Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.049%

Price spread now: Coinbase International against Bybit+0.254%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.539%−$54 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.254% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.539%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4328	0.0100	pay 0.0050% / 4h	1h 36m	$9.5M	$13.2M	50x
Short	Coinbase International TIA-PERP-INTX	0.4339	0.0216	get 0.0027% / 1h	36m 32s	$47K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.254%Rate

Funding earned: $24.36
Price spread: +0.254% → 0.000%: $25.42
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $28.78
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 min ago; Coinbase International: 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 Bybit live order book, 2 min ago	1.15 bp	7.4 bp −$7	33.9 bp −$339	203.1 bp −$20.3K	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	−0.0228%	1h	0.4334	+0.130%	$354K	$242K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0212%	1h	0.4329	+0.023%	$30K	$27K	25x	as long as short
OKX TIA-USDT-SWAP	−0.0045%	4h	0.4325	−0.069%	$2.7M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0042%	4h	0.4328	0.000%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0038%	4h	0.4327	−0.023%	$994K	$1.8M	75x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4331	+0.076%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0090%	4h	0.4337	+0.208%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4334	+0.143%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4328	0.000%	$5K	$361K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4336	+0.176%	$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	−0.012%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4328	+0.004%	$14.6M	$41.9M	75x	as long as short
Bybit TIAUSDTlong	+0.0100%	4h	0.4328	long leg	$9.5M	$13.2M	50x
MEXC TIA_USDT	+0.0100%	4h	0.4329	+0.023%	$14.1M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4327	−0.023%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4328	0.000%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4330	+0.058%	$100K	$149K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4339	+0.254%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4330	+0.046%	$64K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4326	−0.052%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4331	+0.065%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4342	+0.323%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4325	−0.070%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTXshort	+0.0216%	1h	0.4339	+0.254%	$47K	$74K	50x
BloFin TIA-USDT	+0.0340%	4h	0.4332	+0.092%	$1.1M	$549K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4331	+0.063%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0714%	1h	0.4331	+0.077%	$51K	$59	10x	as long as short