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 +0.034%
Price spread now: Bitget against Backpack−0.078%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$570.574% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.078%, 7d avg −0.072%
Together, before fees+0.060%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TIA_USDC_PERP0.43620.0100pay 0.0013% / 1h0m 48s$101K$151K10x
ShortBitget TIAUSDT0.43590.0100get 0.0050% / 4h1h 00m$4.5M$3.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.078% → −0.072%
−$0.6
Slippage, 4 orders
−$35.37
Fee Backpack: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$57.98
Costs to cover
0.574%
Break-even
never at this rate
Slippage from Backpack: live order book, 17 min ago; Bitget: live order book, 2 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, 17 min ago1.62 bp14.4 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago1.15 bp14.0 bp −$1438.5 bp −$385doesn'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−0.0227%1h0.4361−0.038%$356K$243K50xas long as short
OKX TIA-USDT-SWAP−0.0145%4h0.4358−0.101%$2.8M$5.9M50xas long as short
KuCoin TIAUSDTM−0.0036%4h0.4359−0.078%$4.2M$8.6M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4361−0.032%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4361−0.026%$1K150xas long as short
Gate TIA_USDT+0.0004%4h0.4361−0.032%$1.0M$1.8M75xas long as short
ApeX Omni TIAUSDT+0.0009%1h0.4354−0.193%$49K$236K50xas long as short
Lighter TIA+0.0096%1h0.4364+0.044%$139K$362K10xas long as short
Orderly PERP_TIA_USDC+0.0097%4h0.4358−0.101%$5K$363K10xas long as short
Variational Omni TIA+0.0100%4h0.4341−0.493%$101K$84Kas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4366+0.078%$4.3M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4362−0.014%$35K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4362−0.005%$14.5M$42.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4360−0.055%$9.5M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4362−0.009%$14.0M$6.8M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4359−0.078%$4.5M$3.5M75x
BingX TIA-USDT+0.0100%4h0.4360−0.055%$99.0Mas long as short
Backpack TIA_USDC_PERPlong+0.0100%1h0.4362long leg$101K$151K10x
HTX TIA-USDT+0.0100%4h0.4354−0.193%$65K$42K50xas long as short
Extended TIA-USD+0.0104%1h0.4359−0.075%$57K$168K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4360−0.044%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4357−0.124%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4356−0.147%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4366+0.083%$48K$73K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4360−0.055%$1.1M$563K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0459% / S −0.3505%1h0.4361−0.034%$36K100xas long as short
dYdX TIA-USD+0.0739%1h0.4359−0.072%$52K$5910xas long as short