Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.008%

Price spread now: KuCoin against ApeX Omni−0.546%97s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as 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−$920.919% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.546%, 7d avg −0.029%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.518% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.546% now, against its 7-day average of −0.029%). If the spread goes back, that is −$52 on $10k: about 18 days of funding at the current rate (+$3 a day). The two prices were read 97 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	0.4393	0.0006	pay 0.0001% / 1h	53m 53s	$51K	$219K	50x
Short	KuCoin TIAUSDTM	0.4369	0.0100	get 0.0050% / 4h	1h 53m	$4.2M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.546%Rate

Funding earned: $19.74
Price spread: −0.546% → −0.029%: −$51.75
Slippage, 4 orders: −$69.9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$123.91
Costs to cover: 0.919%
Break-even: 50.9 days

Slippage from ApeX Omni: live order book, 55 min ago; KuCoin: live order book, 3 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, 55 min ago	5.69 bp	13.9 bp −$14	113.2 bp −$1,132	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.28 bp	38.7 bp −$39	111.4 bp −$1,114	doesn't fit	doesn't fit

TIA on 27 exchanges

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 −0.5414% / S +0.0229%	1h	0.4372	−0.485%	$5K	—	100x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0436%	1h	0.4370	−0.524%	$32K	$20K	25x	as long as short
Bybit TIAUSDT	−0.0322%	4h	0.4370	−0.524%	$9.6M	$14.4M	50x	as long as short
Injective TIA/USDC PERP	−0.0275%	1h	0.4374	−0.433%	$83K	$165K	12x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4372	−0.489%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTlong	+0.0006%	1h	0.4393	long leg	$51K	$219K	50x
dYdX TIA-USD	+0.0008%	1h	0.4375	−0.417%	$52K	$139	10x	as long as short
Variational Omni TIA	+0.0082%	4h	0.4376	−0.378%	$102K	$100K	—	as long as short
Kraken Futures PF_TIAUSD	+0.0083%	1h	0.4371	−0.492%	$366K	$215K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4377	−0.362%	$191K	$434K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4371	−0.501%	$6K	$187K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4376	−0.382%	$4.6M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4372	−0.478%	$31K	$238K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4372	−0.475%	$14.0M	$48.6M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4369	−0.546%	$2.7M	$6.7M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4371	−0.501%	$1.0M	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4372	−0.478%	$10.5M	$14.4M	300x	as long as short
KuCoin TIAUSDTMshort	+0.0100%	4h	0.4369	−0.546%	$4.2M	$10.4M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4369	−0.546%	$4.4M	$4.2M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4371	−0.501%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4369	−0.537%	$101K	$175K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4377	−0.364%	$58K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4370	−0.534%	$55K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4370	−0.512%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4368	−0.580%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4374	−0.433%	$1.5M	$687K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4407	+0.319%	$53K	$109K	50x	as long as short