter TSM−0.011%+0.0032%1h$497K$101K10xas long as short
SunX TSM-USDT−0.002%0.0000%8h$2K$4.6M10xas long as short
Phemex TSMUSDTlong0.000%0.0000%8h$1.5M$327K10x
OKX TSM-USDT-SWAP+0.002%0.0000%8h$3.8M$2.2M20xas long as short
BloFin TSM-USDT+0.016%+0.0007%8h$45K$79K20xas long as short
Binance TSMUSDT+0.031%0.0000%8h$13.0M$5.0M20xas long as short
HTX TSM-USDT+0.098%0.0000%8h$9K$6K20xas long as short
Phoenix TSM+0.118%+0.0182%1h$214K$5K10xas long as short
Variational Omni TSM+0.134%0.0000%8h$555K$102K—as long as short
Injective TSM/USDC PERP+0.965%+0.0220%1h$6K$38K12xas long as short