TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.078%

Price spread now: Bybit against BloFin−0.162%82s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.491% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.162%, 7d avg −0.074%

Together, before fees−0.230%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.087% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TIA-USDT	0.4332	0.0340	pay 0.0170% / 4h	1h 35m	$1.1M	$549K	75x
Short	Bybit TIAUSDT	0.4325	0.0100	get 0.0050% / 4h	1h 35m	$9.5M	$13.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$50.4
Price spread: −0.162% → −0.074%: −$8.73
Slippage, 4 orders: −$26.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.27
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Bybit: 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 BloFin live order book, 1 min ago	3.46 bp	14.8 bp −$15	19.0 bp −$190	42.5 bp −$4,249	doesn't fit
Sell Bybit live order book, 2 min ago	1.15 bp	14.7 bp −$15	38.0 bp −$380	214.6 bp −$21.5K	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
Kraken Futures PF_TIAUSD	−0.0228%	1h	0.4329	−0.060%	$354K	$242K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0049%	4h	0.4322	−0.231%	$2.7M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0046%	4h	0.4325	−0.162%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0038%	4h	0.4323	−0.208%	$993K	$1.8M	75x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4329	−0.069%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4331	−0.015%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0090%	4h	0.4337	+0.115%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4329	−0.062%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4328	−0.092%	$5K	$361K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4331	−0.030%	$4.2M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4327	−0.115%	$34K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4324	−0.179%	$14.6M	$41.9M	75x	as long as short
Bybit TIAUSDTshort	+0.0100%	4h	0.4325	−0.162%	$9.5M	$13.2M	50x
MEXC TIA_USDT	+0.0100%	4h	0.4325	−0.162%	$14.0M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4323	−0.208%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4325	−0.162%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4326	−0.139%	$100K	$149K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4339	+0.162%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4330	−0.046%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4323	−0.213%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4329	−0.069%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4342	+0.231%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4326	−0.138%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4339	+0.162%	$47K	$74K	50x	as long as short
BloFin TIA-USDTlong	+0.0340%	4h	0.4332	long leg	$1.1M	$549K	75x
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4330	−0.039%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0714%	1h	0.4331	−0.015%	$51K	$59	10x	as long as short