Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h −0.007%

Price spread now: Bybit against Aevo−0.086%49s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.086% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TIA-PERP	0.4309	0.0104	pay 0.0013% / 1h	34m 30s	$7K	—	3x
Short	Bybit TIAUSDT	0.4305	−0.0366	pay 0.0183% / 4h	2h 34m	$9.3M	$13.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$98.77
Price spread: −0.086% → 0.000%: −$8.61
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$134.38
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.16 bp	13.6 bp −$14	39.3 bp −$393	177.2 bp −$17.7K	doesn't fit

Aevo: 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.

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4311	+0.064%	$355K	$239K	50x	as long as short
Bybit TIAUSDTshort	−0.0366%	4h	0.4305	−0.086%	$9.3M	$13.0M	50x
ApeX Omni TIAUSDT	−0.0138%	1h	0.4305	−0.086%	$48K	$235K	50x	as long as short
Gate TIA_USDT	−0.0076%	4h	0.4306	−0.063%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0019%	4h	0.4306	−0.063%	$2.7M	$5.7M	50x	as long as short
KuCoin TIAUSDTM	−0.0008%	4h	0.4305	−0.086%	$4.1M	$8.6M	50x	as long as short
Variational Omni TIA	−0.0003%	4h	0.4302	−0.148%	$101K	$85K	—	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4310	+0.030%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4310	+0.024%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0035%	1h	0.4309	+0.004%	$102K	$150K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4313	+0.088%	$127K	$353K	10x	as long as short
Aster TIAUSDT	+0.0098%	4h	0.4310	+0.027%	$34K	$272K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4307	−0.040%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4314	+0.116%	$4.2M	$1.5M	5x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4309	+0.003%	$14.0M	$41.0M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4308	−0.016%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4308	−0.016%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4307	−0.040%	—	$101.0M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4307	−0.040%	$73K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4307	−0.051%	$58K	$169K	25x	as long as short
Aevo TIA-PERPlong	+0.0104%	1h	0.4309	long leg	$7K	—	3x
Reya TIARUSDPERP	+0.0178%	1h	0.4306	−0.065%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4322	+0.308%	$48K	$71K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4300	−0.202%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4305	−0.086%	$1.0M	$514K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4310	+0.026%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0788%	1h	0.4308	−0.019%	$51K	$59	10x	as long as short