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 +0.059%

Price spread now: Bitget against Coinbase International−0.667%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.585%+$59 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 −$3 a day on $10k at the current rate, and Bitget is 0.667% cheaper against Coinbase International than usual: you would sell low and buy high (−$67 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 +0.585%, 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	0.4345	0.0216	pay 0.0027% / 1h	54m 03s	$48K	$72K	50x
Short	Bitget TIAUSDT	0.4316	0.0100	get 0.0050% / 4h	1h 54m	$4.4M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.667%Rate

Funding earned: −$24.36
Price spread: −0.667% → 0.000%: −$66.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.1
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.16 bp	15.3 bp −$15	35.7 bp −$357	doesn't fit	doesn't fit

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	−0.0229%	1h	0.4324	−0.472%	$356K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0213%	1h	0.4321	−0.552%	$30K	$27K	25x	as long as short
ApeX Omni TIAUSDT	−0.0080%	1h	0.4307	−0.875%	$48K	$237K	50x	as long as short
KuCoin TIAUSDTM	−0.0042%	4h	0.4321	−0.552%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0040%	4h	0.4322	−0.529%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0020%	4h	0.4315	−0.690%	$2.7M	$5.8M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4324	−0.476%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0030%	4h	0.4316	−0.667%	$9.4M	$13.0M	50x	as long as short
Variational Omni TIA	+0.0066%	4h	0.4320	−0.572%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4323	−0.506%	$127K	$350K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4323	−0.506%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4325	−0.472%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4322	−0.523%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4318	−0.621%	$14.1M	$40.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4321	−0.552%	$9.1M	$5.4M	300x	as long as short
Bitget TIAUSDTshort	+0.0100%	4h	0.4316	−0.667%	$4.4M	$3.5M	75x
BingX TIA-USDC	+0.0100%	4h	0.4321	−0.552%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4319	−0.598%	$100K	$150K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4324	−0.483%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4316	−0.661%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4321	−0.550%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4323	−0.506%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4320	−0.575%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0216%	1h	0.4345	long leg	$48K	$72K	50x
BloFin TIA-USDT	+0.0340%	4h	0.4327	−0.414%	$1.0M	$542K	75x	as long as short
dYdX TIA-USD	+0.0439%	1h	0.4332	−0.299%	$51K	$59	10x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4323	−0.505%	$35K	—	100x	as long as short