Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0382%/8h= +41.8% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against Bybit+0.074%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 +$11 a day on $10k at the current rate, and gTrade (Gains Network) is 0.074% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4371	−0.0381	get 0.0191% / 4h	3h 56m	$9.6M	$13.1M	50x
Short	gTrade (Gains Network) TIA/USD	0.4374	L +0.0002% / S 0.0000%	get 0.0000% / 1h	56m 05s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.074%Rate

Funding earned: $80.12
Price spread: +0.074% → 0.000%: $7.44
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $66.56
Costs to cover: 0.210%
Break-even: 1.2 days

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): 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	1.14 bp	11.2 bp −$11	33.3 bp −$333	172.0 bp −$17.2K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Bybit TIAUSDTlong	−0.0381%	4h	0.4371	long leg	$9.6M	$13.1M	50x
OKX TIA-USDT-SWAP	−0.0210%	4h	0.4371	0.000%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4375	+0.091%	$360K	$247K	50x	as long as short
KuCoin TIAUSDTM	−0.0054%	4h	0.4370	−0.023%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4373	+0.046%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USDshort	L +0.0002% / S 0.0000%	1h	0.4374	+0.074%	$1K	—	150x
Backpack TIA_USDC_PERP	+0.0035%	1h	0.4374	+0.064%	$104K	$154K	10x	as long as short
ApeX Omni TIAUSDT	+0.0072%	1h	0.4384	+0.297%	$49K	$234K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4379	+0.178%	$139K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4372	+0.023%	$5K	$364K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4380	+0.210%	$4.5M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4371	0.000%	$34K	$268K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4374	+0.069%	$14.6M	$41.9M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4373	+0.046%	$982K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4374	+0.069%	$13.3M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4372	+0.023%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4371	0.000%	—	$99.1M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4372	+0.021%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4372	+0.023%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4369	−0.042%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4376	+0.125%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4381	+0.229%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4367	−0.081%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.412%	$51K	$77K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4370	−0.023%	$1.2M	$577K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4373	+0.057%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0546%	1h	0.4375	+0.092%	$52K	$59	10x	as long as short