Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.020%

Price spread now: MEXC against Coinbase International−0.362%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$890.885% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.538%+$54 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now −0.362%, 7d avg −0.117%

Together, before fees+0.310%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.245% cheaper against Coinbase International than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.117%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.538%, 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	0.4415	0.0408	pay 0.0051% / 1h	21m 07s	$55K	$107K	50x
Short	MEXC TIA_USDT	0.4399	0.0100	get 0.0050% / 4h	2h 21m	$10.5M	$14.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$64.68
Price spread: −0.362% → −0.117%: −$24.5
Slippage, 4 orders: −$78.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$177.69
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 25 min ago; MEXC: live order book, just now.

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 live order book, 25 min ago	14.77 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, just now	1.14 bp	1.7 bp −$2	12.2 bp −$122	71.3 bp −$7,131	125.7 bp −$62.8K

TIA on 27 exchanges

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
GMX TIA/USD [ETH-USDC]	L −0.4075% / S +0.0184%	1h	0.4401	−0.327%	$5K	—	100x	as long as short
Bybit TIAUSDT	−0.0264%	4h	0.4395	−0.453%	$9.7M	$14.9M	50x	as long as short
ApeX Omni TIAUSDT	−0.0225%	1h	0.4396	−0.430%	$51K	$223K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0170%	1h	0.4403	−0.277%	$369K	$221K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4400	−0.340%	$33K	$22K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4401	−0.323%	$1K	—	150x	as long as short
dYdX TIA-USD	+0.0026%	1h	0.4401	−0.314%	$52K	$139	10x	as long as short
Injective TIA/USDC PERP	+0.0079%	1h	0.4400	−0.340%	$78K	$158K	12x	as long as short
Lighter TIA	+0.0096%	1h	0.4406	−0.202%	$192K	$442K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4399	−0.362%	$7K	$193K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4406	−0.206%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4397	−0.397%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4400	−0.340%	$14.1M	$50.1M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4397	−0.408%	$2.7M	$7.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4402	−0.294%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4399	−0.362%	$10.5M	$14.7M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4399	−0.362%	$4.2M	$10.4M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4396	−0.430%	$4.5M	$4.3M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4398	−0.385%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4401	−0.324%	$102K	$177K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4389	−0.598%	$102K	$99K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4402	−0.294%	$59K	$77K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4395	−0.461%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4399	−0.360%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4398	−0.376%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4399	−0.362%	$1.6M	$755K	75x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0408%	1h	0.4415	long leg	$55K	$107K	50x