Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.051%

Price spread now: Deribit against Binance+0.092%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.092% dearer against Binance than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TIAUSDT	0.4350	0.0100	pay 0.0050% / 4h	1h 36m	$13.6M	$47.5M	75x
Short	Deribit TIA_USDC-PERPETUAL	0.4354	0	get 0.0000% / 1h	36m 55s	$30K	$25K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$21
Price spread: +0.092% → 0.000%: $9.2
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.

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, 5 min ago	2.29 bp	9.5 bp −$9	20.8 bp −$208	111.0 bp −$11.1K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4354	+0.092%	$30K	$25K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4354	+0.091%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0012%	1h	0.4355	+0.115%	$50K	$226K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0048%	4h	0.4346	−0.092%	$2.7M	$6.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4355	+0.120%	$150K	$425K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4354	+0.092%	$7K	$252K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4356	+0.140%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	−0.013%	$32K	$247K	10x	as long as short
Binance TIAUSDTlong	+0.0100%	4h	0.4350	long leg	$13.6M	$47.5M	75x
Bybit TIAUSDT	+0.0100%	4h	0.4349	−0.023%	$9.8M	$14.0M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4352	+0.046%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4351	+0.023%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4349	−0.023%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4347	−0.069%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4350	0.000%	—	$103.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4353	+0.067%	$100K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4355	+0.109%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4355	+0.115%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4347	−0.070%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4352	+0.047%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0112% / S +0.0053%	1h	0.4354	+0.101%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4354	+0.088%	$345K	$201K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4356	+0.138%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4353	+0.066%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0305%	1h	0.4354	+0.095%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4354	+0.092%	$1.6M	$702K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+1.034%	$47K	$87K	50x	as long as short