After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.096%7d average+0.076%fees + slippage, in and out−$40spread needed0.400%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 441.02 | 0.0050 | pay 0.0006% / 1h | 20m 20s | $10.4M | $1.9M | 10x |
| Short | Binance TSMUSDT | 441.44 | 0 | get 0.0000% / 8h | 1h 20m | $13.1M | $5.1M | 20x |
tradeXYZ xyz:TSM
Binance 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
- $9.59
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$11.97
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.88
- Spread needed to break even
- 0.400%
Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 7 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 tradeXYZ live order book, 9 min ago | 1.36 bp | 10.6 bp −$11 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.45 bp | 9.8 bp −$10 | 24.2 bp −$242 | 90.8 bp −$9,078 | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International440.05cheapestOndo Perps440.86+0.184%KuCoin440.87+0.186%SoDEX440.88+0.189%Vest440.92+0.198%Aster440.96+0.208%Gate441.01+0.218%Polymarket Perps441.01+0.218%
Coinbase International
Ondo Perps
KuCoin
SoDEX
Vest
Aster
Gate
Polymarket PerpstradeXYZ441.02+0.220%
Phoenix441.02+0.220%edgeX441.09+0.235%Bybit441.11+0.241%Deribit441.13+0.245%Lighter RH441.16+0.252%Aevo441.17+0.256%HTX441.20+0.261%Phemex441.23+0.268%OKX441.25+0.273%Lighter441.27+0.277%BloFin441.27+0.277%Bitget441.31+0.286%Extended441.31+0.287%SunX441.34+0.293%Variational Omni441.36+0.297%Orderly441.37+0.300%
Phoenix
Bybit
Deribit
Lighter RH
Aevo
HTX
Phemex
OKX
Lighter
BloFin
Bitget
Extended
SunX
Variational Omni
OrderlyBinance441.44+0.317%
Injective445.68+1.279%
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 | −0.220% | −0.0032% | 1h | $354K | $79K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.036% | +0.0050% | 1h | $155K | $14K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.034% | +0.0100% | 8h | $271K | $321K | 20x | as long as short |
| SoDEX TSM-USD | −0.032% | +0.0050% | 1h | $145 | $3K | 10x | as long as short |
| Vest TSM-USD-PERP | −0.023% | +0.0046% | 1h | — | — | 25x | as long as short |
| Aster TSMUSDT | −0.013% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Gate TSM_USDT | −0.002% | 0.0000% | 8h | $1.7M | $709K | 100x | as long as short |
| Polymarket Perps TSM-USD | −0.002% | +0.0050% | 1h | $179K | $51K | 10x | as long as short |
| tradeXYZ xyz:TSMlong | 0.000% | +0.0050% | 1h | $10.4M | $1.9M | 10x | |
| Phoenix TSM | 0.000% | +0.0182% | 1h | $214K | $5K | 10x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX TSMUSDC | +0.015% | −0.0988% | 4h | $47K | $215K | 10x | as long as short |
| Bybit TSMUSDT | +0.020% | 0.0000% | 8h | $2.0M | $306K | 50x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.025% | +0.0204% | 1h | $4 | $59K | 10x | as long as short |
| Lighter RH TSM | +0.032% | +0.0032% | 1h | $234K | $1.1M | 10x | as long as short |
| Aevo TSM-PERP | +0.035% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| HTX TSM-USDT | +0.041% | 0.0000% | 8h | $9K | $6K | 20x | as long as short |
| Phemex TSMUSDT | +0.048% | 0.0000% | 8h | $1.5M | $337K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.052% | 0.0000% | 8h | $3.8M | $2.2M | 20x | as long as short |
| Lighter TSM | +0.057% | +0.0032% | 1h | $498K | $101K | 10x | as long as short |
| BloFin TSM-USDT | +0.057% | +0.0028% | 8h | $45K | $81K | 20x | as long as short |
| Bitget TSMUSDT | +0.066% | +0.0087% | 8h | $1.7M | $944K | 20x | as long as short |
| Extended TSM-USD | +0.066% | 0.0000% | 1h | $4K | $166K | 10x | as long as short |
| SunX TSM-USDT | +0.073% | 0.0000% | 8h | $2K | $4.8M | 10x | as long as short |
| Variational Omni TSM | +0.076% | 0.0000% | 8h | $556K | $102K | — | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.079% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Binance TSMUSDTshort | +0.096% | 0.0000% | 8h | $13.1M | $5.1M | 20x | |
| Injective TSM/USDC PERP | +1.057% | +0.0220% | 1h | $6K | $38K | 12x | as long as short |