Spread before costs (cost unknown: a leg has no order-book sample)+0.081%
7d average—if it closes, per $10,000$8funding while held, a day+$12.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:TSM | 442.31 | 0.0050 | pay 0.0006% / 1h | 8m 15s | $10.3M | $2.2M | 10x |
| Short | Deribit TSM_USDC-PERPETUAL | 442.67 | 0.0451 | get 0.0056% / 1h | 8m 15s | $4 | $61K | 10x |
tradeXYZ xyz:TSM
Deribit TSM_USDC-PERPETUALPrice 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
- $12.02
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$4.84
- Spread needed to break even
- 0.250%
Slippage unknown: tradeXYZ: live order book, 12 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0401%
- Per $10,000 a day
- +$12.02
- 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 tradeXYZ live order book, 12 min ago | 1.02 bp | 10.2 bp −$10 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.09cheapestOndo Perps442.18+0.020%KuCoin442.30+0.048%
Coinbase International
Ondo Perps
KuCointradeXYZ442.31+0.050%
Bitget442.32+0.052%Vest442.32+0.052%HTX442.34+0.057%SoDEX442.35+0.059%Gate442.39+0.068%Bybit442.40+0.070%Polymarket Perps442.43+0.077%Lighter RH442.54+0.102%OKX442.59+0.113%Phemex442.59+0.113%SunX442.60+0.115%Binance442.62+0.120%Phoenix442.64+0.124%Orderly442.66+0.129%
Bitget
Vest
HTX
SoDEX
Gate
Bybit
Polymarket Perps
Lighter RH
OKX
Phemex
SunX
Binance
Phoenix
OrderlyDeribit442.67+0.131%
Extended442.67+0.132%Aevo442.68+0.134%BloFin442.76+0.152%Variational Omni442.79+0.159%edgeX442.80+0.161%Lighter443.07+0.222%Aster443.08+0.223%Injective447.28+1.174%
Extended
Aevo
BloFin
Variational Omni
Lighter
Aster
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 | −0.050% | −0.0024% | 1h | $357K | $84K | 10x | as long as short |
| Ondo Perps TSM-USD.P | −0.029% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| KuCoin TSMUSDTM | −0.002% | +0.0100% | 8h | $271K | $302K | 20x | as long as short |
| tradeXYZ xyz:TSMlong | 0.000% | +0.0050% | 1h | $10.3M | $2.2M | 10x | |
| Bitget TSMUSDT | +0.002% | +0.0117% | 8h | $1.6M | $1.4M | 20x | as long as short |
| Vest TSM-USD-PERP | +0.002% | +0.0046% | 1h | — | — | 25x | as long as short |
| HTX TSM-USDT | +0.007% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| SoDEX TSM-USD | +0.009% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| Gate TSM_USDT | +0.018% | 0.0000% | 8h | $1.7M | $808K | 100x | as long as short |
| Bybit TSMUSDT | +0.020% | 0.0000% | 8h | $2.0M | $346K | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps TSM-USD | +0.027% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| Lighter RH TSM | +0.052% | +0.0032% | 1h | $200K | $982K | 10x | as long as short |
| OKX TSM-USDT-SWAP | +0.063% | 0.0000% | 8h | $3.9M | $2.7M | 20x | as long as short |
| Phemex TSMUSDT | +0.063% | 0.0000% | 8h | $1.5M | $393K | 10x | as long as short |
| SunX TSM-USDT | +0.066% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| Binance TSMUSDT | +0.070% | 0.0000% | 8h | $13.1M | $5.9M | 20x | as long as short |
| Phoenix TSM | +0.075% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.079% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Deribit TSM_USDC-PERPETUALshort | +0.081% | +0.0451% | 1h | $4 | $61K | 10x | |
| Extended TSM-USD | +0.082% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| Aevo TSM-PERP | +0.084% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| BloFin TSM-USDT | +0.102% | +0.0018% | 8h | $45K | $89K | 20x | as long as short |
| Variational Omni TSM | +0.109% | 0.0000% | 8h | $558K | $81K | — | as long as short |
| edgeX TSMUSDC | +0.111% | +0.0047% | 4h | $48K | $214K | 10x | as long as short |
| Lighter TSM | +0.172% | +0.0032% | 1h | $500K | $128K | 10x | as long as short |
| Aster TSMUSDT | +0.173% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +1.124% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |