After costs, if the gap returns to its 7d average, $10k−$78
spread now−0.113%7d average−0.095%fees + slippage, in and out−$76spread needed0.759%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 441.63 | 0 | get 0.0000% / 8h | 30m 46s | $1.5M | $360K | 10x |
| Short | Polymarket Perps TSM-USD | 441.13 | 0.0050 | get 0.0006% / 1h | 30m 46s | $179K | $51K | 10x |
Phemex TSMUSDT
Polymarket Perps TSM-USDPrice 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
- −$11.32
- Funding while held
- $1.5
- Slippage, 4 orders
- −$55.88
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$85.7
- Spread needed to break even
- 0.759%
Slippage from Phemex: live order book, 4 min ago; Polymarket Perps: live order book, 18 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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, 4 min ago | 2.83 bp | 26.2 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 18 min ago | 2.38 bp | 6.4 bp −$6 | 6.6 bp −$66 | 10.3 bp −$1,030 | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ441.02cheapestCoinbase International441.07+0.011%Vest441.10+0.018%KuCoin441.12+0.023%
tradeXYZ
Coinbase International
Vest
KuCoinPolymarket Perps441.13+0.025%
HTX441.14+0.027%SoDEX441.19+0.039%Bybit441.20+0.041%Gate441.20+0.041%Ondo Perps441.27+0.057%Lighter RH441.28+0.059%Extended441.35+0.075%Bitget441.36+0.077%Lighter441.38+0.082%OKX441.39+0.084%Binance441.40+0.085%Variational Omni441.42+0.091%Aevo441.43+0.093%Deribit441.43+0.093%Orderly441.44+0.095%SunX441.49+0.107%Phoenix441.50+0.109%edgeX441.51+0.111%BloFin441.59+0.129%
HTX
SoDEX
Bybit
Gate
Ondo Perps
Lighter RH
Extended
Bitget
Lighter
OKX
Binance
Variational Omni
Aevo
Deribit
Orderly
SunX
Phoenix
BloFinPhemex441.63+0.138%
Aster441.85+0.188%Injective446.02+1.134%
Aster
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:TSM | −0.138% | +0.0050% | 1h | $10.3M | $2.0M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.127% | −0.0032% | 1h | $355K | $79K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.120% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin TSMUSDTM | −0.115% | +0.0100% | 8h | $271K | $313K | 20x | as long as short |
| Polymarket Perps TSM-USDshort | −0.113% | +0.0050% | 1h | $179K | $51K | 10x | |
| HTX TSM-USDT | −0.111% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| SoDEX TSM-USD | −0.100% | +0.0050% | 1h | $147 | $3K | 10x | as long as short |
| Bybit TSMUSDT | −0.097% | 0.0000% | 8h | $2.0M | $312K | 50x | as long as short |
| Gate TSM_USDT | −0.097% | 0.0000% | 8h | $1.7M | $742K | 100x | as long as short |
| Ondo Perps TSM-USD.P | −0.082% | +0.0050% | 1h | $156K | $14K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH TSM | −0.079% | +0.0032% | 1h | $231K | $1.1M | 10x | as long as short |
| Extended TSM-USD | −0.063% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Bitget TSMUSDT | −0.061% | +0.0114% | 8h | $1.7M | $961K | 20x | as long as short |
| Lighter TSM | −0.057% | +0.0032% | 1h | $498K | $101K | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.054% | 0.0000% | 8h | $3.8M | $2.3M | 20x | as long as short |
| Binance TSMUSDT | −0.053% | 0.0000% | 8h | $13.0M | $5.4M | 20x | as long as short |
| Variational Omni TSM | −0.047% | 0.0000% | 8h | $556K | $102K | — | as long as short |
| Aevo TSM-PERP | −0.045% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.045% | +0.0226% | 1h | $4 | $60K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.043% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | −0.032% | 0.0000% | 8h | $2K | $5.1M | 10x | as long as short |
| Phoenix TSM | −0.029% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| edgeX TSMUSDC | −0.028% | +0.0637% | 4h | $47K | $216K | 10x | as long as short |
| BloFin TSM-USDT | −0.009% | +0.0017% | 8h | $46K | $85K | 20x | as long as short |
| Phemex TSMUSDTlong | 0.000% | 0.0000% | 8h | $1.5M | $360K | 10x | |
| Aster TSMUSDT | +0.049% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +0.994% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |