Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0215%/8h= −23.6% APRpaid last 24h −0.159%

Price spread now: Binance against dYdX+0.063%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.580%−$58 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.063% dearer against dYdX than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TIA-USD	0.4345	0.0315	pay 0.0039% / 1h	36m 18s	$52K	$139	10x
Short	Binance TIAUSDT	0.4348	0.0100	get 0.0050% / 4h	1h 36m	$13.6M	$47.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.063%Rate

Funding earned: −$45.22
Price spread: +0.063% → 0.000%: $6.3
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$58.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 6 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	2.29 bp	8.8 bp −$9	19.9 bp −$199	95.1 bp −$9,512	doesn't fit

dYdX: 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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4346	+0.017%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4346	+0.016%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0012%	1h	0.4355	+0.224%	$50K	$226K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4345	−0.006%	$2.7M	$6.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4351	+0.144%	$150K	$425K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4346	+0.017%	$7K	$252K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4352	+0.148%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	+0.086%	$32K	$247K	10x	as long as short
Binance TIAUSDTshort	+0.0100%	4h	0.4348	+0.063%	$13.6M	$47.5M	75x
Bybit TIAUSDT	+0.0100%	4h	0.4347	+0.040%	$9.8M	$14.0M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4347	+0.040%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4348	+0.063%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4345	−0.006%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4344	−0.029%	$4.4M	$3.8M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4344	−0.029%	—	$103.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4353	+0.176%	$100K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4355	+0.218%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4352	+0.155%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4343	−0.054%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4345	−0.006%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0110% / S +0.0053%	1h	0.4346	+0.027%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4348	+0.063%	$345K	$201K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4356	+0.247%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4342	−0.078%	$6K	—	15x	as long as short
dYdX TIA-USDlong	+0.0315%	1h	0.4345	long leg	$52K	$139	10x
BloFin TIA-USDT	+0.0340%	4h	0.4354	+0.201%	$1.6M	$702K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+1.145%	$47K	$87K	50x	as long as short