Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.062%

Price spread now: Deribit against BingX+0.046%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.046% dearer against BingX than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TIA-USDT	0.4362	0.0100	pay 0.0050% / 4h	6m 16s	—	$99.1M	—
Short	Deribit TIA_USDC-PERPETUAL	0.4364	0	get 0.0000% / 1h	6m 16s	$30K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21
Price spread: +0.046% → 0.000%: $4.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.41
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	1.15 bp	10.4 bp −$10	18.2 bp −$182	69.3 bp −$6,933	396.9 bp −$198.5K
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
OKX TIA-USDT-SWAP	−0.0214%	4h	0.4360	−0.046%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4368	+0.128%	$359K	$246K	50x	as long as short
KuCoin TIAUSDTM	−0.0032%	4h	0.4361	−0.023%	$4.2M	$8.7M	50x	as long as short
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4364	+0.046%	$30K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4365	+0.074%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0048%	1h	0.4367	+0.115%	$49K	$234K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4370	+0.190%	$139K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4362	0.000%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4369	+0.170%	$4.3M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4366	+0.092%	$34K	$268K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4363	+0.023%	$14.5M	$42.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4361	−0.023%	$9.5M	$13.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4365	+0.069%	$980K	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4364	+0.046%	$13.3M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4362	0.000%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDTlong	+0.0100%	4h	0.4362	long leg	—	$99.1M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4365	+0.062%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4360	−0.048%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4368	+0.138%	$65K	$44K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4361	−0.031%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4365	+0.057%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4360	−0.036%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.619%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4369	+0.160%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4362	0.000%	$1.2M	$576K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4364	+0.051%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0713%	1h	0.4365	+0.078%	$52K	$59	10x	as long as short