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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0457%/8h= +50.0% APRnext payment +$0.57 per $10,000 · paid last 24h +0.035%
Price spread now: Aevo against Backpack−0.016%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TIA_USDC_PERP0.4291−0.0353get 0.0044% / 1h56m 41s$99K$156K10x
ShortAevo TIA-PERP0.42900.0104get 0.0013% / 1h56m 41s$7K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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
$95.92
Price spread: −0.016% → 0.000%
−$1.56
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
$68.36
Costs to cover
0.260%
Break-even
2.0 days
Slippage unknown: Backpack: live order book, 31 min ago; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 31 min ago1.04 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT−0.0480%4h0.4287−0.084%$9.3M$12.9M50xas long as short
Kraken Futures PF_TIAUSD−0.0392%1h0.4291+0.020%$353K$239K50xas long as short
Backpack TIA_USDC_PERPlong−0.0353%1h0.4291long leg$99K$156K10x
Gate TIA_USDT−0.0152%4h0.4289−0.037%$993K$1.8M75xas long as short
ApeX Omni TIAUSDT−0.0122%1h0.4296+0.126%$48K$235K50xas long as short
KuCoin TIAUSDTM0.0000%4h0.4291+0.009%$4.1M$8.7M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4292+0.033%$36K$22K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4292+0.024%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0007%4h0.4286−0.107%$2.7M$5.7M50xas long as short
Lighter TIA+0.0096%1h0.4296+0.131%$127K$353K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0099%4h0.4290−0.014%$5K$359K10xas long as short
Hyperliquid TIA+0.0100%1h0.4298+0.161%$4.2M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4296+0.116%$34K$279K10xas long as short
Binance TIAUSDT+0.0100%4h0.4292+0.035%$14.0M$41.3M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4292+0.033%$9.0M$5.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4291+0.009%$4.4M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4289−0.037%$101.0Mas long as short
Variational Omni TIA+0.0100%4h0.4298+0.162%$96K$81Kas long as short
HTX TIA-USDT+0.0100%4h0.4309+0.429%$73K$15K50xas long as short
Extended TIA-USD+0.0104%1h0.4287−0.083%$71K$156K25xas long as short
Aevo TIA-PERPshort+0.0104%1h0.4290−0.016%$7K3x
Reya TIARUSDPERP+0.0178%1h0.4287−0.081%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0200%1h0.4309+0.429%$48K$71K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4302+0.266%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4284−0.154%$979K$522K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0424% / S −0.3097%1h0.4293+0.049%$31K100xas long as short
dYdX TIA-USD+0.0778%1h0.4295+0.102%$51K$5910xas long as short