Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h −0.040%

Price spread now: Injective against Aster−0.123%47s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 0.123% cheaper against Aster than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.7 days of funding at the current rate (+$3 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TIAUSDT	0.4319	0.0100	pay 0.0050% / 4h	2h 50m	$34K	$272K	10x
Short	Injective TIA/USDC PERP	0.4314	0.0210	get 0.0026% / 1h	50m 38s	$26K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.123%Rate

Funding earned: $23.02
Price spread: −0.123% → 0.000%: −$12.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $2.75
Costs to cover: 0.080%
Break-even: 6.2 days

Slippage unknown: Aster: live order book, 36 min ago; Injective: 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, 36 min ago	4.61 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0623%	4h	0.4312	−0.169%	$9.4M	$13.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4319	−0.018%	$355K	$239K	50x	as long as short
ApeX Omni TIAUSDT	−0.0292%	1h	0.4306	−0.308%	$48K	$235K	50x	as long as short
Backpack TIA_USDC_PERP	−0.0119%	1h	0.4319	−0.004%	$103K	$158K	10x	as long as short
Gate TIA_USDT	−0.0118%	4h	0.4318	−0.030%	$998K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0013%	4h	0.4313	−0.146%	$2.7M	$5.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4318	−0.030%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4317	−0.053%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0004%	4h	0.4318	−0.030%	$4.2M	$8.6M	50x	as long as short
Variational Omni TIA	+0.0050%	4h	0.4309	−0.249%	$96K	$81K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4324	+0.114%	$127K	$353K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4316	−0.076%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4326	+0.146%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDTlong	+0.0100%	4h	0.4319	long leg	$34K	$272K	10x
Binance TIAUSDT	+0.0100%	4h	0.4318	−0.039%	$14.1M	$41.2M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4321	+0.040%	$9.2M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4319	−0.007%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4318	−0.030%	—	$101.0M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4314	−0.123%	$73K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4316	−0.084%	$72K	$156K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4319	−0.014%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4311	−0.182%	$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 PERPshort	+0.0210%	1h	0.4314	−0.123%	$26K	$10K	12x
BloFin TIA-USDT	+0.0340%	4h	0.4317	−0.053%	$995K	$510K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4318	−0.034%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0830%	1h	0.4324	+0.109%	$51K	$59	10x	as long as short