Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.045%

Price spread now: KuCoin against Bitget+0.112%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.112%, 7d avg +0.044%

Together, before fees−0.156%−$16 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: KuCoin is 0.068% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TIAUSDT	0.4453	0.0100	pay 0.0050% / 4h	3h 56m	$4.4M	$4.1M	75x
Short	KuCoin TIAUSDTM	0.4458	0.0100	get 0.0050% / 4h	3h 56m	$4.3M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.044%: $6.81
Slippage, 4 orders: −$56.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$74.12
Costs to cover: 0.809%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 2 min ago.

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 Bitget live order book, 1 min ago	1.12 bp	18.6 bp −$19	36.3 bp −$363	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.25 bp	19.8 bp −$20	61.9 bp −$619	doesn't fit	doesn't fit

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
GMX TIA/USD [ETH-USDC]	L −0.1646% / S +0.0102%	1h	0.4462	+0.209%	$5K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0113%	1h	0.4458	+0.107%	$352K	$221K	50x	as long as short
ApeX Omni TIAUSDT	−0.0090%	1h	0.4454	+0.022%	$51K	$224K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4464	+0.247%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4462	+0.200%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0036%	4h	0.4450	−0.067%	$2.8M	$6.8M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4456	+0.067%	$24K	$12K	12x	as long as short
dYdX TIA-USD	+0.0048%	1h	0.4459	+0.142%	$53K	$139	10x	as long as short
Lighter TIA	+0.0096%	1h	0.4461	+0.184%	$193K	$467K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4462	+0.202%	$7K	$226K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4467	+0.305%	$4.8M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4455	+0.040%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4457	+0.081%	$14.2M	$48.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4455	+0.045%	$10.2M	$14.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4455	+0.045%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4458	+0.112%	$12.2M	$14.2M	300x	as long as short
KuCoin TIAUSDTMshort	+0.0100%	4h	0.4458	+0.112%	$4.3M	$10.0M	50x
Bitget TIAUSDTlong	+0.0100%	4h	0.4453	long leg	$4.4M	$4.1M	75x
BingX TIA-USDT	+0.0100%	4h	0.4454	+0.022%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4465	+0.260%	$103K	$175K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4456	+0.076%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4459	+0.135%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4450	−0.071%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4462	+0.213%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4455	+0.038%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4459	+0.135%	$1.7M	$720K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4467	+0.314%	$52K	$104K	50x	as long as short