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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%
Price spread now: Lighter against BloFin−0.036%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$640.638% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.309%−$31 on $10k
Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.036%, 7d avg +0.040%
Together, before fees−0.442%+ Points / potential airdropLighter: Season 3 · farm board−$44 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 Lighter is 0.076% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TIA-USDT0.44540.0340pay 0.0170% / 4h3h 52m$1.7M$742K75x
ShortLighter TIA0.44520.0096get 0.0012% / 1h52m 28s$157K$417K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$51.24
Price spread: −0.036% → +0.040%
−$7.57
Slippage, 4 orders
−$51.79
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$122.6
Costs to cover
0.638%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Lighter: live order book, 57 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 BloFin live order book, 5 min ago1.13 bp16.8 bp −$1728.5 bp −$28580.6 bp −$8,060doesn't fit
Sell Lighter live order book, 57 min ago2.39 bp13.5 bp −$1372.0 bp −$720324.3 bp −$32.4Kdoesn't fit

TIA on 27 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
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4450−0.090%$1K150xas long as short
Lighter TIAshort+0.0096%1h0.4452−0.036%$157K$417K10x
Orderly PERP_TIA_USDC+0.0100%4h0.4452−0.045%$5K$242K10xas long as short
Hyperliquid TIA+0.0100%1h0.4455+0.020%$4.8M$1.4M5xas long as short
Aster TIAUSDT+0.0100%4h0.4445−0.199%$34K$243K10xas long as short
Binance TIAUSDT+0.0100%4h0.4448−0.124%$14.5M$43.2M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4448−0.135%$9.9M$13.4M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4445−0.202%$2.8M$6.3M50xas long as short
Gate TIA_USDT+0.0100%4h0.4450−0.090%$1.0M$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4450−0.090%$11.9M$6.4M300xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TIAUSDTM+0.0100%4h0.4449−0.112%$4.3M$9.2M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4448−0.135%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4449−0.112%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4455+0.029%$103K$171K10xas long as short
Variational Omni TIA+0.0100%4h0.4415−0.882%$103K$66Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4429−0.561%$50K$230K50xas long as short
HTX TIA-USDT+0.0100%4h0.4431−0.516%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4446−0.179%$56K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4453−0.022%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4448−0.144%$6K15xas long as short
Deribit TIA_USDC-PERPETUAL+0.0199%1h0.4455+0.022%$31K$25K25xas long as short
Injective TIA/USDC PERP+0.0271%1h0.4431−0.516%$26K$11K12xas long as short
Kraken Futures PF_TIAUSD+0.0325%1h0.4452−0.040%$364K$193K50xas long as short
BloFin TIA-USDTlong+0.0340%4h0.4454long leg$1.7M$742K75x
Coinbase International TIA-PERP-INTX+0.0400%1h0.4449−0.112%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0496% / S −0.1196%1h0.4449−0.102%$41K100xas long as short
dYdX TIA-USD+0.0629%1h0.4450−0.085%$53K$13910xas long as short