Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0395%/8h= +43.2% APRpaid last 24h +0.005%

Price spread now: Extended against Bybit−0.028%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.028%, 7d avg −0.034%

Together, before fees−0.107%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4313	−0.0291	get 0.0145% / 4h	2h 31m	$9.4M	$13.0M	50x
Short	Extended TIA-USD	0.4312	0.0104	get 0.0013% / 1h	31m 41s	$58K	$169K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.028%Rate

Funding earned: $82.91
Price spread: −0.028% → −0.034%: $0.59
Slippage, 4 orders: −$27.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $40.36
Costs to cover: 0.431%
Break-even: 3.6 days

Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 54 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, 2 min ago	1.16 bp	14.5 bp −$14	39.8 bp −$398	195.5 bp −$19.6K	doesn't fit
Sell Extended live order book, 54 min ago	3.47 bp	6.8 bp −$7	doesn't fit	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
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4309	−0.104%	$354K	$239K	50x	as long as short
Bybit TIAUSDTlong	−0.0291%	4h	0.4313	long leg	$9.4M	$13.0M	50x
Deribit TIA_USDC-PERPETUAL	−0.0214%	1h	0.4308	−0.116%	$30K	$27K	25x	as long as short
ApeX Omni TIAUSDT	−0.0138%	1h	0.4305	−0.185%	$48K	$235K	50x	as long as short
Gate TIA_USDT	−0.0056%	4h	0.4315	+0.046%	$996K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0011%	4h	0.4312	−0.023%	$2.7M	$5.8M	50x	as long as short
KuCoin TIAUSDTM	−0.0004%	4h	0.4313	0.000%	$4.2M	$8.6M	50x	as long as short
Variational Omni TIA	−0.0003%	4h	0.4302	−0.247%	$101K	$85K	—	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4310	−0.081%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0067%	1h	0.4308	−0.128%	$102K	$150K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4321	+0.192%	$127K	$353K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4308	−0.116%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4323	+0.241%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4317	+0.081%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4318	+0.106%	$14.1M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4318	+0.116%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4316	+0.070%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4316	+0.070%	—	$101.0M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4309	−0.093%	$73K	$15K	50x	as long as short
Extended TIA-USDshort	+0.0104%	1h	0.4312	−0.028%	$58K	$169K	25x
Aevo TIA-PERP	+0.0104%	1h	0.4307	−0.131%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4304	−0.205%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4322	+0.209%	$48K	$71K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4311	−0.046%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4308	−0.116%	$1.0M	$515K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4309	−0.091%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0791%	1h	0.4319	+0.134%	$51K	$59	10x	as long as short