Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0159%/8h= +17.5% APRpaid last 24h +0.027%

Price spread now: Gate against Deribit−0.278%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Gate is 0.278% cheaper against Deribit than usual: you would sell low and buy high (spread −0.278% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 5.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TIA_USDC-PERPETUAL	0.4314	−0.0213	get 0.0027% / 1h	52m 59s	$30K	$27K	25x
Short	Gate TIA_USDT	0.4302	−0.0054	pay 0.0027% / 4h	1h 52m	$989K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now −0.278%Rate

Funding earned: $33.47
Price spread: −0.278% → 0.000%: −$27.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.34
Costs to cover: 0.220%
Break-even: 10.4 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 5 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	5.80 bp	23.6 bp −$24	68.1 bp −$681	doesn't fit	doesn't fit

Deribit: 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	0.4318	+0.096%	$355K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUALlong	−0.0213%	1h	0.4314	long leg	$30K	$27K	25x
Gate TIA_USDTshort	−0.0054%	4h	0.4302	−0.278%	$989K	$1.8M	75x
KuCoin TIAUSDTM	−0.0052%	4h	0.4301	−0.301%	$4.1M	$8.5M	50x	as long as short
OKX TIA-USDT-SWAP	−0.0024%	4h	0.4299	−0.348%	$2.7M	$5.8M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4316	+0.054%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0024%	4h	0.4299	−0.348%	$9.4M	$13.1M	50x	as long as short
Variational Omni TIA	+0.0066%	4h	0.4320	+0.142%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4316	+0.049%	$127K	$350K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4315	+0.023%	$5K	$360K	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	0.4311	−0.074%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4307	−0.168%	$34K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4302	−0.278%	$14.0M	$40.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4302	−0.278%	$13.4M	$5.9M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4300	−0.325%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4301	−0.301%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4307	−0.167%	$100K	$150K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4328	+0.325%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4313	−0.023%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4299	−0.358%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4315	+0.013%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4331	+0.394%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4309	−0.104%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4345	+0.719%	$48K	$72K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4312	−0.046%	$1.0M	$540K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4315	+0.029%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0459%	1h	0.4321	+0.152%	$51K	$59	10x	as long as short