Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0394%/8h= +43.2% APRpaid last 24h +0.103%

Price spread now: BloFin against ApeX Omni−0.297%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.243%+$24 on $10k

Price spread, last 3 days (all we have)+0.426%+$43 · spread now −0.297%, 7d avg +0.028%

Together, before fees+0.669%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.325% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.297% now, against its 7-day average of +0.028%). If the spread goes back, that is −$32 on $10k: about 2.7 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.243% in total) that is about 9.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.243% in total (about 12.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TIAUSDT	0.4384	−0.0054	get 0.0007% / 1h	47m 17s	$49K	$234K	50x
Short	BloFin TIA-USDT	0.4371	0.0340	get 0.0170% / 4h	47m 17s	$1.1M	$568K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.297%Rate

Funding earned: $82.79
Price spread: −0.297% → +0.028%: −$32.47
Slippage, 4 orders: −$29.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.74
Costs to cover: 0.511%
Break-even: 7.1 days

Slippage from ApeX Omni: live order book, 29 min ago; BloFin: live order book, 5 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, 29 min ago	5.77 bp	14.1 bp −$14	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.14 bp	14.0 bp −$14	19.5 bp −$195	58.2 bp −$5,818	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
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4373	−0.249%	$359K	$245K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0148%	4h	0.4365	−0.433%	$2.8M	$6.0M	50x	as long as short
ApeX Omni TIAUSDTlong	−0.0054%	1h	0.4384	long leg	$49K	$234K	50x
KuCoin TIAUSDTM	−0.0024%	4h	0.4368	−0.365%	$4.2M	$8.6M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4370	−0.319%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4371	−0.292%	$1K	—	150x	as long as short
Gate TIA_USDT	+0.0052%	4h	0.4370	−0.319%	$989K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4376	−0.180%	$140K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4368	−0.365%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4374	−0.219%	$4.3M	$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	0.4374	−0.234%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4369	−0.353%	$14.5M	$42.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4368	−0.365%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4368	−0.365%	$13.6M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4368	−0.365%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4368	−0.365%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4377	−0.153%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4382	−0.047%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4363	−0.479%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4367	−0.395%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4369	−0.336%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4367	−0.388%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.114%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4384	0.000%	$27K	$10K	12x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4371	−0.297%	$1.1M	$568K	75x
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4370	−0.323%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0608%	1h	0.4377	−0.151%	$52K	$59	10x	as long as short