Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.031%
Price spread now: Hyperliquid against ApeX Omni+0.096%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.563% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.096%, 7d avg +0.062%
Together, before fees−0.303%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.034% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TIAUSDT0.43630.0012pay 0.0002% / 1h30m 54s$49K$235K50x
ShortHyperliquid TIA0.43670.0100get 0.0013% / 1h30m 54s$4.3M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$18.46
Price spread: +0.096% → +0.062%
$3.39
Slippage, 4 orders
−$37.32
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$34.46
Costs to cover
0.563%
Break-even
20.1 days
Slippage from ApeX Omni: live order book, 45 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 45 min ago5.77 bp14.1 bp −$14103.4 bp −$1,034doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.92 bp10.7 bp −$11doesn't fitdoesn't fitdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TIA-USDT-SWAP−0.0185%4h0.4358−0.115%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0163%1h0.4363−0.001%$358K$246K50xas long as short
KuCoin TIAUSDTM−0.0038%4h0.4359−0.092%$4.2M$8.7M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4364+0.023%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4366+0.061%$1K150xas long as short
ApeX Omni TIAUSDTlong+0.0012%1h0.4363long leg$49K$235K50x
Gate TIA_USDT+0.0072%4h0.4362−0.023%$983K$1.8M75xas long as short
Lighter TIA+0.0096%1h0.4369+0.131%$139K$362K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4364+0.023%$5K$363K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4367+0.096%$4.3M$1.5M5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4364+0.026%$34K$268K10xas long as short
Binance TIAUSDT+0.0100%4h0.4362−0.023%$14.5M$42.4M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4359−0.092%$9.5M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4361−0.046%$13.4M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4360−0.069%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4361−0.046%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4362−0.016%$101K$151K10xas long as short
Variational Omni TIA+0.0100%4h0.4361−0.046%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4379+0.367%$66K$43K50xas long as short
Extended TIA-USD+0.0104%1h0.4359−0.091%$55K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4363−0.011%$7K3xas long as short
Reya TIARUSDPERP+0.0179%1h0.4361−0.039%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0208%1h0.4389+0.596%$51K$77K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4368+0.115%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4361−0.046%$1.2M$571K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0459% / S −0.3505%1h0.4364+0.032%$36K100xas long as short
dYdX TIA-USD+0.0666%1h0.4366+0.079%$52K$5910xas long as short