After costs, if the gap returns to its 7d average, $10k−$49
spread now−0.014%7d average+0.017%fees + slippage, in and out−$46spread needed0.461%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 442.86 | 0.0050 | pay 0.0006% / 1h | 5m 57s | $187K | $82K | 10x |
| Short | Gate TSM_USDT | 442.80 | 0 | get 0.0000% / 8h | 6h 05m | $1.7M | $832K | 100x |
Polymarket Perps TSM-USD
Gate TSM_USDTPrice 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
- −$1.35
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$23.12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$48.98
- Spread needed to break even
- 0.461%
Slippage from Polymarket Perps: live order book, 33 min ago; Gate: live order book, 3 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 Polymarket Perps live order book, 33 min ago | 1.81 bp | 7.2 bp −$7 | 7.9 bp −$79 | 10.4 bp −$1,042 | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.16 bp | 14.3 bp −$14 | 31.7 bp −$317 | 44.0 bp −$4,397 | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.62cheapestKuCoin442.71+0.020%Ondo Perps442.77+0.034%
Coinbase International
KuCoin
Ondo PerpsGate442.80+0.041%
SoDEX442.85+0.052%
SoDEXPolymarket Perps442.86+0.054%
Bybit442.87+0.056%Vest442.87+0.056%tradeXYZ442.89+0.061%HTX442.90+0.063%Variational Omni442.93+0.070%BloFin442.93+0.070%Bitget442.96+0.077%edgeX442.99+0.084%OKX443.03+0.093%Binance443.07+0.102%Extended443.09+0.105%Orderly443.09+0.106%Aevo443.10+0.108%Deribit443.10+0.108%Phoenix443.12+0.113%SunX443.12+0.113%Lighter RH443.14+0.117%Phemex443.22+0.136%Aster443.49+0.197%Lighter443.57+0.215%Injective446.67+0.915%
Bybit
Vest
tradeXYZ
HTX
Variational Omni
BloFin
Bitget
OKX
Binance
Extended
Orderly
Aevo
Deribit
Phoenix
SunX
Lighter RH
Phemex
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 | −0.054% | −0.0048% | 1h | $357K | $87K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.034% | +0.0100% | 8h | $271K | $304K | 20x | as long as short |
| Ondo Perps TSM-USD.P | −0.020% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| Gate TSM_USDTshort | −0.014% | 0.0000% | 8h | $1.7M | $832K | 100x | |
| SoDEX TSM-USD | −0.002% | +0.0050% | 1h | $150 | $3K | 10x | as long as short |
| Polymarket Perps TSM-USDlong | 0.000% | +0.0050% | 1h | $187K | $82K | 10x | |
| Bybit TSMUSDT | +0.002% | 0.0000% | 8h | $2.0M | $354K | 50x | as long as short |
| Vest TSM-USD-PERP | +0.002% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:TSM | +0.007% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| HTX TSM-USDT | +0.009% | 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 | |
|---|---|---|---|---|---|---|---|
| Variational Omni TSM | +0.015% | 0.0000% | 8h | $559K | $81K | — | as long as short |
| BloFin TSM-USDT | +0.016% | +0.0009% | 8h | $45K | $93K | 20x | as long as short |
| Bitget TSMUSDT | +0.023% | +0.0105% | 8h | $1.7M | $1.4M | 20x | as long as short |
| edgeX TSMUSDC | +0.030% | +0.0938% | 4h | $48K | $215K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.038% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Binance TSMUSDT | +0.048% | 0.0000% | 8h | $13.1M | $6.1M | 20x | as long as short |
| Extended TSM-USD | +0.051% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.052% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.054% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.054% | +0.0066% | 1h | $97 | $61K | 10x | as long as short |
| Phoenix TSM | +0.059% | +0.0181% | 1h | $216K | $5K | 10x | as long as short |
| SunX TSM-USDT | +0.059% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Lighter RH TSM | +0.063% | +0.0032% | 1h | $205K | $902K | 10x | as long as short |
| Phemex TSMUSDT | +0.081% | 0.0000% | 8h | $1.5M | $409K | 10x | as long as short |
| Aster TSMUSDT | +0.143% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.160% | +0.0376% | 1h | $501K | $152K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.860% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |