Funding you earn now, next payment 22:00 UTC+0.0307%/8h= +33.6% APRnext payment +$0.38 per $10,000 · paid last 24h +0.059%
Price spread now: Lighter against Deribit+0.122%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.122% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TIA_USDC-PERPETUAL | 0.4334 | −0.0211 | get 0.0026% / 1h | 24m 28s | $30K | $27K | 25x |
| Short | Lighter TIA | 0.4339 | 0.0096 | get 0.0012% / 1h | 24m 28s | $128K | $353K | 10x |
Deribit TIA_USDC-PERPETUAL
Lighter TIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $64.52
- Price spread: +0.122% → 0.000%
- $12.23
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $69.75
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 59 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 Lighter live order book, 59 min ago | 1.97 bp | 12.6 bp −$13 | 74.5 bp −$745 | 332.1 bp −$33.2K | 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 | −0.0388% | 1h | 0.4338 | +0.101% | $357K | $239K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALlong | −0.0211% | 1h | 0.4334 | long leg | $30K | $27K | 25x | |
| Bybit TIAUSDT | −0.0199% | 4h | 0.4334 | 0.000% | $9.4M | $13.0M | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0079% | 1h | 0.4329 | −0.115% | $49K | $235K | 50x | as long as short |
| Gate TIA_USDT | −0.0042% | 4h | 0.4334 | 0.000% | $1.0M | $1.8M | 75x | as long as short |
| OKX TIA-USDT-SWAP | −0.0022% | 4h | 0.4332 | −0.046% | $2.7M | $5.8M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0006% | 4h | 0.4333 | −0.023% | $4.2M | $8.6M | 50x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4336 | +0.035% | $1K | — | 150x | as long as short |
| Variational Omni TIA | +0.0039% | 4h | 0.4337 | +0.077% | $101K | $85K | — | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4339 | +0.122% | $128K | $353K | 10x |
Kraken Futures PF_TIAUSD
Bybit TIAUSDT
ApeX Omni TIAUSDT
Gate TIA_USDT
OKX TIA-USDT-SWAP
KuCoin TIAUSDTM
gTrade (Gains Network) TIA/USD
Variational Omni TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4332 | −0.046% | $5K | $360K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4340 | +0.129% | $4.2M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4335 | +0.023% | $35K | $272K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4336 | +0.052% | $14.1M | $41.1M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4336 | +0.046% | $9.1M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4336 | +0.046% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4333 | −0.023% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4334 | 0.000% | $103K | $150K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4314 | −0.461% | $68K | $28K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4332 | −0.038% | $58K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4332 | −0.053% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4334 | +0.005% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0200% | 1h | 0.4344 | +0.231% | $48K | $72K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4344 | +0.231% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4334 | 0.000% | $1.0M | $519K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0457% / S −0.3505% | 1h | 0.4334 | +0.003% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0834% | 1h | 0.4336 | +0.046% | $51K | $59 | 10x | as long as short |
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD