Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.113%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.113%, 7d avg −0.030%

Together, before fees+0.148%+$15 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: BingX is 0.084% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TIAUSDT	0.4413	0.0100	pay 0.0050% / 4h	1h 41m	$14.5M	$42.6M	75x
Short	BingX TIA-USDT	0.4408	0.0100	get 0.0050% / 4h	1h 41m	—	$99.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → −0.030%: −$8.37
Slippage, 4 orders: −$23.38
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$51.75
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; BingX: live order book, 13 min ago.

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 Binance live order book, 16 min ago	1.13 bp	11.4 bp −$11	22.9 bp −$229	135.7 bp −$13.6K	doesn't fit
Sell BingX live order book, 13 min ago	1.13 bp	10.2 bp −$10	18.8 bp −$188	62.7 bp −$6,273	380.0 bp −$190.0K

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
ApeX Omni TIAUSDT	−0.0025%	1h	0.4421	+0.181%	$50K	$232K	50x	as long as short
Bybit TIAUSDT	−0.0008%	4h	0.4407	−0.136%	$9.5M	$13.3M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4409	−0.091%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4411	−0.045%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0014%	4h	0.4406	−0.159%	$4.2M	$9.0M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0034%	4h	0.4411	−0.045%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4410	−0.075%	$360K	$206K	50x	as long as short
Variational Omni TIA	+0.0089%	4h	0.4399	−0.323%	$103K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4415	+0.057%	$156K	$413K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4408	−0.113%	$5K	$317K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4416	+0.073%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4411	−0.051%	$32K	$246K	10x	as long as short
Binance TIAUSDTlong	+0.0100%	4h	0.4413	long leg	$14.5M	$42.6M	75x
Gate TIA_USDT	+0.0100%	4h	0.4410	−0.068%	$992K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4412	−0.023%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4413	0.000%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDTshort	+0.0100%	4h	0.4408	−0.113%	—	$99.0M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4416	+0.077%	$103K	$153K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4410	−0.068%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4404	−0.202%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4408	−0.112%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4408	−0.124%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0231%	1h	0.4408	−0.109%	$52K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4406	−0.159%	$1.4M	$707K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4430	+0.385%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4411	−0.045%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4414	+0.023%	$26K	$10K	12x	as long as short