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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget+0.317%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$770.766% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.317%, 7d avg +0.135%
Together, before fees−0.179%+ Points / potential airdropLighter: Season 3 · farm board−$18 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 0.182% dearer against Bitget than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.135%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TIAUSDT0.43850.0100pay 0.0050% / 4h2h 29m$4.5M$3.5M75x
ShortLighter TIA0.43990.0096get 0.0012% / 1h29m 28s$156K$406K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.317% → +0.135%
$18.18
Slippage, 4 orders
−$64.64
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$59.3
Costs to cover
0.766%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 30 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, 4 min ago1.14 bp18.7 bp −$1931.9 bp −$319doesn't fitdoesn't fit
Sell Lighter live order book, 30 min ago2.18 bp14.5 bp −$1479.2 bp −$792321.2 bp −$32.1Kdoesn'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
ApeX Omni TIAUSDT−0.0188%1h0.4386+0.023%$49K$232K50xas long as short
OKX TIA-USDT-SWAP−0.0082%4h0.4379−0.137%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4396+0.258%$359K$214K50xas long as short
KuCoin TIAUSDTM−0.0002%4h0.4387+0.046%$4.2M$8.9M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4398+0.296%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4385−0.002%$1K150xas long as short
Bybit TIAUSDT+0.0060%4h0.4380−0.114%$9.5M$13.0M50xas long as short
Lighter TIAshort+0.0096%1h0.4399+0.317%$156K$406K10x
Orderly PERP_TIA_USDC+0.0099%4h0.4382−0.068%$5K$323K10xas long as short
Hyperliquid TIA+0.0100%1h0.4395+0.226%$4.7M$1.7M5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4392+0.168%$34K$244K10xas long as short
Binance TIAUSDT+0.0100%4h0.43850.000%$14.3M$42.5M75xas long as short
Gate TIA_USDT+0.0100%4h0.4388+0.068%$986K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4386+0.023%$12.4M$6.7M300xas long as short
Bitget TIAUSDTlong+0.0100%4h0.4385long leg$4.5M$3.5M75x
BingX TIA-USDC+0.0100%4h0.43850.000%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4397+0.278%$102K$163K10xas long as short
Variational Omni TIA+0.0100%4h0.4385−0.004%$103K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4397+0.274%$59K$75K50xas long as short
Extended TIA-USD+0.0104%1h0.4385−0.010%$42K$198K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4396+0.262%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4382−0.066%$6K15xas long as short
dYdX TIA-USD+0.0216%1h0.4395+0.228%$52K$19910xas long as short
Injective TIA/USDC PERP+0.0266%1h0.4378−0.160%$26K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4397+0.274%$51K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0463% / S −0.3505%1h0.4386+0.015%$36K100xas long as short