ArbiLayer

TSM arbitrage

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Live Taiwan Semiconductor Manufacturing • Robinhood Token price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.08%Bybit → Aster · Perp–Perp
Best perp–perp spread+0.08%Bybit → Aster
Markets tracked99 venues · 9 perp · 0 spot · 0 DEX
Price range0.31%$475.29 – $476.76

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$475.33Aster logoAster$475.69 +0.08%-0.08% +0.09%— +0.045%— LS Chart →
Bybit logoBybit$475.33OKX logoOKX$475.64 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Bybit logoBybit$475.33Gate logoGate$475.60 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
Bybit logoBybit$475.33Binance logoBinance$475.59 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Bitget logoBitget$475.51Aster logoAster$475.69 +0.04%-0.12% +0.05%— +0.045%— LS Chart →
Bybit logoBybit$475.33Bitget logoBitget$475.48 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Bitget logoBitget$475.51OKX logoOKX$475.64 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Bitget logoBitget$475.51Gate logoGate$475.60 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Bitget logoBitget$475.51Binance logoBinance$475.59 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Variational logoVariational$475.61Aster logoAster$475.69 +0.02%-0.14% +0.03%— +0.045%— LS Chart →
Bybit logoBybit$475.33KuCoin logoKuCoin$475.40 +0.01%-0.15% +0.01%— 0.000%— LS Chart →
Gate logoGate$475.62Aster logoAster$475.69 +0.01%-0.15% +0.03%— +0.045%— LS Chart →
Bybit logoBybit$475.33Variational logoVariational$475.38 +0.01%-0.15% +0.01%— 0.000%— LS Chart →
OKX logoOKX$475.65Aster logoAster$475.69 +0.01%-0.15% +0.02%— +0.045%— LS Chart →
HTX logoHTX$475.65Aster logoAster$475.69 +0.01%-0.15% +0.02%— +0.045%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

TSM price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · TSM-USDT-SWAPPerpetual $475.64$475.65$475.65+0.01% 0.000%$1.79M
KuCoin logoKuCoinPerpetual · TSMUSDTMPerpetual $475.40$475.96$475.68+0.01% 0.000%$1.67M
Bitget logoBitgetPerpetual · TSMUSDTPerpetual $475.48$475.51$475.50-0.02% 0.000%$969.7K
Bybit logoBybitPerpetual · TSMUSDTPerpetual $475.26$475.33$475.29-0.07% 0.000%$723.8K
Variational logoVariationalPerpetual · TSMPerpetual $475.38$475.61$475.50-0.02% 0.000%$596.3K
Gate logoGatePerpetual · TSM_USDTPerpetual $475.60$475.62$475.610.00% 0.000%$206.3K
HTX logoHTXPerpetual · TSM-USDTPerpetual $475.13$475.65$475.39-0.05% 0.000%$26.7K
Binance logoBinancePerpetual · TSMUSDTPerpetual $475.59$475.66$475.63+0.00% 0.000%—
Aster logoAsterPerpetual · TSMUSDTPerpetual $475.69$477.82$476.76+0.24% +0.045%—
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

TSM arbitrage explained

Right now Taiwan Semiconductor Manufacturing • Robinhood Token (TSM) trades on 9 venues we scan: 9 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $475.33 and the highest bid on Aster perp at $475.69.

The widest TSM perpetual spread is between Bybit and Aster: long TSM on Bybit at $475.33 and short on Aster at $475.69 for +0.08% gross, or -0.08% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.045% per day, which the position collects while it is open.

Small TSM gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: TSM funding rates · TSM spread charts · Taiwan Semiconductor Manufacturing • Robinhood Token price · arbitrage scanner for all coins.

Is there a TSM arbitrage opportunity right now?

The best TSM route right now is to buy on Bybit → sell on Aster (Perp–Perp): +0.08% gross and -0.08% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest TSM?

Bybit (perp) has the lowest TSM ask at $475.33, and Aster (perp) the highest bid at $475.69. Prices update every 15 seconds on this page.

How many exchanges list TSM?

ArbiLayer tracks 9 TSM markets on 9 venues: 9 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage TSM without transferring coins?

Use two perpetual contracts: go long TSM on the cheaper exchange (Bybit now) and short it on the more expensive one (Aster), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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