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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%
Price spread now: BingX against Backpack−0.030%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.477% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.030%, 7d avg −0.014%
Together, before fees+0.118%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TIA_USDC_PERP0.43270.0100pay 0.0013% / 1h15m 55s$103K$150K10x
ShortBingX TIA-USDT0.43260.0100get 0.0050% / 4h2h 15m$101.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$0
Price spread: −0.030% → −0.014%
−$1.62
Slippage, 4 orders
−$27.74
Fee Backpack: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$49.36
Costs to cover
0.477%
Break-even
never at this rate
Slippage from Backpack: live order book, 7 min ago; BingX: live order book, 8 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 Backpack live order book, 7 min ago1.61 bp12.5 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago1.15 bp8.8 bp −$923.1 bp −$23182.4 bp −$8,241418.2 bp −$209.1K

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−0.0388%1h0.4333+0.125%$356K$239K50xas long as short
Deribit TIA_USDC-PERPETUAL−0.0212%1h0.4329+0.039%$30K$27K25xas long as short
Bybit TIAUSDT−0.0093%4h0.4324−0.076%$9.4M$13.0M50xas long as short
Gate TIA_USDT−0.0054%4h0.4327−0.007%$998K$1.8M75xas long as short
ApeX Omni TIAUSDT−0.0043%1h0.4336+0.201%$49K$235K50xas long as short
OKX TIA-USDT-SWAP−0.0039%4h0.4326−0.030%$2.7M$5.8M50xas long as short
KuCoin TIAUSDTM−0.0022%4h0.4326−0.030%$4.2M$8.6M50xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4330+0.062%$1K150xas long as short
Variational Omni TIA+0.0066%4h0.4334+0.161%$101K$85Kas long as short
Lighter TIA+0.0096%1h0.4332+0.109%$128K$353K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0099%4h0.4328+0.016%$5K$360K10xas long as short
Hyperliquid TIA+0.0100%1h0.4334+0.150%$4.2M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4327−0.015%$35K$272K10xas long as short
Binance TIAUSDT+0.0100%4h0.4328+0.016%$14.1M$41.0M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4328+0.016%$9.1M$5.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4325−0.053%$4.5M$3.5M75xas long as short
BingX TIA-USDTshort+0.0100%4h0.4326−0.030%$101.0M
Backpack TIA_USDC_PERPlong+0.0100%1h0.4327long leg$103K$150K10x
HTX TIA-USDT+0.0100%4h0.4327−0.007%$64K$38K50xas long as short
Extended TIA-USD+0.0104%1h0.4324−0.071%$58K$165K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4327−0.007%$7K3xas long as short
Reya TIARUSDPERP+0.0178%1h0.4325−0.056%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0200%1h0.4345+0.409%$48K$72K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4331+0.086%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4334+0.155%$1.0M$543K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0457% / S −0.3505%1h0.4329+0.042%$35K100xas long as short
dYdX TIA-USD+0.0819%1h0.4334+0.150%$51K$5910xas long as short