After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.079%7d average−0.058%fees + slippage, in and out−$32spread needed0.316%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TSM | 444.09 | 0.0199 | pay 0.0025% / 1h | 0m 51s | $216K | $5K | 10x |
| Short | Polymarket Perps TSM-USD | 443.74 | 0.0050 | get 0.0006% / 1h | 0m 51s | $187K | $82K | 10x |
Phoenix TSM
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
- −$7.88
- Funding while held
- −$4.46
- Slippage, 4 orders
- −$16.65
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$43.99
- Spread needed to break even
- 0.316%
Slippage from Phoenix: live order book, 31 min ago; Polymarket Perps: live order book, 33 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0149%
- Per $10,000 a day
- −$4.46
- 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, 31 min ago | 2.26 bp | 8.7 bp −$9 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 33 min ago | 1.81 bp | 5.8 bp −$6 | 6.6 bp −$66 | 9.3 bp −$933 | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.69cheapestGate443.66+0.219%tradeXYZ443.68+0.224%Ondo Perps443.69+0.226%SoDEX443.71+0.230%Variational Omni443.72+0.233%Bybit443.73+0.235%KuCoin443.73+0.235%
Coinbase International
Gate
tradeXYZ
Ondo Perps
SoDEX
Variational Omni
Bybit
KuCoinPolymarket Perps443.74+0.237%
OKX443.80+0.251%Vest443.82+0.255%Bitget443.86+0.264%edgeX443.88+0.268%Extended443.92+0.279%Binance443.93+0.280%Orderly443.95+0.285%SunX443.97+0.289%Deribit443.97+0.289%HTX443.97+0.289%BloFin443.97+0.289%Aevo443.99+0.295%
OKX
Vest
Bitget
Extended
Binance
Orderly
SunX
Deribit
HTX
BloFin
AevoPhoenix444.09+0.316%
Phemex444.09+0.316%Lighter RH444.10+0.319%Aster444.39+0.383%Lighter444.53+0.416%Injective447.82+1.159%
Phemex
Lighter RH
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 | −0.315% | −0.0040% | 1h | $357K | $88K | 10x | as long as short |
| Gate TSM_USDT | −0.097% | 0.0000% | 8h | $1.7M | $841K | 100x | as long as short |
| tradeXYZ xyz:TSM | −0.092% | +0.0050% | 1h | $10.3M | $2.3M | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.090% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| SoDEX TSM-USD | −0.086% | +0.0050% | 1h | $151 | $3K | 10x | as long as short |
| Variational Omni TSM | −0.083% | 0.0000% | 8h | $560K | $81K | — | as long as short |
| Bybit TSMUSDT | −0.081% | 0.0000% | 8h | $2.0M | $359K | 50x | as long as short |
| KuCoin TSMUSDTM | −0.081% | +0.0100% | 8h | $272K | $322K | 20x | as long as short |
| Polymarket Perps TSM-USDshort | −0.079% | +0.0050% | 1h | $187K | $82K | 10x | |
| OKX TSM-USDT-SWAP | −0.065% | 0.0000% | 8h | $3.9M | $2.8M | 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 | −0.061% | +0.0046% | 1h | — | — | 25x | as long as short |
| Bitget TSMUSDT | −0.052% | +0.0078% | 8h | $1.6M | $1.4M | 20x | as long as short |
| edgeX TSMUSDC | −0.048% | −0.0190% | 4h | $48K | $216K | 10x | as long as short |
| Extended TSM-USD | −0.037% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Binance TSMUSDT | −0.036% | 0.0000% | 8h | $13.1M | $6.3M | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.032% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | −0.027% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.027% | +0.0223% | 1h | $4 | $61K | 10x | as long as short |
| HTX TSM-USDT | −0.027% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| BloFin TSM-USDT | −0.027% | +0.0013% | 8h | $45K | $96K | 20x | as long as short |
| Aevo TSM-PERP | −0.021% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Phoenix TSMlong | 0.000% | +0.0199% | 1h | $216K | $5K | 10x | |
| Phemex TSMUSDT | 0.000% | 0.0000% | 8h | $1.5M | $423K | 10x | as long as short |
| Lighter RH TSM | +0.002% | +0.0032% | 1h | $204K | $749K | 10x | as long as short |
| Aster TSMUSDT | +0.067% | 0.0000% | 8h | $82K | $1K | 20x | as long as short |
| Lighter TSM | +0.099% | +0.0400% | 1h | $502K | $153K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.840% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |