Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h −0.080%

Price spread now: BloFin against dYdX−0.004%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.295%−$29 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.295%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TIA-USD	0.4423	0.0183	pay 0.0023% / 1h	38m 59s	$53K	$139	10x
Short	BloFin TIA-USDT	0.4423	0.0340	get 0.0170% / 4h	38m 59s	$1.7M	$714K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $32.99
Price spread: −0.004% → 0.000%: −$0.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.63
Costs to cover: 0.220%
Break-even: 4.7 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	2.25 bp	16.3 bp −$16	29.6 bp −$296	80.9 bp −$8,086	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
ApeX Omni TIAUSDT	−0.0129%	1h	0.4432	+0.200%	$51K	$224K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4425	+0.030%	$351K	$203K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4426	+0.064%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4424	+0.015%	$1K	—	150x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0011% / S +0.0056%	1h	0.4427	+0.079%	$6K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4437	+0.313%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4417	−0.139%	$2.8M	$6.7M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4430	+0.146%	$153K	$423K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4426	+0.064%	$7K	$236K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4428	+0.100%	$4.7M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4421	−0.047%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4422	−0.026%	$14.0M	$47.8M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4419	−0.094%	$10.0M	$13.9M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4424	+0.019%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4425	+0.042%	$12.6M	$14.0M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4422	−0.026%	$4.2M	$9.9M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4421	−0.049%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4423	−0.004%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4423	−0.010%	$102K	$170K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4433	+0.214%	$103K	$46K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4428	+0.109%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4419	−0.086%	$57K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4427	+0.080%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4420	−0.075%	$6K	—	15x	as long as short
dYdX TIA-USDlong	+0.0183%	1h	0.4423	long leg	$53K	$139	10x
BloFin TIA-USDTshort	+0.0340%	4h	0.4423	−0.004%	$1.7M	$714K	75x
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4444	+0.471%	$48K	$94K	50x	as long as short