Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.023%

Price spread now: Reya against BingX−0.067%7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.067% cheaper against BingX than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TIA-USDT	0.4388	0.0100	pay 0.0050% / 4h	46m 32s	—	$99.1M	—
Short	Reya TIARUSDPERP	0.4385	0.0180	get 0.0023% / 1h	46m 32s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.067%Rate

Funding earned: $16.85
Price spread: −0.067% → 0.000%: −$6.66
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$5.81
Costs to cover: 0.160%
Break-even: 9.4 days

Slippage unknown: BingX: live order book, 8 min ago; Reya: 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	1.13 bp	10.0 bp −$10	15.5 bp −$155	47.6 bp −$4,758	366.7 bp −$183.4K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Bybit TIAUSDT	−0.0123%	4h	0.4385	−0.068%	$9.6M	$13.5M	50x	as long as short
Variational Omni TIA	−0.0085%	4h	0.4388	−0.006%	$103K	$85K	—	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4383	−0.114%	$30K	$27K	25x	as long as short
KuCoin TIAUSDTM	+0.0002%	4h	0.4383	−0.114%	$4.2M	$9.1M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4383	−0.114%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0043%	1h	0.4378	−0.228%	$49K	$231K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4390	+0.041%	$155K	$418K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4382	−0.137%	$5K	$280K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4393	+0.116%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4381	−0.160%	$32K	$245K	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	0.4389	+0.023%	$14.3M	$42.9M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4384	−0.091%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4389	+0.023%	$994K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4390	+0.046%	$12.0M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4387	−0.023%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDTlong	+0.0100%	4h	0.4388	long leg	—	$99.1M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4383	−0.105%	$104K	$157K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4386	−0.046%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4386	−0.049%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4382	−0.136%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0163%	1h	0.4383	−0.109%	$52K	$199	10x	as long as short
Kraken Futures PF_TIAUSD	+0.0166%	1h	0.4383	−0.117%	$358K	$195K	50x	as long as short
Reya TIARUSDPERPshort	+0.0180%	1h	0.4385	−0.067%	$6K	—	15x
Injective TIA/USDC PERP	+0.0237%	1h	0.4392	+0.091%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4384	−0.091%	$1.6M	$728K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4389	+0.023%	$51K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1196%	1h	0.4383	−0.103%	$40K	—	100x	as long as short