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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.190%
Price spread now: Bybit against dYdX−0.074%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−0.568%−$57 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 −$10 a day on $10k at the current rate, and Bybit is 0.074% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX TIA-USD0.43880.0196pay 0.0025% / 1h50m 12s$52K$19910x
ShortBybit TIAUSDT0.4385−0.0131pay 0.0066% / 4h50m 12s$9.6M$13.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$68.75
Price spread: −0.074% → 0.000%
−$7.42
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$97.16
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago2.27 bp13.2 bp −$1331.0 bp −$310161.7 bp −$16.2Kdoesn'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
Bybit TIAUSDTshort−0.0131%4h0.4385−0.074%$9.6M$13.4M50x
Variational Omni TIA−0.0085%4h0.4388−0.012%$103K$85Kas long as short
KuCoin TIAUSDTM−0.0006%4h0.4389+0.017%$4.2M$9.1M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4389+0.017%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4389+0.014%$1K150xas long as short
Lighter TIA+0.0096%1h0.4395+0.145%$156K$417K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4387−0.029%$5K$282K10xas long as short
Hyperliquid TIA+0.0100%1h0.4394+0.133%$4.7M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4391+0.070%$32K$245K10xas long as short
Binance TIAUSDT+0.0100%4h0.4390+0.040%$14.3M$42.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TIA-USDT-SWAP+0.0100%4h0.4385−0.074%$2.8M$6.2M50xas long as short
Gate TIA_USDT+0.0100%4h0.4390+0.040%$994K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4390+0.040%$12.0M$6.5M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4389+0.017%$4.5M$3.4M75xas long as short
BingX TIA-USDT+0.0100%4h0.4388−0.006%$99.1Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4394+0.120%$102K$156K10xas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4412+0.541%$50K$231K50xas long as short
HTX TIA-USDT+0.0100%4h0.4397+0.199%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4384−0.094%$55K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4379−0.208%$7K3xas long as short
Kraken Futures PF_TIAUSD+0.0165%1h0.4392+0.083%$359K$196K50xas long as short
Reya TIARUSDPERP+0.0180%1h0.4385−0.078%$6K15xas long as short
dYdX TIA-USDlong+0.0196%1h0.4388long leg$52K$19910x
Injective TIA/USDC PERP+0.0237%1h0.4405+0.382%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4391+0.063%$1.6M$717K75xas long as short
Coinbase International TIA-PERP-INTX+0.0384%1h0.4387−0.029%$51K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0493% / S −0.1196%1h0.4389+0.022%$40K100xas long as short