Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.184%

Price spread now: MEXC against dYdX+0.110%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.572%−$57 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. MEXC is 0.110% dearer against dYdX than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.572% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TIA-USD	0.4390	0.0233	pay 0.0029% / 1h	42m 34s	$52K	$199	10x
Short	MEXC TIA_USDT	0.4395	0.0100	get 0.0050% / 4h	42m 34s	$11.9M	$6.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$27.83
Price spread: +0.110% → 0.000%: $11.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.82
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 6 min ago	1.14 bp	3.0 bp −$3	13.1 bp −$131	71.6 bp −$7,158	127.2 bp −$63.6K

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
Variational Omni TIA	−0.0089%	4h	0.4386	−0.102%	$103K	$85K	—	as long as short
Bybit TIAUSDT	−0.0082%	4h	0.4388	−0.049%	$9.6M	$13.5M	50x	as long as short
ApeX Omni TIAUSDT	−0.0073%	1h	0.4385	−0.118%	$49K	$231K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4390	−0.004%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4392	+0.042%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0014%	4h	0.4392	+0.042%	$4.2M	$9.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4397	+0.158%	$156K	$418K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4389	−0.027%	$5K	$277K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4394	+0.094%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4389	−0.031%	$32K	$245K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4391	+0.019%	$14.3M	$42.9M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4387	−0.072%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4393	+0.065%	$995K	$1.8M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4395	+0.110%	$11.9M	$6.6M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4391	+0.019%	$4.4M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4390	−0.004%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4390	−0.004%	$102K	$157K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4383	−0.163%	$58K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4389	−0.024%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4388	−0.049%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0165%	1h	0.4394	+0.096%	$359K	$195K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4387	−0.082%	$6K	—	15x	as long as short
dYdX TIA-USDlong	+0.0233%	1h	0.4390	long leg	$52K	$199	10x
Injective TIA/USDC PERP	+0.0237%	1h	0.4406	+0.361%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4393	+0.065%	$1.6M	$734K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4406	+0.361%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4391	+0.019%	$40K	—	100x	as long as short