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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.225%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$610.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$6 on $10k
Price spread, last 7 days−0.237%−$24 · spread now +0.225%, 7d avg +0.100%
Together, before fees−0.292%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 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 0.125% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.100%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TIAUSDT0.44040.0100pay 0.0050% / 4h2h 11m$4.5M$3.5M75x
ShortHyperliquid TIA0.44140.0100get 0.0013% / 1h11m 06s$4.7M$1.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.225% → +0.100%
$12.45
Slippage, 4 orders
−$39.54
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$48.09
Costs to cover
0.605%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 11 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 Bitget live order book, 2 min ago1.14 bp15.4 bp −$1534.1 bp −$341doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.11 bp10.7 bp −$11doesn't fitdoesn't fitdoesn't fit

TIA on 26 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
OKX TIA-USDT-SWAP−0.0036%4h0.4402−0.045%$2.8M$6.1M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4409+0.104%$360K$213K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4409+0.114%$31K$27K25xas long as short
ApeX Omni TIAUSDT+0.0002%1h0.4400−0.091%$50K$232K50xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4405+0.019%$1K150xas long as short
KuCoin TIAUSDTM+0.0006%4h0.44040.000%$4.2M$8.9M50xas long as short
Lighter TIA+0.0096%1h0.4414+0.236%$156K$409K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4407+0.068%$5K$318K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4414+0.225%$4.7M$1.6M5x
Aster TIAUSDT+0.0100%4h0.4406+0.044%$32K$245K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4406+0.055%$14.4M$42.6M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4402−0.045%$9.6M$13.1M50xas long as short
Gate TIA_USDT+0.0100%4h0.4406+0.045%$991K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4409+0.114%$12.4M$6.8M300xas long as short
Bitget TIAUSDTlong+0.0100%4h0.4404long leg$4.5M$3.5M75x
BingX TIA-USDT+0.0100%4h0.4407+0.068%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4408+0.091%$102K$160K10xas long as short
Variational Omni TIA+0.0100%4h0.4402−0.052%$103K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4405+0.023%$59K$75K50xas long as short
Extended TIA-USD+0.0104%1h0.4405+0.020%$42K$198K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4407+0.079%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4402−0.038%$6K15xas long as short
dYdX TIA-USD+0.0192%1h0.4403−0.018%$52K$19910xas long as short
Injective TIA/USDC PERP+0.0266%1h0.4411+0.159%$27K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4415+0.250%$52K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0464% / S −0.3505%1h0.4406+0.049%$36K100xas long as short