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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against Aster+0.120%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$850.850% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.010%−$1 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.120%, 7d avg +0.047%
Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$7 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: Hyperliquid is 0.074% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TIAUSDT0.43370.0100pay 0.0050% / 4h1h 39m$35K$267K10x
ShortHyperliquid TIA0.43420.0100get 0.0013% / 1h39m 06s$4.2M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.120% → +0.047%
$7.36
Slippage, 4 orders
−$68.01
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$77.65
Costs to cover
0.850%
Break-even
never at this rate
Slippage from Aster: live order book, 43 min ago; Hyperliquid: live order book, 3 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 Aster live order book, 43 min ago4.61 bp14.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.81 bp12.9 bp −$13doesn't fitdoesn't fitdoesn'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%1h0.4339+0.042%$355K$243K50xas long as short
OKX TIA-USDT-SWAP−0.0032%4h0.4334−0.073%$2.7M$5.9M50xas long as short
KuCoin TIAUSDTM−0.0032%4h0.4336−0.027%$4.2M$8.5M50xas long as short
Gate TIA_USDT−0.0014%4h0.4335−0.050%$996K$1.8M75xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4339+0.042%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4341+0.097%$1K150xas long as short
Variational Omni TIA+0.0090%4h0.4337−0.004%$101K$84Kas long as short
Lighter TIA+0.0096%1h0.4341+0.079%$128K$351K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4339+0.042%$5K$361K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4342+0.120%$4.2M$1.5M5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDTlong+0.0100%4h0.4337long leg$35K$267K10x
Binance TIAUSDT+0.0100%4h0.4336−0.025%$14.6M$41.9M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4336−0.027%$9.5M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4337−0.004%$14.1M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4336−0.027%$4.5M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4335−0.050%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4338+0.016%$100K$149K10xas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4339+0.042%$49K$236K50xas long as short
HTX TIA-USDT+0.0100%4h0.4335−0.050%$64K$41K50xas long as short
Extended TIA-USD+0.0104%1h0.4335−0.056%$57K$171K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4340+0.056%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4342+0.111%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4338+0.021%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4339+0.042%$47K$74K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4340+0.065%$1.1M$550K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0457% / S −0.3505%1h0.4341+0.099%$35K100xas long as short
dYdX TIA-USD+0.0719%1h0.4339+0.051%$52K$5910xas long as short