After costs, if the gap returns to its 7d average, $10k−$74
spread now+0.113%7d average+0.095%fees + slippage, in and out−$76spread needed0.759%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps TSM-USD | 441.13 | 0.0050 | pay 0.0006% / 1h | 31m 00s | $179K | $51K | 10x |
| Short | Phemex TSMUSDT | 441.63 | 0 | get 0.0000% / 8h | 31m 00s | $1.5M | $360K | 10x |
Polymarket Perps TSM-USD
Phemex 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
- $11.33
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$55.88
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$66.05
- Spread needed to break even
- 0.759%
Slippage from Polymarket Perps: live order book, 17 min ago; Phemex: 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, 17 min ago | 2.38 bp | 8.7 bp −$9 | 8.9 bp −$89 | 11.7 bp −$1,169 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.83 bp | 34.6 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.tradeXYZ441.07cheapestCoinbase International441.07cheapestVest441.10+0.007%KuCoin441.12+0.011%
tradeXYZ
Coinbase International
Vest
KuCoinPolymarket Perps441.13+0.014%
HTX441.14+0.016%SoDEX441.19+0.027%Gate441.20+0.029%Bybit441.21+0.032%Ondo Perps441.27+0.045%Lighter RH441.34+0.061%Extended441.35+0.064%OKX441.39+0.073%Binance441.41+0.077%Bitget441.41+0.077%Aevo441.43+0.082%Deribit441.43+0.082%Orderly441.44+0.084%SunX441.49+0.095%Phoenix441.50+0.097%edgeX441.51+0.099%Variational Omni441.51+0.099%Lighter441.53+0.104%BloFin441.59+0.118%
HTX
SoDEX
Gate
Bybit
Ondo Perps
Lighter RH
Extended
OKX
Binance
Bitget
Aevo
Deribit
Orderly
SunX
Phoenix
Variational Omni
Lighter
BloFinPhemex441.63+0.127%
Aster441.93+0.196%Injective446.02+1.122%
Aster
InjectiveTSM on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:TSM | −0.014% | +0.0050% | 1h | $10.3M | $2.0M | 10x | as long as short |
| Coinbase International TSM-PERP-INTX | −0.014% | −0.0032% | 1h | $355K | $79K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.007% | +0.0046% | 1h | — | — | 25x | as long as short |
| KuCoin TSMUSDTM | −0.002% | +0.0100% | 8h | $271K | $313K | 20x | as long as short |
| Polymarket Perps TSM-USDlong | 0.000% | +0.0050% | 1h | $179K | $51K | 10x | |
| HTX TSM-USDT | +0.002% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| SoDEX TSM-USD | +0.014% | +0.0050% | 1h | $147 | $3K | 10x | as long as short |
| Gate TSM_USDT | +0.016% | 0.0000% | 8h | $1.7M | $742K | 100x | as long as short |
| Bybit TSMUSDT | +0.018% | 0.0000% | 8h | $2.0M | $312K | 50x | as long as short |
| Ondo Perps TSM-USD.P | +0.032% | +0.0050% | 1h | $156K | $14K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.048% | +0.0032% | 1h | $231K | $1.1M | 10x | as long as short |
| Extended TSM-USD | +0.050% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.059% | 0.0000% | 8h | $3.8M | $2.3M | 20x | as long as short |
| Binance TSMUSDT | +0.063% | 0.0000% | 8h | $13.0M | $5.4M | 20x | as long as short |
| Bitget TSMUSDT | +0.063% | +0.0114% | 8h | $1.7M | $961K | 20x | as long as short |
| Aevo TSM-PERP | +0.068% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.068% | +0.0226% | 1h | $4 | $60K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.070% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| SunX TSM-USDT | +0.082% | 0.0000% | 8h | $2K | $5.1M | 10x | as long as short |
| Phoenix TSM | +0.084% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| edgeX TSMUSDC | +0.086% | +0.0637% | 4h | $47K | $216K | 10x | as long as short |
| Variational Omni TSM | +0.086% | 0.0000% | 8h | $556K | $102K | — | as long as short |
| Lighter TSM | +0.091% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| BloFin TSM-USDT | +0.104% | +0.0017% | 8h | $46K | $85K | 20x | as long as short |
| Phemex TSMUSDTshort | +0.113% | 0.0000% | 8h | $1.5M | $360K | 10x | |
| Aster TSMUSDT | +0.182% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.109% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |