Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.130%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$680.679% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.089%−$9 on $10k
Price spread, last 7 days−0.105%−$10 · spread now +0.130%, 7d avg +0.063%
Together, before fees−0.194%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 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: Hyperliquid is 0.067% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TIA-USDC0.43000.0100pay 0.0050% / 4h2h 40m$6.5M
ShortHyperliquid TIA0.43060.0100get 0.0013% / 1h40m 32s$4.2M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.130% → +0.063%
$6.7
Slippage, 4 orders
−$48.87
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$61.17
Costs to cover
0.679%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Hyperliquid: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago2.32 bp21.4 bp −$2157.4 bp −$574378.6 bp −$37.9K683.2 bp −$341.6K
Sell Hyperliquid live order book, 1 min ago0.93 bp13.4 bp −$13doesn't fitdoesn't fitdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT−0.0550%4h0.4297−0.070%$9.3M$13.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0391%1h0.4302+0.051%$354K$239K50xas long as short
Deribit TIA_USDC-PERPETUAL−0.0215%1h0.4302+0.047%$30K$27K25xas long as short
ApeX Omni TIAUSDT−0.0196%1h0.4299−0.023%$48K$234K50xas long as short
Gate TIA_USDT−0.0128%4h0.43000.000%$993K$1.8M75xas long as short
OKX TIA-USDT-SWAP−0.0033%4h0.4298−0.047%$2.7M$5.7M50xas long as short
Backpack TIA_USDC_PERP−0.0030%1h0.4301+0.028%$102K$153K10xas long as short
KuCoin TIAUSDTM−0.0026%4h0.4298−0.047%$4.1M$8.6M50xas long as short
Variational Omni TIA−0.0018%4h0.4296−0.093%$96K$81Kas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4304+0.084%$1K150xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0095%4h0.4303+0.073%$34K$272K10xas long as short
Lighter TIA+0.0096%1h0.4305+0.128%$127K$353K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4299−0.023%$5K$359K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4306+0.130%$4.2M$1.5M5x
Binance TIAUSDT+0.0100%4h0.43000.000%$14.0M$41.1M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4301+0.023%$9.1M$5.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.43000.000%$4.4M$3.5M75xas long as short
BingX TIA-USDClong+0.0100%4h0.4300long leg$6.5M
HTX TIA-USDT+0.0100%4h0.43000.000%$73K$15K50xas long as short
Extended TIA-USD+0.0104%1h0.4299−0.031%$58K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.43000.000%$7K3xas long as short
Reya TIARUSDPERP+0.0178%1h0.4299−0.024%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0200%1h0.4322+0.512%$48K$71K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4311+0.256%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4299−0.023%$995K$511K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0456% / S −0.3505%1h0.4303+0.063%$35K100xas long as short
dYdX TIA-USD+0.0850%1h0.4304+0.089%$51K$5910xas long as short