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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: Variational Omni against Backpack−0.054%7-day average −0.016% · 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 3 days (all we have)+0.080%+$8 on $10k
Price spread, last 4 days (all we have)+1.012%+$101 · spread now −0.054%, 7d avg −0.016%
Together, before fees+1.093%+ Points / potential airdropVariational Omni: Active · farm board+$109 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: Variational Omni is 0.039% cheaper against Backpack than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TIA_USDC_PERP0.43770.0100pay 0.0013% / 1h32m 57s$101K$165K10x
ShortVariational Omni TIA0.43750.0100get 0.0050% / 4h2h 32m$102K$84K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: −0.054% → −0.016%
−$3.88
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$13.88
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Backpack: live order book, 35 min ago; Variational Omni: RFQ quote, 46 min ago. 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, 35 min ago1.36 bp14.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 46 min ago4.56 bpdoesn't fit34.2 bp −$342doesn't fitdoesn't fit

TIA on 26 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
ApeX Omni TIAUSDT−0.0218%1h0.4379+0.041%$49K$232K50xas long as short
OKX TIA-USDT-SWAP−0.0091%4h0.4384+0.155%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4379+0.048%$358K$214K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4379+0.041%$30K$27K25xas long as short
KuCoin TIAUSDTM+0.0002%4h0.4379+0.041%$4.2M$8.9M50xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4379+0.038%$1K150xas long as short
Bybit TIAUSDT+0.0042%4h0.4382+0.110%$9.5M$13.1M50xas long as short
Lighter TIA+0.0096%1h0.4384+0.144%$155K$399K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4378+0.018%$5K$328K10xas long as short
Hyperliquid TIA+0.0100%1h0.4383+0.137%$4.6M$1.6M5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4381+0.077%$34K$244K10xas long as short
Binance TIAUSDT+0.0100%4h0.4387+0.224%$14.3M$42.5M75xas long as short
Gate TIA_USDT+0.0100%4h0.4383+0.133%$985K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4383+0.133%$12.4M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4381+0.087%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4383+0.133%$6.5Mas long as short
Backpack TIA_USDC_PERPlong+0.0100%1h0.4377long leg$101K$165K10x
Variational Omni TIAshort+0.0100%4h0.4375−0.054%$102K$84K
HTX TIA-USDT+0.0100%4h0.4383+0.133%$58K$75K50xas long as short
Extended TIA-USD+0.0104%1h0.4379+0.049%$42K$198K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4379+0.049%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4374−0.064%$6K15xas long as short
dYdX TIA-USD+0.0210%1h0.4382+0.116%$52K$19910xas long as short
Injective TIA/USDC PERP+0.0266%1h0.4378+0.018%$26K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4397+0.452%$51K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0463% / S −0.3505%1h0.4379+0.039%$36K100xas long as short