Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.026%

Price spread now: Binance against ApeX Omni−0.153%109s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.481% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.153%, 7d avg +0.001%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.154% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of +0.001%). If the spread goes back, that is −$15 on $10k: about 5.9 days of funding at the current rate (+$3 a day). The two prices were read 109 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	ApeX Omni TIAUSDT	0.4355	0.0012	pay 0.0002% / 1h	35m 38s	$50K	$226K	50x
Short	Binance TIAUSDT	0.4348	0.0100	get 0.0050% / 4h	1h 35m	$13.6M	$47.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.153%Rate

Funding earned: $18.4
Price spread: −0.153% → +0.001%: −$15.4
Slippage, 4 orders: −$28.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.12
Costs to cover: 0.481%
Break-even: 24.2 days

Slippage from ApeX Omni: live order book, 6 min ago; Binance: live order book, 6 min ago.

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 ApeX Omni live order book, 6 min ago	5.74 bp	15.6 bp −$16	106.4 bp −$1,064	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.29 bp	8.8 bp −$9	19.9 bp −$199	95.1 bp −$9,512	doesn't fit

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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4346	−0.207%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4346	−0.208%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTlong	+0.0012%	1h	0.4355	long leg	$50K	$226K	50x
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4345	−0.230%	$2.7M	$6.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4353	−0.037%	$150K	$425K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4346	−0.207%	$7K	$252K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4355	0.000%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	−0.138%	$32K	$247K	10x	as long as short
Binance TIAUSDTshort	+0.0100%	4h	0.4348	−0.153%	$13.6M	$47.5M	75x
Bybit TIAUSDT	+0.0100%	4h	0.4346	−0.207%	$9.8M	$14.0M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4348	−0.161%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4348	−0.161%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4345	−0.230%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4344	−0.253%	$4.3M	$3.8M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4346	−0.207%	—	$103.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4347	−0.177%	$100K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4345	−0.224%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4352	−0.069%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4344	−0.248%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4345	−0.230%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0110% / S +0.0053%	1h	0.4346	−0.197%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4348	−0.161%	$345K	$201K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4356	+0.023%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4342	−0.301%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0324%	1h	0.4349	−0.135%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4354	−0.023%	$1.6M	$702K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+0.918%	$47K	$87K	50x	as long as short