After costs, if the gap returns to its 7d average, $10k−$78
spread now−0.072%7d average−0.113%fees + slippage, in and out−$82spread needed0.821%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 442.95 | 0 | get 0.0000% / 8h | 6h 03m | $1.5M | $409K | 10x |
| Short | tradeXYZ xyz:TSM | 442.63 | 0.0050 | get 0.0006% / 1h | 3m 50s | $10.3M | $2.2M | 10x |
Phemex TSMUSDT
tradeXYZ xyz:TSMPrice 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
- −$7.22
- Funding while held
- $1.5
- Slippage, 4 orders
- −$52.07
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$87.79
- Spread needed to break even
- 0.821%
Slippage from Phemex: live order book, 1 min ago; tradeXYZ: live order book, 6 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, 1 min ago | 1.24 bp | 30.3 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.68 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.62cheapest
Coinbase InternationaltradeXYZ442.63+0.002%
Bybit442.66+0.009%KuCoin442.66+0.009%Gate442.68+0.014%Polymarket Perps442.75+0.029%Ondo Perps442.77+0.034%SoDEX442.78+0.036%Bitget442.84+0.050%Binance442.85+0.051%Vest442.89+0.061%HTX442.90+0.063%Lighter RH442.94+0.072%OKX442.94+0.072%
Bybit
KuCoin
Gate
Polymarket Perps
Ondo Perps
SoDEX
Bitget
Binance
Vest
HTX
Lighter RH
OKXPhemex442.95+0.075%
SunX442.96+0.077%Extended442.97+0.078%Deribit442.98+0.081%BloFin443.01+0.088%edgeX443.01+0.089%Aevo443.06+0.099%Orderly443.06+0.099%Phoenix443.12+0.113%Variational Omni443.12+0.114%Lighter443.40+0.176%Aster443.45+0.187%Injective446.67+0.915%
SunX
Extended
Deribit
BloFin
Aevo
Orderly
Phoenix
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 | |
|---|---|---|---|---|---|---|---|
| Coinbase International TSM-PERP-INTX | −0.075% | −0.0048% | 1h | $357K | $87K | 10x | as long as short |
| tradeXYZ xyz:TSMshort | −0.072% | +0.0050% | 1h | $10.3M | $2.2M | 10x | |
| Bybit TSMUSDT | −0.065% | 0.0000% | 8h | $2.0M | $354K | 50x | as long as short |
| KuCoin TSMUSDTM | −0.065% | +0.0100% | 8h | $271K | $306K | 20x | as long as short |
| Gate TSM_USDT | −0.061% | 0.0000% | 8h | $1.7M | $833K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.045% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.041% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| SoDEX TSM-USD | −0.038% | +0.0050% | 1h | $150 | $3K | 10x | as long as short |
| Bitget TSMUSDT | −0.025% | +0.0103% | 8h | $1.7M | $1.4M | 20x | as long as short |
| Binance TSMUSDT | −0.023% | 0.0000% | 8h | $13.1M | $6.1M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest TSM-USD-PERP | −0.014% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX TSM-USDT | −0.011% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Lighter RH TSM | −0.002% | +0.0032% | 1h | $205K | $903K | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.002% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Phemex TSMUSDTlong | 0.000% | 0.0000% | 8h | $1.5M | $409K | 10x | |
| SunX TSM-USDT | +0.002% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Extended TSM-USD | +0.003% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.007% | 0.0000% | 1h | $97 | $61K | 10x | as long as short |
| BloFin TSM-USDT | +0.014% | −0.0019% | 8h | $45K | $94K | 20x | as long as short |
| edgeX TSMUSDC | +0.014% | +0.0402% | 4h | $48K | $215K | 10x | as long as short |
| Aevo TSM-PERP | +0.025% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.025% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Phoenix TSM | +0.038% | +0.0181% | 1h | $216K | $5K | 10x | as long as short |
| Variational Omni TSM | +0.039% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| Lighter TSM | +0.102% | +0.0368% | 1h | $501K | $152K | 10x | as long as short |
| Aster TSMUSDT | +0.113% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +0.840% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |