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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.029%
Price spread now: Lighter against ApeX Omni+0.358%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$580.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 3 days (all we have)−0.619%−$62 · spread now +0.358%, 7d avg +0.037%
Together, before fees−0.658%+ Points / potential airdropLighter: Season 3 · farm board−$66 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.321% dearer against ApeX Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TIAUSDT0.43250.0085pay 0.0011% / 1h28m 52s$49K$236K50x
ShortLighter TIA0.43400.0096get 0.0012% / 1h28m 52s$128K$351K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$2.28
Price spread: +0.358% → +0.037%
$32.1
Slippage, 4 orders
−$48.29
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$23.91
Costs to cover
0.583%
Break-even
80.2 days
Slippage from ApeX Omni: live order book, 52 min ago; Lighter: live order book, 46 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, 52 min ago9.23 bp17.6 bp −$18120.6 bp −$1,206doesn't fitdoesn't fit
Sell Lighter live order book, 46 min ago1.85 bp9.5 bp −$973.6 bp −$736306.4 bp −$30.6Kdoesn'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
Kraken Futures PF_TIAUSD−0.0228%1h0.4337+0.286%$355K$242K50xas long as short
OKX TIA-USDT-SWAP−0.0083%4h0.4332+0.162%$2.7M$5.9M50xas long as short
KuCoin TIAUSDTM−0.0042%4h0.4334+0.208%$4.2M$8.6M50xas long as short
Gate TIA_USDT−0.0038%4h0.4334+0.208%$996K$1.8M75xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4337+0.277%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4336+0.259%$1K150xas long as short
ApeX Omni TIAUSDTlong+0.0085%1h0.4325long leg$49K$236K50x
Variational Omni TIA+0.0095%4h0.4324−0.024%$101K$84Kas long as short
Lighter TIAshort+0.0096%1h0.4340+0.358%$128K$351K10x
Orderly PERP_TIA_USDC+0.0097%4h0.4335+0.231%$5K$362K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4343+0.416%$4.2M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4334+0.207%$35K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4337+0.285%$14.6M$41.9M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4334+0.208%$9.5M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4337+0.277%$14.0M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4336+0.254%$4.5M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4336+0.254%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4339+0.312%$100K$149K10xas long as short
HTX TIA-USDT+0.0100%4h0.4337+0.277%$65K$42K50xas long as short
Extended TIA-USD+0.0104%1h0.4334+0.202%$57K$170K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4336+0.253%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4333+0.185%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4330+0.122%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4339+0.324%$47K$74K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4337+0.277%$1.1M$557K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0457% / S −0.3505%1h0.4336+0.257%$35K100xas long as short
dYdX TIA-USD+0.0708%1h0.4332+0.162%$51K$5910xas long as short