After costs, if the gap returns to its 7d average, $10k−$36
spread now+0.152%7d average+0.088%fees + slippage, in and out−$42spread needed0.422%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 439.97 | 0.0050 | pay 0.0006% / 1h | 32m 13s | $178K | $51K | 10x |
| Short | Bitget TSMUSDT | 440.64 | 0.0084 | get 0.0084% / 8h | 1h 32m | $1.8M | $938K | 20x |
Polymarket Perps TSM-USD
Bitget TSMUSDTPrice 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
- $15.23
- Funding while held
- $1.02
- Slippage, 4 orders
- −$22.18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$25.93
- Spread needed to break even
- 0.422%
Slippage from Polymarket Perps: live order book, 21 min ago; Bitget: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0034%
- Per $10,000 a day
- +$1.02
- 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 Polymarket Perps live order book, 21 min ago | 2.97 bp | 8.2 bp −$8 | 8.7 bp −$87 | 10.2 bp −$1,019 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.50 bp | 11.7 bp −$12 | 24.3 bp −$243 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International437.82cheapestPhoenix438.28+0.105%Ondo Perps438.53+0.162%Variational Omni438.69+0.199%edgeX439.20+0.314%HTX439.58+0.402%Vest439.66+0.420%BloFin439.70+0.429%
Coinbase International
Phoenix
Ondo Perps
Variational Omni
HTX
Vest
BloFinPolymarket Perps439.97+0.491%
Gate440.00+0.498%Aster440.16+0.534%KuCoin440.20+0.544%tradeXYZ440.27+0.560%Lighter440.55+0.624%SoDEX440.55+0.624%Extended440.57+0.627%Orderly440.61+0.637%Aevo440.61+0.637%
Gate
Aster
KuCoin
tradeXYZ
Lighter
SoDEX
Extended
Orderly
AevoBitget440.64+0.644%
Deribit440.73+0.665%Bybit440.75+0.669%OKX440.87+0.697%SunX440.88+0.699%Lighter RH440.90+0.703%Phemex440.96+0.717%Binance441.02+0.731%Injective442.93+1.167%
Deribit
Bybit
OKX
SunX
Lighter RH
Phemex
Binance
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 | −0.489% | −0.0032% | 1h | $352K | $78K | 10x | as long as short |
| Phoenix TSM | −0.384% | +0.0182% | 1h | $213K | $5K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.327% | +0.0050% | 1h | $154K | $14K | 10x | as long as short |
| Variational Omni TSM | −0.290% | 0.0000% | 8h | $552K | $102K | — | as long as short |
| edgeX TSMUSDC | −0.176% | −0.0357% | 4h | $47K | $215K | 10x | as long as short |
| HTX TSM-USDT | −0.089% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| Vest TSM-USD-PERP | −0.070% | +0.0046% | 1h | — | — | 25x | as long as short |
| BloFin TSM-USDT | −0.061% | +0.0016% | 8h | $45K | $78K | 20x | as long as short |
| Polymarket Perps TSM-USDlong | 0.000% | +0.0050% | 1h | $178K | $51K | 10x | |
| Gate TSM_USDT | +0.007% | 0.0000% | 8h | $1.8M | $674K | 100x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster TSMUSDT | +0.043% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| KuCoin TSMUSDTM | +0.052% | +0.0100% | 8h | $271K | $322K | 20x | as long as short |
| tradeXYZ xyz:TSM | +0.068% | +0.0050% | 1h | $10.4M | $1.9M | 10x | as long as short |
| Lighter TSM | +0.132% | +0.0032% | 1h | $498K | $101K | 10x | as long as short |
| SoDEX TSM-USD | +0.132% | +0.0050% | 1h | $145 | $3K | 10x | as long as short |
| Extended TSM-USD | +0.136% | 0.0000% | 1h | $4K | $166K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.145% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.145% | +0.0104% | 1h | $123 | — | 10x | as long as short |
| Bitget TSMUSDTshort | +0.152% | +0.0084% | 8h | $1.8M | $938K | 20x | |
| Deribit TSM_USDC-PERPETUAL | +0.173% | +0.0295% | 1h | $4 | $59K | 10x | as long as short |
| Bybit TSMUSDT | +0.177% | 0.0000% | 8h | $2.0M | $303K | 50x | as long as short |
| OKX TSM-USDT-SWAP | +0.205% | 0.0000% | 8h | $3.8M | $2.1M | 20x | as long as short |
| SunX TSM-USDT | +0.207% | 0.0000% | 8h | $2K | $4.5M | 10x | as long as short |
| Lighter RH TSM | +0.211% | +0.0032% | 1h | $235K | $1.1M | 10x | as long as short |
| Phemex TSMUSDT | +0.225% | 0.0000% | 8h | $1.5M | $324K | 10x | as long as short |
| Binance TSMUSDT | +0.239% | 0.0000% | 8h | $12.9M | $4.8M | 20x | as long as short |
| Injective TSM/USDC PERP | +0.673% | +0.0220% | 1h | $6K | $38K | 12x | as long as short |