Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h −0.116%

Price spread now: Injective against BloFin+0.092%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.092% dearer against BloFin than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TIA-USDT	0.4340	0.0340	pay 0.0170% / 4h	2h 22m	$1.0M	$543K	75x
Short	Injective TIA/USDC PERP	0.4344	0.0210	get 0.0026% / 1h	22m 59s	$26K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.092%Rate

Funding earned: −$27.38
Price spread: +0.092% → 0.000%: $9.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$30.19
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Injective: 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 BloFin live order book, 4 min ago	3.46 bp	9.5 bp −$9	14.1 bp −$141	47.8 bp −$4,776	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kraken Futures PF_TIAUSD	−0.0388%	1h	0.4339	−0.017%	$357K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0211%	1h	0.4337	−0.069%	$30K	$27K	25x	as long as short
Bybit TIAUSDT	−0.0178%	4h	0.4337	−0.069%	$9.4M	$13.0M	50x	as long as short
ApeX Omni TIAUSDT	−0.0079%	1h	0.4329	−0.253%	$49K	$235K	50x	as long as short
Gate TIA_USDT	−0.0038%	4h	0.4338	−0.046%	$1.0M	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0026%	4h	0.4336	−0.092%	$2.7M	$5.8M	50x	as long as short
KuCoin TIAUSDTM	−0.0006%	4h	0.4334	−0.138%	$4.2M	$8.6M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4339	−0.012%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0039%	4h	0.4337	−0.061%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4341	+0.025%	$128K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4336	−0.092%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4343	+0.067%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4337	−0.075%	$35K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4340	+0.006%	$14.1M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4335	−0.115%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4333	−0.161%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4338	−0.046%	—	$101.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4339	−0.021%	$103K	$150K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4331	−0.207%	$68K	$28K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4333	−0.163%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4337	−0.078%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4336	−0.089%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4344	+0.092%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERPshort	+0.0210%	1h	0.4344	+0.092%	$26K	$10K	12x
BloFin TIA-USDTlong	+0.0340%	4h	0.4340	long leg	$1.0M	$543K	75x
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4340	−0.007%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0831%	1h	0.4339	−0.025%	$52K	$59	10x	as long as short