Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.032%

Price spread now: MEXC against ApeX Omni0.000%96s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as 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−$420.418% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.826%−$83 · spread now 0.000%, 7d avg −0.002%

Together, before fees−0.846%−$85 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% 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	0.4405	−0.0147	get 0.0018% / 1h	21m 51s	$50K	$232K	50x
Short	MEXC TIA_USDT	0.4405	0.0100	get 0.0050% / 4h	2h 21m	$12.4M	$6.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $51.84
Price spread: 0.000% → −0.002%: $0.21
Slippage, 4 orders: −$31.77
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.29
Costs to cover: 0.418%
Break-even: 5.6 days

Slippage from ApeX Omni: live order book, 44 min ago; MEXC: live order book, 1 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, 44 min ago	7.97 bp	17.5 bp −$17	137.3 bp −$1,373	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.13 bp	4.1 bp −$4	12.9 bp −$129	68.1 bp −$6,813	111.1 bp −$55.5K

TIA on 26 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	−0.0147%	1h	0.4405	long leg	$50K	$232K	50x
OKX TIA-USDT-SWAP	−0.0063%	4h	0.4403	−0.045%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4408	+0.057%	$360K	$214K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4408	+0.068%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4407	+0.043%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0008%	4h	0.4403	−0.045%	$4.2M	$8.9M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4413	+0.186%	$156K	$407K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4405	0.000%	$5K	$318K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4411	+0.138%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4406	+0.022%	$33K	$245K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4405	0.000%	$14.4M	$42.6M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4401	−0.091%	$9.5M	$13.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4406	+0.023%	$990K	$1.8M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4405	0.000%	$12.4M	$6.8M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4405	0.000%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4405	0.000%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4406	+0.018%	$102K	$160K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4403	−0.039%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4410	+0.114%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4401	−0.083%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4407	+0.045%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4405	+0.002%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0199%	1h	0.4407	+0.050%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.136%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4417	+0.272%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0464% / S −0.3505%	1h	0.4407	+0.042%	$36K	—	100x	as long as short