Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h −0.022%

Price spread now: ApeX Omni against Bybit+0.253%49s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as 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−$570.568% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.253%, 7d avg +0.060%

Together, before fees−0.142%−$14 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: ApeX Omni is 0.193% dearer against Bybit than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.060%. The two prices were read 49 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	Bybit TIAUSDT	0.4343	0.0100	pay 0.0050% / 4h	1h 32m	$9.8M	$13.9M	50x
Short	ApeX Omni TIAUSDT	0.4354	0.0092	get 0.0012% / 1h	32m 46s	$50K	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.253%Rate

Funding earned: −$1.6
Price spread: +0.253% → +0.060%: $19.32
Slippage, 4 orders: −$35.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$39.04
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; ApeX Omni: live order book, 8 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 Bybit live order book, 6 min ago	1.15 bp	16.7 bp −$17	32.1 bp −$321	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	5.74 bp	14.3 bp −$14	129.7 bp −$1,297	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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4350	+0.161%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4351	+0.183%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4340	−0.069%	$2.7M	$6.4M	50x	as long as short
ApeX Omni TIAUSDTshort	+0.0092%	1h	0.4354	+0.253%	$50K	$226K	50x
Lighter TIA	+0.0096%	1h	0.4355	+0.267%	$150K	$425K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4350	+0.161%	$7K	$252K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4355	+0.286%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	+0.138%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4347	+0.098%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDTlong	+0.0100%	4h	0.4343	long leg	$9.8M	$13.9M	50x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4351	+0.184%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4349	+0.138%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4348	+0.115%	$4.2M	$9.8M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4345	+0.046%	$4.3M	$3.8M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4348	+0.115%	—	$103.2M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4352	+0.200%	$100K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4345	+0.052%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4354	+0.253%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4346	+0.080%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4349	+0.129%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0108% / S +0.0053%	1h	0.4349	+0.149%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4349	+0.147%	$345K	$202K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4349	+0.138%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4348	+0.118%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4350	+0.161%	$1.6M	$702K	75x	as long as short
dYdX TIA-USD	+0.0378%	1h	0.4349	+0.141%	$52K	$139	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+1.197%	$47K	$87K	50x	as long as short