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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.203%
Price spread now: Orderly against dYdX−0.116%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−0.544%−$54 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 −$3 a day on $10k at the current rate, and Orderly is 0.116% cheaper against dYdX than usual: you would sell low and buy high (−$12 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-USD0.44080.0199pay 0.0025% / 1h23m 32s$52K$19910x
ShortOrderly PERP_TIA_USDC0.44030.0099get 0.0050% / 4h2h 23m$5K$318K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$20.95
Price spread: −0.116% → 0.000%
−$11.61
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$48.56
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample
dYdX and Orderly: 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 26 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
ApeX Omni TIAUSDT−0.0147%1h0.4405−0.071%$50K$232K50xas long as short
OKX TIA-USDT-SWAP−0.0065%4h0.4400−0.184%$2.8M$6.1M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4407−0.029%$360K$214K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4404−0.093%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4405−0.073%$1K150xas long as short
KuCoin TIAUSDTM+0.0006%4h0.4403−0.116%$4.3M$8.9M50xas long as short
Lighter TIA+0.0096%1h0.4415+0.161%$156K$407K10xas long as short
Bybit TIAUSDT+0.0096%4h0.4400−0.184%$9.5M$13.0M50xas long as short
Orderly PERP_TIA_USDCshort+0.0099%4h0.4403−0.116%$5K$318K10x
Hyperliquid TIA+0.0100%1h0.4407−0.019%$4.7M$1.6M5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4410+0.044%$33K$245K10xas long as short
Binance TIAUSDT+0.0100%4h0.4404−0.084%$14.4M$42.6M75xas long as short
Gate TIA_USDT+0.0100%4h0.4407−0.025%$991K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4407−0.025%$12.4M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4405−0.071%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4404−0.093%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4407−0.019%$102K$161K10xas long as short
Variational Omni TIA+0.0100%4h0.4403−0.110%$103K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4406−0.048%$59K$75K50xas long as short
Extended TIA-USD+0.0104%1h0.4401−0.154%$42K$198K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4405−0.071%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4399−0.205%$6K15xas long as short
dYdX TIA-USDlong+0.0199%1h0.4408long leg$52K$19910x
Injective TIA/USDC PERP+0.0266%1h0.4402−0.139%$27K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4417+0.201%$52K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0464% / S −0.3505%1h0.4404−0.095%$36K100xas long as short