Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.003%

Price spread now: Injective against Binance−0.265%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 0.265% cheaper against Binance than usual: you would sell low and buy high (spread −0.265% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 6.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TIAUSDT	0.4313	0.0100	pay 0.0050% / 4h	2h 22m	$13.5M	$44.2M	75x
Short	Injective TIA/USDC PERP	0.4302	0.0237	get 0.0030% / 1h	22m 55s	$25K	$11K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.265%Rate

Funding earned: $28.77
Price spread: −0.265% → 0.000%: −$26.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$7.72
Costs to cover: 0.100%
Break-even: 8.9 days

Slippage unknown: Binance: live order book, 4 min ago; Injective: 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, 4 min ago	1.16 bp	9.4 bp −$9	22.9 bp −$229	134.9 bp −$13.5K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
ApeX Omni TIAUSDT	−0.0025%	1h	0.4295	−0.427%	$49K	$227K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4308	−0.126%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4308	−0.115%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4313	−0.021%	$149K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4306	−0.172%	$6K	$268K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4314	+0.016%	$4.6M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4311	−0.056%	$33K	$247K	10x	as long as short
Binance TIAUSDTlong	+0.0100%	4h	0.4313	long leg	$13.5M	$44.2M	75x
Bybit TIAUSDT	+0.0100%	4h	0.4311	−0.056%	$9.6M	$13.8M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4310	−0.079%	$2.7M	$6.3M	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	0.4311	−0.056%	$989K	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4314	+0.014%	$10.2M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4309	−0.102%	$4.1M	$9.5M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4313	−0.010%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4312	−0.033%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4311	−0.051%	$100K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4300	−0.316%	$100K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4309	−0.102%	$57K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4312	−0.031%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4306	−0.160%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4304	−0.216%	$6K	—	15x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0192% / S +0.0051%	1h	0.4308	−0.137%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0194%	1h	0.4309	−0.095%	$342K	$205K	50x	as long as short
Injective TIA/USDC PERPshort	+0.0237%	1h	0.4302	−0.265%	$25K	$11K	12x
BloFin TIA-USDT	+0.0340%	4h	0.4308	−0.126%	$1.7M	$694K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4378	+1.497%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0459%	1h	0.4311	−0.053%	$51K	$139	10x	as long as short