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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.006%
Price spread now: Bitget against Bybit+0.068%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$640.639% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.037%+$4 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.068%, 7d avg −0.016%
Together, before fees+0.011%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.084% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TIAUSDT0.43930.0057pay 0.0028% / 4h2h 30m$9.5M$13.0M50x
ShortBitget TIAUSDT0.43960.0100get 0.0050% / 4h2h 30m$4.5M$3.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$9.06
Price spread: +0.068% → −0.016%
$8.42
Slippage, 4 orders
−$40.92
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$46.44
Costs to cover
0.639%
Break-even
42.9 days
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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 Bybit live order book, 3 min ago1.14 bp13.2 bp −$1330.0 bp −$300215.7 bp −$21.6Kdoesn't fit
Sell Bitget live order book, 3 min ago1.14 bp19.2 bp −$1951.3 bp −$513doesn't fitdoesn'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−0.0218%1h0.4379−0.319%$49K$232K50xas long as short
OKX TIA-USDT-SWAP−0.0083%4h0.43930.000%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4396+0.076%$359K$214K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4398+0.114%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4397+0.089%$1K150xas long as short
KuCoin TIAUSDTM+0.0004%4h0.43930.000%$4.2M$8.9M50xas long as short
Bybit TIAUSDTlong+0.0057%4h0.4393long leg$9.5M$13.0M50x
Lighter TIA+0.0096%1h0.4404+0.239%$156K$406K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4395+0.046%$5K$323K10xas long as short
Hyperliquid TIA+0.0100%1h0.4404+0.246%$4.7M$1.7M5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4397+0.095%$34K$244K10xas long as short
Binance TIAUSDT+0.0100%4h0.4399+0.143%$14.3M$42.5M75xas long as short
Gate TIA_USDT+0.0100%4h0.4397+0.091%$988K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4398+0.114%$12.4M$6.7M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4396+0.068%$4.5M$3.5M75x
BingX TIA-USDC+0.0100%4h0.4396+0.068%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4397+0.096%$102K$163K10xas long as short
Variational Omni TIA+0.0100%4h0.4385−0.186%$103K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4397+0.091%$59K$75K50xas long as short
Extended TIA-USD+0.0104%1h0.4393+0.007%$42K$198K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4396+0.080%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4395+0.043%$6K15xas long as short
dYdX TIA-USD+0.0203%1h0.4391−0.039%$52K$19910xas long as short
Injective TIA/USDC PERP+0.0266%1h0.4378−0.341%$26K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4397+0.091%$51K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0463% / S −0.3505%1h0.4397+0.092%$36K100xas long as short