Spread before costs (cost unknown: a leg has no order-book sample)−0.127%
7d average—if it closes, per $10,000$13funding while held, a day+$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TSMUSDT | 441.80 | 0 | get 0.0000% / 8h | 23m 00s | $1.5M | $362K | 10x |
| Short | Vest TSM-USD-PERP | 441.24 | 0.0046 | get 0.0006% / 1h | 23m 00s | — | — | 25x |
Phemex TSMUSDT
Vest TSM-USD-PERPPrice 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
- −$12.68
- Funding while held
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$25.31
- Spread needed to break even
- 0.140%
Slippage unknown: Phemex: live order book, 1 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0046%
- Per $10,000 a day
- +$1.37
- 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 | 1.70 bp | 26.7 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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.Coinbase International441.07cheapestOndo Perps441.13+0.014%
Coinbase International
Ondo PerpsVest441.24+0.039%
SoDEX441.29+0.050%tradeXYZ441.30+0.052%Polymarket Perps441.30+0.052%KuCoin441.32+0.057%Gate441.39+0.073%Bybit441.42+0.079%HTX441.51+0.100%Lighter441.53+0.104%OKX441.53+0.104%Lighter RH441.55+0.109%Deribit441.57+0.113%Orderly441.58+0.116%BloFin441.61+0.122%Extended441.62+0.124%Aevo441.64+0.130%Variational Omni441.66+0.134%Bitget441.67+0.136%edgeX441.68+0.137%Phoenix441.70+0.143%SunX441.71+0.145%Binance441.74+0.151%
SoDEX
tradeXYZ
Polymarket Perps
KuCoin
Gate
Bybit
HTX
Lighter
OKX
Lighter RH
Deribit
Orderly
BloFin
Extended
Aevo
Variational Omni
Bitget
Phoenix
SunX
BinancePhemex441.80+0.166%
Aster441.89+0.186%Injective446.02+1.122%
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 | −0.165% | −0.0032% | 1h | $355K | $79K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.152% | +0.0050% | 1h | $156K | $15K | 10x | as long as short |
| Vest TSM-USD-PERPshort | −0.127% | +0.0046% | 1h | — | — | 25x | |
| SoDEX TSM-USD | −0.115% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.113% | +0.0050% | 1h | $10.3M | $2.0M | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.113% | +0.0050% | 1h | $179K | $51K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.109% | +0.0100% | 8h | $272K | $311K | 20x | as long as short |
| Gate TSM_USDT | −0.093% | 0.0000% | 8h | $1.7M | $750K | 100x | as long as short |
| Bybit TSMUSDT | −0.086% | 0.0000% | 8h | $2.0M | $313K | 50x | as long as short |
| HTX TSM-USDT | −0.066% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter TSM | −0.061% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.061% | 0.0000% | 8h | $3.8M | $2.3M | 20x | as long as short |
| Lighter RH TSM | −0.057% | +0.0032% | 1h | $231K | $1.1M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.052% | +0.0362% | 1h | $4 | $61K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.050% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| BloFin TSM-USDT | −0.043% | −0.0026% | 8h | $46K | $85K | 20x | as long as short |
| Extended TSM-USD | −0.041% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Aevo TSM-PERP | −0.035% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Variational Omni TSM | −0.031% | 0.0000% | 8h | $557K | $102K | — | as long as short |
| Bitget TSMUSDT | −0.029% | +0.0116% | 8h | $1.9M | $1.1M | 20x | as long as short |
| edgeX TSMUSDC | −0.028% | +0.0336% | 4h | $48K | $215K | 10x | as long as short |
| Phoenix TSM | −0.023% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| SunX TSM-USDT | −0.020% | 0.0000% | 8h | $1K | $5.1M | 10x | as long as short |
| Binance TSMUSDT | −0.014% | 0.0000% | 8h | $13.0M | $5.4M | 20x | as long as short |
| Phemex TSMUSDTlong | 0.000% | 0.0000% | 8h | $1.5M | $362K | 10x | |
| Aster TSMUSDT | +0.021% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +0.955% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |