Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against BingX−0.114%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days+0.085%+$9 · spread now −0.114%, 7d avg −0.016%

Together, before fees+0.016%+$2 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 0.098% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TIA-USDC	0.4402	0.0100	pay 0.0050% / 4h	2h 07m	—	$6.5M	—
Short	Bybit TIAUSDT	0.4397	0.0100	get 0.0050% / 4h	2h 07m	$9.6M	$13.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.016%: −$9.78
Slippage, 4 orders: −$47.8
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.58
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Bybit: live order book, 1 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, 13 min ago	3.41 bp	18.4 bp −$18	55.6 bp −$556	379.5 bp −$37.9K	681.5 bp −$340.7K
Sell Bybit live order book, 1 min ago	2.27 bp	13.9 bp −$14	38.2 bp −$382	212.4 bp −$21.2K	doesn't fit

TIA on 26 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
OKX TIA-USDT-SWAP	−0.0034%	4h	0.4400	−0.045%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4401	−0.019%	$360K	$212K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4403	+0.023%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4402	0.000%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0006%	4h	0.4399	−0.068%	$4.2M	$8.9M	50x	as long as short
ApeX Omni TIAUSDT	+0.0010%	1h	0.4391	−0.250%	$49K	$233K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4410	+0.184%	$156K	$409K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4399	−0.068%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4408	+0.132%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4402	+0.002%	$32K	$245K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4403	+0.018%	$14.4M	$42.6M	75x	as long as short
Bybit TIAUSDTshort	+0.0100%	4h	0.4397	−0.114%	$9.6M	$13.1M	50x
Gate TIA_USDT	+0.0100%	4h	0.4401	−0.023%	$990K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4401	−0.023%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4401	−0.023%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDClong	+0.0100%	4h	0.4402	long leg	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4402	−0.009%	$102K	$158K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4402	−0.006%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4402	0.000%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4399	−0.057%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4402	+0.011%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4399	−0.072%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0181%	1h	0.4404	+0.045%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.204%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4415	+0.295%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0464% / S −0.1040%	1h	0.4403	+0.013%	$40K	—	100x	as long as short