Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.131%

Price spread now: BloFin against Coinbase International−0.092%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.807%+$81 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.092% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.807% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TIA-PERP-INTX	0.4344	0.0200	pay 0.0025% / 1h	23m 06s	$48K	$72K	50x
Short	BloFin TIA-USDT	0.4340	0.0340	get 0.0170% / 4h	2h 23m	$1.0M	$543K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now −0.092%Rate

Funding earned: $29.4
Price spread: −0.092% → 0.000%: −$9.21
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.81
Costs to cover: 0.220%
Break-even: 7.4 days

Slippage unknown: Coinbase International: no order-book sample; BloFin: 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 BloFin live order book, 4 min ago	3.46 bp	13.4 bp −$13	29.4 bp −$294	84.6 bp −$8,458	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	−0.0388%	1h	0.4339	−0.109%	$357K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0211%	1h	0.4337	−0.161%	$30K	$27K	25x	as long as short
Bybit TIAUSDT	−0.0178%	4h	0.4336	−0.184%	$9.4M	$13.0M	50x	as long as short
ApeX Omni TIAUSDT	−0.0079%	1h	0.4329	−0.345%	$49K	$235K	50x	as long as short
Gate TIA_USDT	−0.0038%	4h	0.4337	−0.161%	$1.0M	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0026%	4h	0.4332	−0.276%	$2.7M	$5.8M	50x	as long as short
KuCoin TIAUSDTM	−0.0006%	4h	0.4335	−0.207%	$4.2M	$8.6M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4339	−0.104%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0039%	4h	0.4337	−0.153%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4341	−0.067%	$128K	$353K	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	+0.0099%	4h	0.4336	−0.184%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4343	−0.025%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4337	−0.155%	$35K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4336	−0.186%	$14.1M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4338	−0.138%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4335	−0.207%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4336	−0.184%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4339	−0.113%	$103K	$150K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4331	−0.299%	$68K	$28K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4333	−0.249%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4337	−0.170%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4336	−0.181%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0200%	1h	0.4344	long leg	$48K	$72K	50x
Injective TIA/USDC PERP	+0.0210%	1h	0.4344	0.000%	$26K	$10K	12x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4340	−0.092%	$1.0M	$543K	75x
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4340	−0.099%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0831%	1h	0.4339	−0.117%	$52K	$59	10x	as long as short