Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against Aster−0.067%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.067%, 7d avg −0.108%

Together, before fees−0.096%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.042% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TIAUSDT	0.4311	0.0100	pay 0.0050% / 4h	2h 51m	$34K	$272K	10x
Short	Extended TIA-USD	0.4308	0.0104	get 0.0013% / 1h	51m 34s	$71K	$156K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0.84
Price spread: −0.067% → −0.108%: $4.17
Slippage, 4 orders: −$29.44
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.43
Costs to cover: 0.424%
Break-even: 318.9 days

Slippage from Aster: live order book, 35 min ago; Extended: live order book, 34 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 Aster live order book, 35 min ago	4.61 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	3.47 bp	6.8 bp −$7	doesn't fit	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
Bybit TIAUSDT	−0.0609%	4h	0.4307	−0.087%	$9.4M	$13.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4311	+0.009%	$355K	$239K	50x	as long as short
ApeX Omni TIAUSDT	−0.0272%	1h	0.4286	−0.574%	$48K	$235K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0214%	1h	0.4311	+0.006%	$30K	$27K	25x	as long as short
Backpack TIA_USDC_PERP	−0.0174%	1h	0.4310	−0.027%	$102K	$158K	10x	as long as short
Gate TIA_USDT	−0.0118%	4h	0.4309	−0.041%	$996K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0010%	4h	0.4307	−0.087%	$2.7M	$5.8M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4312	+0.022%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0004%	4h	0.4303	−0.180%	$4.1M	$8.6M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4313	+0.059%	$127K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4309	−0.041%	$5K	$360K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4287	−0.540%	$96K	$81K	—	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4315	+0.106%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDTlong	+0.0100%	4h	0.4311	long leg	$34K	$272K	10x
Binance TIAUSDT	+0.0100%	4h	0.4309	−0.045%	$14.1M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4312	+0.029%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4310	−0.017%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4309	−0.041%	—	$6.5M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4309	−0.041%	$73K	$15K	50x	as long as short
Extended TIA-USDshort	+0.0104%	1h	0.4308	−0.067%	$71K	$156K	25x
Aevo TIA-PERP	+0.0104%	1h	0.4317	+0.143%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4306	−0.112%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4315	+0.099%	$48K	$71K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4293	−0.412%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4310	−0.017%	$995K	$510K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4312	+0.036%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0787%	1h	0.4310	−0.017%	$51K	$59	10x	as long as short