Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h −0.031%

Price spread now: Injective against BingX−0.409%72s7-day average — · you buy dearer than you sell

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

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 0.409% cheaper against BingX than usual: you would sell low and buy high (spread −0.409% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$41 on $10k: about 8.2 days of funding at the current rate (+$5 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TIA-USDT	0.4396	0.0100	pay 0.0050% / 4h	2h 29m	—	$99.0M	—
Short	Injective TIA/USDC PERP	0.4378	0.0266	get 0.0033% / 1h	29m 54s	$26K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.409%Rate

Funding earned: $34.87
Price spread: −0.409% → 0.000%: −$40.95
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$16.09
Costs to cover: 0.100%
Break-even: 10.2 days

Slippage unknown: BingX: live order book, 4 min ago; Injective: 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, 4 min ago	1.14 bp	10.5 bp −$11	19.6 bp −$196	64.6 bp −$6,461	378.0 bp −$189.0K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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
ApeX Omni TIAUSDT	−0.0218%	1h	0.4379	−0.387%	$49K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0083%	4h	0.4393	−0.068%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4396	+0.007%	$359K	$214K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4398	+0.045%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4397	+0.020%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0004%	4h	0.4394	−0.045%	$4.2M	$8.9M	50x	as long as short
Bybit TIAUSDT	+0.0057%	4h	0.4392	−0.091%	$9.5M	$13.0M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4404	+0.171%	$156K	$406K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4395	−0.023%	$5K	$323K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4404	+0.177%	$4.7M	$1.7M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4397	+0.029%	$34K	$244K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4398	+0.038%	$14.3M	$42.5M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4397	+0.023%	$988K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4396	0.000%	$12.4M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4396	0.000%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDTlong	+0.0100%	4h	0.4396	long leg	—	$99.0M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4397	+0.027%	$102K	$163K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4385	−0.254%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4397	+0.023%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4391	−0.107%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4396	+0.011%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4395	−0.026%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0203%	1h	0.4391	−0.107%	$52K	$199	10x	as long as short
Injective TIA/USDC PERPshort	+0.0266%	1h	0.4378	−0.409%	$26K	$10K	12x
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4397	+0.023%	$51K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0463% / S −0.3505%	1h	0.4397	+0.024%	$36K	—	100x	as long as short