Funding arb · Price arb /

TIA

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Swap Backtest

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 0.000%

Price spread now: Bitget against BingX+0.092%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

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

costs, in and out, $10k−$650.645% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.055%−$5 · spread now +0.092%, 7d avg −0.032%

Together, before fees−0.087%−$9 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: Bitget is 0.125% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TIA-USDC	0.4325	0.0100	pay 0.0050% / 4h	1h 54m	—	$6.5M	—
Short	Bitget TIAUSDT	0.4329	0.0100	get 0.0050% / 4h	1h 54m	$4.5M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → −0.032%: $12.47
Slippage, 4 orders: −$42.53
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.05
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bitget: live order book, 3 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 BingX live order book, 11 min ago	2.33 bp	19.3 bp −$19	57.9 bp −$579	410.6 bp −$41.1K	734.9 bp −$367.4K
Sell Bitget live order book, 3 min ago	1.16 bp	15.3 bp −$15	35.7 bp −$357	doesn't fit	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
Kraken Futures PF_TIAUSD	−0.0228%	1h	0.4331	+0.143%	$356K	$239K	50x	as long as short
ApeX Omni TIAUSDT	−0.0080%	1h	0.4307	−0.416%	$48K	$237K	50x	as long as short
KuCoin TIAUSDTM	−0.0042%	4h	0.4327	+0.046%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0040%	4h	0.4327	+0.046%	$995K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0011%	4h	0.4320	−0.116%	$2.7M	$5.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4331	+0.139%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4331	+0.147%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0030%	4h	0.4322	−0.069%	$9.5M	$13.0M	50x	as long as short
Variational Omni TIA	+0.0066%	4h	0.4320	−0.113%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4331	+0.146%	$128K	$350K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4330	+0.116%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4331	+0.143%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4328	+0.060%	$35K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4325	−0.002%	$14.1M	$40.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4327	+0.046%	$9.1M	$5.4M	300x	as long as short
Bitget TIAUSDTshort	+0.0100%	4h	0.4329	+0.092%	$4.5M	$3.5M	75x
BingX TIA-USDClong	+0.0100%	4h	0.4325	long leg	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4331	+0.143%	$100K	$150K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4325	0.000%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4323	−0.057%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4330	+0.116%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4323	−0.046%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4328	+0.064%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4345	+0.462%	$48K	$72K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4327	+0.046%	$1.0M	$542K	75x	as long as short
dYdX TIA-USD	+0.0439%	1h	0.4332	+0.162%	$51K	$59	10x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4331	+0.141%	$35K	—	100x	as long as short