Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.019%

Price spread now: OKX against ApeX Omni−0.114%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.114%, 7d avg −0.055%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.059% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TIAUSDT	0.4370	0.0036	pay 0.0005% / 1h	43m 02s	$49K	$234K	50x
Short	OKX TIA-USDT-SWAP	0.4365	−0.0146	pay 0.0073% / 4h	43m 02s	$2.8M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$38.34
Price spread: −0.114% → −0.055%: −$5.91
Slippage, 4 orders: −$37.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$101.71
Costs to cover: 0.575%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; OKX: 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, 33 min ago	5.77 bp	14.1 bp −$14	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.14 bp	15.3 bp −$15	41.5 bp −$415	doesn't fit	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
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4371	+0.029%	$359K	$245K	50x	as long as short
OKX TIA-USDT-SWAPshort	−0.0146%	4h	0.4365	−0.114%	$2.8M	$6.0M	50x
KuCoin TIAUSDTM	−0.0020%	4h	0.4369	−0.023%	$4.2M	$8.6M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4369	−0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4372	+0.051%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTlong	+0.0036%	1h	0.4370	long leg	$49K	$234K	50x
Gate TIA_USDT	+0.0058%	4h	0.4371	+0.023%	$989K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4375	+0.108%	$140K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4371	+0.023%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4375	+0.119%	$4.3M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4372	+0.047%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4369	−0.023%	$14.5M	$42.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4368	−0.046%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4368	−0.046%	$13.6M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4367	−0.069%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4368	−0.046%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4369	−0.014%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4373	+0.068%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4371	+0.023%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4366	−0.098%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4369	−0.027%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4367	−0.080%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.435%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4377	+0.160%	$27K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4370	0.000%	$1.1M	$568K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4371	+0.020%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0593%	1h	0.4372	+0.056%	$52K	$59	10x	as long as short