Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Binance+0.150%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.150%, 7d avg +0.049%

Together, before fees−0.125%+ Points / potential airdropLighter: Season 3 · farm board−$12 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: Lighter is 0.101% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TIAUSDT	0.4517	0.0100	pay 0.0050% / 4h	3h 16m	$14.7M	$49.4M	75x
Short	Lighter TIA	0.4523	0.0096	get 0.0012% / 1h	16m 08s	$196K	$469K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$0.84
Price spread: +0.150% → +0.049%: $10.11
Slippage, 4 orders: −$39.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.29
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 9 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, 11 min ago	1.12 bp	10.7 bp −$11	25.5 bp −$255	161.4 bp −$16.1K	doesn't fit
Sell Lighter live order book, 9 min ago	7.77 bp	19.9 bp −$20	72.0 bp −$720	317.5 bp −$31.7K	doesn't fit

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
GMX TIA/USD [ETH-USDC]	L −0.3267% / S +0.0157%	1h	0.4510	−0.155%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0111%	1h	0.4515	−0.043%	$355K	$206K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4518	+0.028%	$31K	$23K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4510	−0.150%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0008%	1h	0.4513	−0.082%	$52K	$224K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0045%	4h	0.4513	−0.082%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4519	+0.050%	$82K	$156K	12x	as long as short
Lighter TIAshort	+0.0096%	1h	0.4523	+0.150%	$196K	$469K	10x
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4516	−0.016%	$7K	$214K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4523	+0.130%	$4.9M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4515	−0.041%	$33K	$249K	10x	as long as short
Binance TIAUSDTlong	+0.0100%	4h	0.4517	long leg	$14.7M	$49.4M	75x
Bybit TIAUSDT	+0.0100%	4h	0.4515	−0.038%	$10.2M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4518	+0.028%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4515	−0.038%	$11.5M	$14.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4513	−0.082%	$4.4M	$10.2M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4513	−0.082%	$4.5M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4515	−0.038%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4518	+0.022%	$104K	$169K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4509	−0.174%	$138K	$77K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4512	−0.105%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4514	−0.063%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4516	−0.008%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0107%	1h	0.4508	−0.186%	$54K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4504	−0.278%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4507	−0.215%	$1.7M	$772K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4515	−0.038%	$54K	$102K	50x	as long as short