Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.025%

Price spread now: Bybit against ApeX Omni−0.640%79s7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as 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−$570.567% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.426%+$43 · spread now −0.640%, 7d avg −0.062%

Together, before fees+0.418%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.578% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.640% now, against its 7-day average of −0.062%). If the spread goes back, that is −$58 on $10k: about 13 days of funding at the current rate (+$4 a day). The two prices were read 79 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	0.4376	−0.0048	get 0.0006% / 1h	8m 04s	$50K	$230K	50x
Short	Bybit TIAUSDT	0.4348	0.0100	get 0.0050% / 4h	3h 08m	$9.8M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.640%Rate

Funding earned: $30.98
Price spread: −0.640% → −0.062%: −$57.77
Slippage, 4 orders: −$35.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.53
Costs to cover: 0.567%
Break-even: 25.9 days

Slippage from ApeX Omni: live order book, 43 min ago; Bybit: 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, 43 min ago	7.90 bp	15.8 bp −$16	116.6 bp −$1,166	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.14 bp	13.4 bp −$13	34.7 bp −$347	163.5 bp −$16.3K	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
ApeX Omni TIAUSDTlong	−0.0048%	1h	0.4376	long leg	$50K	$230K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4352	−0.548%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4352	−0.550%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4355	−0.473%	$154K	$422K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4349	−0.617%	$6K	$255K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4353	−0.523%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	−0.617%	$33K	$242K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4349	−0.609%	$13.8M	$43.8M	75x	as long as short
Bybit TIAUSDTshort	+0.0100%	4h	0.4348	−0.640%	$9.8M	$13.6M	50x
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4347	−0.663%	$2.8M	$6.3M	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	0.4352	−0.548%	$988K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4350	−0.594%	$11.1M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4349	−0.617%	$4.2M	$9.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4348	−0.640%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4348	−0.640%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4350	−0.585%	$102K	$169K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4361	−0.350%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4352	−0.548%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4348	−0.649%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4350	−0.583%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4349	−0.627%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0271%	1h	0.4382	+0.137%	$25K	$11K	12x	as long as short
Kraken Futures PF_TIAUSD	+0.0333%	1h	0.4348	−0.634%	$345K	$205K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4353	−0.526%	$1.7M	$714K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0359% / S −0.0613%	1h	0.4352	−0.550%	$23K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4359	−0.388%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0419%	1h	0.4353	−0.521%	$52K	$139	10x	as long as short