Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h +0.007%

Price spread now: BingX against Coinbase International−1.119%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.612%+$61 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BingX is 1.119% cheaper against Coinbase International than usual: you would sell low and buy high (−$112 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.612%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TIA-PERP-INTX	0.4378	0.0400	pay 0.0050% / 1h	21m 00s	$47K	$84K	50x
Short	BingX TIA-USDC	0.4329	0.0100	get 0.0050% / 4h	2h 21m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −1.119%Rate

Funding earned: −$63
Price spread: −1.119% → 0.000%: −$111.92
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$194.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 14 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	3.46 bp	18.9 bp −$19	65.0 bp −$650	533.3 bp −$53.3K	844.8 bp −$422.4K

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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4325	−1.211%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4326	−1.192%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0028%	1h	0.4309	−1.576%	$49K	$227K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4328	−1.144%	$150K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4324	−1.233%	$6K	$268K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4335	−0.971%	$4.6M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4329	−1.129%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4330	−1.090%	$13.5M	$44.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4330	−1.096%	$9.7M	$13.8M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4331	−1.074%	$2.7M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4329	−1.119%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4334	−1.005%	$10.3M	$6.6M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4328	−1.142%	$4.2M	$9.5M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4333	−1.028%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDCshort	+0.0100%	4h	0.4329	−1.119%	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4325	−1.208%	$100K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4321	−1.308%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4331	−1.074%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4333	−1.033%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4323	−1.265%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4328	−1.151%	$6K	—	15x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0188% / S +0.0051%	1h	0.4325	−1.215%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0194%	1h	0.4328	−1.152%	$343K	$205K	50x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4326	−1.188%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4323	−1.256%	$1.6M	$697K	75x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0400%	1h	0.4378	long leg	$47K	$84K	50x
dYdX TIA-USD	+0.0461%	1h	0.4331	−1.069%	$51K	$139	10x	as long as short