Settings8H · net · $10k
Funding arb · Price arb /

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0804%/8h= −88.1% APRpaid last 24h −0.201%
Price spread now: Bitget against dYdX−0.028%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.521%−$52 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bitget is 0.028% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.521% in total (about -27.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX TIA-USD0.44060.0904pay 0.0113% / 1h15m 32s$52K$19910x
ShortBitget TIAUSDT0.44050.0100get 0.0050% / 4h3h 15m$4.5M$3.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$168.89
Price spread: −0.028% → 0.000%
−$2.84
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$193.73
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Bitget live order book, 2 min ago2.28 bp14.3 bp −$1440.9 bp −$409doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TIAUSD−0.0152%1h0.4401−0.129%$362K$225K50xas long as short
OKX TIA-USDT-SWAP−0.0136%4h0.4404−0.051%$2.8M$5.9M50xas long as short
KuCoin TIAUSDTM−0.0028%4h0.4402−0.096%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4402−0.096%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4400−0.139%$1K150xas long as short
Lighter TIA+0.0096%1h0.4411+0.108%$140K$360K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4400−0.142%$5K$363K10xas long as short
Hyperliquid TIA+0.0100%1h0.4411+0.117%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4404−0.057%$34K$249K10xas long as short
Binance TIAUSDT+0.0100%4h0.4406−0.006%$14.7M$40.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT+0.0100%4h0.4403−0.074%$9.7M$12.8M50xas long as short
Gate TIA_USDT+0.0100%4h0.4405−0.028%$990K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4406−0.006%$13.3M$6.7M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4405−0.028%$4.5M$3.1M75x
BingX TIA-USDC+0.0100%4h0.4405−0.028%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4403−0.081%$102K$154K10xas long as short
Variational Omni TIA+0.0100%4h0.4393−0.305%$103K$84Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4387−0.437%$49K$233K50xas long as short
HTX TIA-USDT+0.0100%4h0.4394−0.278%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4403−0.084%$55K$173K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4400−0.142%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4392−0.323%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4404−0.042%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4405−0.028%$51K$76K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4383−0.528%$1.3M$587K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0461% / S −0.3505%1h0.4400−0.140%$36K100xas long as short
dYdX TIA-USDlong+0.0904%1h0.4406long leg$52K$19910x