Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1096%/8h= +120.0% APRpaid last 24h +0.520%

Price spread now: GMX against Aster−0.149%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.149% cheaper against Aster than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 11 hours of funding at the current rate (+$33 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TIAUSDT	0.4406	0.0100	pay 0.0050% / 4h	52m 17s	$32K	$245K	10x
Short	GMX TIA/USD [ETH-USDC]	0.4400	L +0.0494% / S −0.1196%	get 0.0149% / 1h	52m 17s	$40K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.149%Rate

Funding earned: $230.15
Price spread: −0.149% → 0.000%: −$14.89
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $195.26
Costs to cover: 0.200%
Break-even: 1.1 days

Slippage unknown: Aster: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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, 4 min ago	9.07 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0125%	4h	0.4396	−0.231%	$9.7M	$13.4M	50x	as long as short
Variational Omni TIA	−0.0069%	4h	0.4411	+0.104%	$103K	$85K	—	as long as short
KuCoin TIAUSDTM	−0.0010%	4h	0.4397	−0.209%	$4.2M	$9.1M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4400	−0.141%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4400	−0.144%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4405	−0.016%	$156K	$417K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4398	−0.186%	$5K	$282K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4404	−0.043%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDTlong	+0.0100%	4h	0.4406	long leg	$32K	$245K	10x
Binance TIAUSDT	+0.0100%	4h	0.4399	−0.163%	$14.4M	$42.9M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4394	−0.277%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4403	−0.072%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4399	−0.163%	$12.0M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4400	−0.141%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4397	−0.209%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4398	−0.188%	$102K	$156K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4386	−0.458%	$49K	$231K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4410	+0.086%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4395	−0.264%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4399	−0.163%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0151%	1h	0.4403	−0.068%	$52K	$199	10x	as long as short
Kraken Futures PF_TIAUSD	+0.0165%	1h	0.4400	−0.135%	$360K	$196K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4398	−0.178%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4415	+0.200%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4412	+0.132%	$1.6M	$720K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4415	+0.200%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]short	L +0.0494% / S −0.1196%	1h	0.4400	−0.149%	$40K	—	100x