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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against BingX+0.168%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$510.508% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.091%−$9 on $10k
Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.168%, 7d avg +0.085%
Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · farm board−$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: Lighter is 0.083% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.085%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TIA-USDT0.43480.0100pay 0.0050% / 4h3h 08m$103.0M
ShortLighter TIA0.43550.0096get 0.0012% / 1h8m 01s$154K$422K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.168% → +0.085%
$8.29
Slippage, 4 orders
−$40.83
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$43.38
Costs to cover
0.508%
Break-even
never at this rate
Slippage from BingX: live order book, 16 min ago; Lighter: live order book, 37 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, 16 min ago1.14 bp10.9 bp −$1120.4 bp −$20475.5 bp −$7,546397.9 bp −$199.0K
Sell Lighter live order book, 37 min ago2.37 bp16.8 bp −$1788.6 bp −$886322.5 bp −$32.3Kdoesn'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
ApeX Omni TIAUSDT−0.0048%1h0.4376+0.644%$50K$230K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4352+0.092%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4352+0.091%$1K150xas long as short
Lighter TIAshort+0.0096%1h0.4355+0.168%$154K$422K10x
Orderly PERP_TIA_USDC+0.0100%4h0.4349+0.023%$6K$255K10xas long as short
Hyperliquid TIA+0.0100%1h0.4353+0.117%$4.7M$1.4M5xas long as short
Aster TIAUSDT+0.0100%4h0.4349+0.023%$33K$242K10xas long as short
Binance TIAUSDT+0.0100%4h0.4351+0.069%$13.8M$43.8M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4349+0.023%$9.8M$13.6M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.43480.000%$2.8M$6.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4352+0.092%$988K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4350+0.046%$11.1M$6.5M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4350+0.046%$4.2M$9.3M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4350+0.046%$4.4M$3.5M75xas long as short
BingX TIA-USDTlong+0.0100%4h0.4348long leg$103.0M
Backpack TIA_USDC_PERP+0.0100%1h0.4350+0.055%$102K$169K10xas long as short
Variational Omni TIA+0.0100%4h0.4361+0.292%$102K$51Kas long as short
HTX TIA-USDT+0.0100%4h0.4352+0.092%$58K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4348−0.004%$55K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4350+0.057%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4349+0.013%$6K15xas long as short
Injective TIA/USDC PERP+0.0271%1h0.4382+0.782%$25K$11K12xas long as short
Kraken Futures PF_TIAUSD+0.0333%1h0.4348+0.006%$345K$205K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4353+0.115%$1.7M$714K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0359% / S −0.0613%1h0.4352+0.090%$23K100xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4359+0.253%$47K$84K50xas long as short
dYdX TIA-USD+0.0419%1h0.4353+0.120%$52K$13910xas long as short