After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.051%7d average−0.005%fees + slippage, in and out−$39spread needed0.387%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TSM | 443.14 | 0.0181 | pay 0.0023% / 1h | 49m 45s | $216K | $5K | 10x |
| Short | Extended TSM-USD | 442.91 | 0 | get 0.0000% / 1h | 49m 45s | $2K | $167K | 10x |
Phoenix TSM
Extended 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
- −$5.08
- Funding while held
- −$5.42
- Slippage, 4 orders
- −$26.69
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$49.18
- Spread needed to break even
- 0.387%
Slippage from Phoenix: live order book, 52 min ago; Extended: live order book, 54 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0181%
- Per $10,000 a day
- −$5.42
- 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 Phoenix live order book, 52 min ago | 2.04 bp | 8.5 bp −$8 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Extended live order book, 54 min ago | 2.15 bp | 11.7 bp −$12 | 118.9 bp −$1,189 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.09cheapestSoDEX442.60+0.115%Polymarket Perps442.61+0.118%Deribit442.62+0.120%Vest442.63+0.122%tradeXYZ442.70+0.138%Bybit442.70+0.138%KuCoin442.71+0.140%Gate442.73+0.145%HTX442.80+0.161%Bitget442.82+0.165%OKX442.83+0.167%Ondo Perps442.84+0.170%Orderly442.86+0.174%SunX442.90+0.183%Aevo442.90+0.183%
Coinbase International
SoDEX
Polymarket Perps
Deribit
Vest
tradeXYZ
Bybit
KuCoin
Gate
HTX
Bitget
OKX
Ondo Perps
Orderly
SunX
AevoExtended442.91+0.187%
Binance442.92+0.187%BloFin442.92+0.188%Lighter RH442.94+0.192%Variational Omni443.01+0.208%Phemex443.02+0.210%
Binance
BloFin
Lighter RH
Variational Omni
PhemexPhoenix443.14+0.238%
Aster443.35+0.286%edgeX443.36+0.288%Lighter443.52+0.323%Injective447.58+1.242%
Aster
Lighter
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 | −0.237% | −0.0048% | 1h | $357K | $84K | 10x | as long as short |
| SoDEX TSM-USD | −0.122% | +0.0050% | 1h | $148 | $3K | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.120% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.117% | 0.0000% | 1h | $97 | $61K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.115% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | −0.099% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Bybit TSMUSDT | −0.099% | 0.0000% | 8h | $2.0M | $348K | 50x | as long as short |
| KuCoin TSMUSDTM | −0.097% | +0.0100% | 8h | $272K | $301K | 20x | as long as short |
| Gate TSM_USDT | −0.093% | 0.0000% | 8h | $1.7M | $803K | 100x | as long as short |
| HTX TSM-USDT | −0.077% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.072% | +0.0100% | 8h | $1.6M | $1.4M | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.070% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Ondo Perps TSM-USD.P | −0.068% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.063% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | −0.054% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Aevo TSM-PERP | −0.054% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Extended TSM-USDshort | −0.051% | 0.0000% | 1h | $2K | $167K | 10x | |
| Binance TSMUSDT | −0.050% | 0.0000% | 8h | $13.1M | $6.0M | 20x | as long as short |
| BloFin TSM-USDT | −0.050% | −0.0009% | 8h | $45K | $90K | 20x | as long as short |
| Lighter RH TSM | −0.045% | +0.0032% | 1h | $201K | $889K | 10x | as long as short |
| Variational Omni TSM | −0.029% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| Phemex TSMUSDT | −0.027% | 0.0000% | 8h | $1.5M | $397K | 10x | as long as short |
| Phoenix TSMlong | 0.000% | +0.0181% | 1h | $216K | $5K | 10x | |
| Aster TSMUSDT | +0.048% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| edgeX TSMUSDC | +0.050% | −0.0802% | 4h | $48K | $215K | 10x | as long as short |
| Lighter TSM | +0.086% | +0.0232% | 1h | $501K | $147K | 10x | as long as short |
| Injective TSM/USDC PERP | +1.002% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |