After costs, if the gap returns to its 7d average, $10k−$22
spread now+0.081%7d average+0.108%fees + slippage, in and out−$19spread needed0.194%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 442.12 | 0.0050 | pay 0.0006% / 1h | 28m 29s | $187K | $82K | 10x |
| Short | Lighter RH TSM | 442.48 | 0.0032 | get 0.0004% / 1h | 28m 29s | $204K | $897K | 10x |
Polymarket Perps TSM-USD
Lighter RH TSMPrice 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
- $8.14
- Funding while held
- −$0.54
- Slippage, 4 orders
- −$11.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$11.8
- Spread needed to break even
- 0.194%
Slippage from Polymarket Perps: live order book, 10 min ago; Lighter RH: live order book, 20 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0018%
- Per $10,000 a day
- −$0.54
- 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, 10 min ago | 1.81 bp | 7.2 bp −$7 | 7.9 bp −$79 | 10.4 bp −$1,042 | doesn't fit |
| Sell Lighter RH live order book, 20 min ago | 2.26 bp | 2.3 bp −$2 | 6.3 bp −$63 | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.HTX441.41cheapestPhoenix441.49+0.018%Coinbase International441.66+0.057%Variational Omni441.75+0.078%edgeX441.90+0.111%Vest441.93+0.118%Ondo Perps441.97+0.127%SoDEX442.03+0.140%
HTX
Phoenix
Coinbase International
Variational Omni
Vest
Ondo Perps
SoDEXPolymarket Perps442.12+0.161%
tradeXYZ442.14+0.165%KuCoin442.14+0.165%Bybit442.17+0.172%SunX442.24+0.188%Orderly442.25+0.190%Gate442.28+0.197%BloFin442.29+0.199%Deribit442.31+0.204%Aevo442.36+0.215%Binance442.39+0.222%OKX442.44+0.233%Phemex442.44+0.233%Bitget442.46+0.238%
tradeXYZ
KuCoin
Bybit
SunX
Orderly
Gate
BloFin
Deribit
Aevo
Binance
OKX
Phemex
BitgetLighter RH442.48+0.242%
Extended442.52+0.252%Aster442.78+0.311%Lighter442.79+0.313%Injective446.67+1.192%
Extended
Aster
Lighter
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX TSM-USDT | −0.161% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
| Phoenix TSM | −0.142% | +0.0181% | 1h | $215K | $5K | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.104% | −0.0048% | 1h | $356K | $85K | 10x | as long as short |
| Variational Omni TSM | −0.083% | 0.0000% | 8h | $557K | $81K | — | as long as short |
| edgeX TSMUSDC | −0.049% | +0.0349% | 4h | $48K | $216K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.043% | +0.0046% | 1h | — | — | 25x | as long as short |
| Ondo Perps TSM-USD.P | −0.034% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| SoDEX TSM-USD | −0.020% | +0.0050% | 1h | $149 | $3K | 10x | as long as short |
| Polymarket Perps TSM-USDlong | 0.000% | +0.0050% | 1h | $187K | $82K | 10x | |
| tradeXYZ xyz:TSM | +0.005% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin TSMUSDTM | +0.005% | +0.0100% | 8h | $272K | $298K | 20x | as long as short |
| Bybit TSMUSDT | +0.011% | 0.0000% | 8h | $2.0M | $352K | 50x | as long as short |
| SunX TSM-USDT | +0.027% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.029% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Gate TSM_USDT | +0.036% | 0.0000% | 8h | $1.7M | $822K | 100x | as long as short |
| BloFin TSM-USDT | +0.038% | −0.0021% | 8h | $45K | $91K | 20x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.043% | +0.0429% | 1h | $97 | $61K | 10x | as long as short |
| Aevo TSM-PERP | +0.054% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Binance TSMUSDT | +0.061% | 0.0000% | 8h | $13.0M | $6.1M | 20x | as long as short |
| OKX TSM-USDT-SWAP | +0.072% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Phemex TSMUSDT | +0.072% | 0.0000% | 8h | $1.5M | $403K | 10x | as long as short |
| Bitget TSMUSDT | +0.077% | +0.0116% | 8h | $1.7M | $1.4M | 20x | as long as short |
| Lighter RH TSMshort | +0.081% | +0.0032% | 1h | $204K | $897K | 10x | |
| Extended TSM-USD | +0.091% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Aster TSMUSDT | +0.150% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.152% | +0.0512% | 1h | $500K | $152K | 10x | as long as short |
| Injective TSM/USDC PERP | +1.029% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |