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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Binance+0.007%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$430.432% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.007%, 7d avg −0.043%
Together, before fees−0.070%−$7 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: Bybit is 0.050% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TIAUSDT0.43630.0100pay 0.0050% / 4h7m 38s$14.5M$42.2M75x
ShortBybit TIAUSDT0.43630.0100get 0.0050% / 4h7m 38s$9.5M$13.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.007% → −0.043%
$5
Slippage, 4 orders
−$22.21
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$38.21
Costs to cover
0.432%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 6 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 Binance live order book, 4 min ago1.15 bp10.6 bp −$1122.6 bp −$226136.6 bp −$13.7Kdoesn't fit
Sell Bybit live order book, 6 min ago1.15 bp11.5 bp −$1134.1 bp −$341197.9 bp −$19.8Kdoesn'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
OKX TIA-USDT-SWAP−0.0206%4h0.4361−0.039%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0163%1h0.4373+0.238%$359K$246K50xas long as short
KuCoin TIAUSDTM−0.0028%4h0.4364+0.030%$4.2M$8.7M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4372+0.213%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4372+0.219%$1K150xas long as short
ApeX Omni TIAUSDT+0.0048%1h0.4367+0.099%$49K$234K50xas long as short
Lighter TIA+0.0096%1h0.4370+0.170%$139K$362K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4370+0.168%$5K$363K10xas long as short
Hyperliquid TIA+0.0100%1h0.4373+0.230%$4.3M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4366+0.076%$34K$268K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDTlong+0.0100%4h0.4363long leg$14.5M$42.2M75x
Bybit TIAUSDTshort+0.0100%4h0.4363+0.007%$9.5M$13.2M50x
Gate TIA_USDT+0.0100%4h0.4366+0.076%$980K$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4366+0.076%$13.3M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4367+0.099%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4364+0.030%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4371+0.186%$101K$153K10xas long as short
Variational Omni TIA+0.0100%4h0.4356−0.156%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4370+0.168%$65K$44K50xas long as short
Extended TIA-USD+0.0104%1h0.4361−0.035%$55K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4371+0.202%$7K3xas long as short
Reya TIARUSDPERP+0.0179%1h0.4368+0.121%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0208%1h0.4389+0.603%$51K$77K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4360−0.062%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4369+0.145%$1.2M$577K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0460% / S −0.3505%1h0.4371+0.196%$36K100xas long as short
dYdX TIA-USD+0.0727%1h0.4369+0.155%$52K$5910xas long as short