Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.026%

Price spread now: BingX against ApeX Omni−0.155%83s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as 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−$760.756% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.284%−$28 · spread now −0.155%, 7d avg −0.030%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.125% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.030%). If the spread goes back, that is −$12 on $10k: about 4.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.058% in total) that is about 15 days. The two prices were read 83 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	0.4513	0.0008	pay 0.0001% / 1h	18m 11s	$52K	$224K	50x
Short	BingX TIA-USDC	0.4506	0.0100	get 0.0050% / 4h	3h 18m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $19.22
Price spread: −0.155% → −0.030%: −$12.48
Slippage, 4 orders: −$55.62
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$68.88
Costs to cover: 0.756%
Break-even: 32.1 days

Slippage from ApeX Omni: live order book, 13 min ago; BingX: live order book, 2 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, 13 min ago	8.96 bp	16.7 bp −$17	118.5 bp −$1,185	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.22 bp	23.6 bp −$24	70.1 bp −$701	502.9 bp −$50.3K	768.5 bp −$384.2K

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
GMX TIA/USD [ETH-USDC]	L −0.3223% / S +0.0155%	1h	0.4503	−0.232%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0111%	1h	0.4507	−0.129%	$355K	$206K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4507	−0.133%	$31K	$23K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4503	−0.218%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTlong	+0.0008%	1h	0.4513	long leg	$52K	$224K	50x
OKX TIA-USDT-SWAP	+0.0037%	4h	0.4506	−0.155%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4510	−0.066%	$83K	$136K	12x	as long as short
Lighter TIA	+0.0096%	1h	0.4514	+0.020%	$196K	$469K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4506	−0.155%	$7K	$214K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4515	+0.042%	$4.9M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4509	−0.098%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4508	−0.119%	$14.6M	$49.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4506	−0.155%	$10.2M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4505	−0.177%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4508	−0.111%	$11.3M	$14.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4505	−0.177%	$4.3M	$10.2M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4505	−0.177%	$4.5M	$4.1M	75x	as long as short
BingX TIA-USDCshort	+0.0100%	4h	0.4506	−0.155%	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4509	−0.089%	$104K	$171K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4509	−0.092%	$138K	$77K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4499	−0.310%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4504	−0.207%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4508	−0.114%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0112%	1h	0.4502	−0.236%	$53K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4498	−0.328%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4501	−0.266%	$1.7M	$780K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4515	+0.044%	$54K	$102K	50x	as long as short