Spread before costs (cost unknown: a leg has no order-book sample)−0.140%
7d average−0.066%if it closes, per $10,000$14funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 442.01 | 0 | get 0.0000% / 8h | 7h 41m | $557K | $81K | — |
| Short | Ondo Perps TSM-USD.P | 441.39 | 0.0050 | get 0.0006% / 1h | 41m 34s | $157K | $16K | 10x |
Variational Omni TSM
Ondo Perps TSM-USD.PPrice 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
- −$14.02
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$17.51
- Spread needed to break even
- 0.050%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.51
- 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 Variational Omni RFQ quote, 4 min ago | 2.70 bp | doesn't fit | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 International440.87cheapesttradeXYZ441.23+0.082%KuCoin441.25+0.086%Bybit441.33+0.104%SoDEX441.35+0.109%
Coinbase International
tradeXYZ
KuCoin
Bybit
SoDEXOndo Perps441.39+0.118%
Gate441.41+0.122%Vest441.46+0.134%Lighter RH441.53+0.150%Binance441.54+0.153%Bitget441.55+0.154%Extended441.55+0.154%Polymarket Perps441.58+0.161%HTX441.58+0.161%Lighter441.63+0.172%OKX441.63+0.172%Phemex441.70+0.188%Deribit441.71+0.191%Phoenix441.73+0.195%Aevo441.76+0.201%edgeX441.79+0.209%SunX441.82+0.215%BloFin441.82+0.215%Orderly441.84+0.220%
Gate
Vest
Lighter RH
Binance
Bitget
Extended
Polymarket Perps
HTX
Lighter
OKX
Phemex
Deribit
Phoenix
Aevo
SunX
BloFin
OrderlyVariational Omni442.01+0.259%
Aster442.02+0.261%Injective446.17+1.202%
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 | −0.258% | −0.0024% | 1h | $357K | $82K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.176% | +0.0050% | 1h | $10.3M | $2.1M | 10x | as long as short |
| KuCoin TSMUSDTM | −0.172% | +0.0100% | 8h | $271K | $306K | 20x | as long as short |
| Bybit TSMUSDT | −0.154% | 0.0000% | 8h | $2.0M | $331K | 50x | as long as short |
| SoDEX TSM-USD | −0.149% | +0.0050% | 1h | $146 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.Pshort | −0.140% | +0.0050% | 1h | $157K | $16K | 10x | |
| Gate TSM_USDT | −0.136% | 0.0000% | 8h | $1.7M | $765K | 100x | as long as short |
| Vest TSM-USD-PERP | −0.124% | +0.0046% | 1h | — | — | 25x | as long as short |
| Lighter RH TSM | −0.109% | +0.0032% | 1h | $225K | $947K | 10x | as long as short |
| Binance TSMUSDT | −0.105% | +0.0008% | 8h | $13.0M | $5.7M | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.104% | +0.0140% | 8h | $1.7M | $1.3M | 20x | as long as short |
| Extended TSM-USD | −0.104% | +0.0008% | 1h | $2K | $167K | 10x | as long as short |
| Polymarket Perps TSM-USD | −0.097% | +0.0050% | 1h | $180K | $75K | 10x | as long as short |
| HTX TSM-USDT | −0.097% | 0.0000% | 8h | $9K | $7K | 20x | as long as short |
| Lighter TSM | −0.086% | +0.0032% | 1h | $499K | $101K | 10x | as long as short |
| OKX TSM-USDT-SWAP | −0.086% | 0.0000% | 8h | $3.8M | $2.4M | 20x | as long as short |
| Phemex TSMUSDT | −0.070% | 0.0000% | 8h | $1.5M | $383K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.068% | +0.0339% | 1h | $4 | $61K | 10x | as long as short |
| Phoenix TSM | −0.063% | +0.0200% | 1h | $215K | $5K | 10x | as long as short |
| Aevo TSM-PERP | −0.058% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| edgeX TSMUSDC | −0.049% | −0.0004% | 4h | $48K | $214K | 10x | as long as short |
| SunX TSM-USDT | −0.043% | 0.0000% | 8h | $1K | $5.3M | 10x | as long as short |
| BloFin TSM-USDT | −0.043% | +0.0025% | 8h | $45K | $87K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.038% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Variational Omni TSMlong | 0.000% | 0.0000% | 8h | $557K | $81K | — | |
| Aster TSMUSDT | +0.002% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Injective TSM/USDC PERP | +0.941% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |