Spread before costs (cost unknown: a leg has no order-book sample)+0.005%
7d average+0.023%if it closes, per $10,000$0funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TSM | 443.01 | 0 | get 0.0000% / 8h | 6h 48m | $559K | $81K | — |
| Short | Phemex TSMUSDT | 443.03 | 0 | get 0.0000% / 8h | 6h 48m | $1.5M | $398K | 10x |
Variational Omni TSM
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
- $0.45
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$11.55
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Phemex: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 57 min ago | 2.70 bp | doesn't fit | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.14 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
TSM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International442.09cheapesttradeXYZ442.45+0.081%Vest442.48+0.088%Polymarket Perps442.53+0.100%SoDEX442.53+0.100%Bybit442.54+0.102%KuCoin442.55+0.104%Gate442.58+0.111%Deribit442.60+0.115%HTX442.67+0.131%Bitget442.68+0.133%OKX442.71+0.140%Orderly442.71+0.140%Binance442.74+0.147%Lighter RH442.75+0.149%Aevo442.77+0.154%Extended442.83+0.166%BloFin442.83+0.167%Ondo Perps442.84+0.170%SunX442.88+0.179%
Coinbase International
tradeXYZ
Vest
Polymarket Perps
SoDEX
Bybit
KuCoin
Gate
Deribit
HTX
Bitget
OKX
Orderly
Binance
Lighter RH
Aevo
Extended
BloFin
Ondo Perps
SunXVariational Omni443.01+0.208%
Phemex443.03+0.213%
Phoenix443.14+0.238%Aster443.24+0.260%Lighter443.33+0.280%edgeX443.36+0.288%Injective447.58+1.242%
Phoenix
Aster
Lighter
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 | −0.208% | −0.0048% | 1h | $357K | $84K | 10x | as long as short |
| tradeXYZ xyz:TSM | −0.126% | +0.0050% | 1h | $10.3M | $2.2M | 10x | as long as short |
| Vest TSM-USD-PERP | −0.120% | +0.0046% | 1h | — | — | 25x | as long as short |
| Polymarket Perps TSM-USD | −0.108% | +0.0050% | 1h | $187K | $82K | 10x | as long as short |
| SoDEX TSM-USD | −0.108% | +0.0050% | 1h | $148 | $3K | 10x | as long as short |
| Bybit TSMUSDT | −0.106% | 0.0000% | 8h | $2.0M | $348K | 50x | as long as short |
| KuCoin TSMUSDTM | −0.104% | +0.0100% | 8h | $272K | $300K | 20x | as long as short |
| Gate TSM_USDT | −0.097% | 0.0000% | 8h | $1.7M | $803K | 100x | as long as short |
| Deribit TSM_USDC-PERPETUAL | −0.093% | 0.0000% | 1h | $97 | $61K | 10x | as long as short |
| HTX TSM-USDT | −0.077% | 0.0000% | 8h | $9K | $8K | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.074% | +0.0100% | 8h | $1.6M | $1.4M | 20x | as long as short |
| OKX TSM-USDT-SWAP | −0.068% | 0.0000% | 8h | $3.9M | $2.8M | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | −0.068% | +0.0100% | 8h | $21 | — | 10x | as long as short |
| Binance TSMUSDT | −0.061% | 0.0000% | 8h | $13.1M | $6.0M | 20x | as long as short |
| Lighter RH TSM | −0.059% | +0.0032% | 1h | $201K | $889K | 10x | as long as short |
| Aevo TSM-PERP | −0.054% | +0.0104% | 1h | $124 | — | 10x | as long as short |
| Extended TSM-USD | −0.042% | 0.0000% | 1h | $2K | $167K | 10x | as long as short |
| BloFin TSM-USDT | −0.041% | +0.0010% | 8h | $45K | $90K | 20x | as long as short |
| Ondo Perps TSM-USD.P | −0.038% | +0.0050% | 1h | $157K | $17K | 10x | as long as short |
| SunX TSM-USDT | −0.029% | 0.0000% | 8h | $2K | $5.3M | 10x | as long as short |
| Variational Omni TSMlong | 0.000% | 0.0000% | 8h | $559K | $81K | — | |
| Phemex TSMUSDTshort | +0.005% | 0.0000% | 8h | $1.5M | $398K | 10x | |
| Phoenix TSM | +0.029% | +0.0181% | 1h | $216K | $5K | 10x | as long as short |
| Aster TSMUSDT | +0.052% | 0.0000% | 8h | $81K | $1K | 20x | as long as short |
| Lighter TSM | +0.072% | +0.0328% | 1h | $501K | $147K | 10x | as long as short |
| edgeX TSMUSDC | +0.080% | −0.0802% | 4h | $48K | $215K | 10x | as long as short |
| Injective TSM/USDC PERP | +1.032% | +0.0220% | 1h | $7K | $38K | 12x | as long as short |