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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against Extended+0.224%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$580.585% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.224%, 7d avg +0.141%
Together, before fees−0.030%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.083% dearer against Extended than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.141%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TIA-USD0.43440.0104pay 0.0013% / 1h16m 57s$55K$212K25x
ShortLighter TIA0.43540.0096get 0.0012% / 1h16m 57s$151K$428K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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
−$1.68
Price spread: +0.224% → +0.141%
$8.35
Slippage, 4 orders
−$53.46
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
−$51.8
Costs to cover
0.585%
Break-even
never at this rate
Slippage from Extended: live order book, 30 min ago; Lighter: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 30 min ago4.59 bp7.9 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 23 min ago2.20 bp13.4 bp −$1378.8 bp −$788327.3 bp −$32.7Kdoesn't fit

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
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4350+0.142%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4350+0.140%$1K150xas long as short
ApeX Omni TIAUSDT+0.0050%1h0.4352+0.188%$50K$227K50xas long as short
Lighter TIAshort+0.0096%1h0.4354+0.224%$151K$428K10x
Orderly PERP_TIA_USDC+0.0099%4h0.4350+0.142%$6K$268K10xas long as short
Hyperliquid TIA+0.0100%1h0.4352+0.197%$4.6M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4349+0.119%$32K$247K10xas long as short
Binance TIAUSDT+0.0100%4h0.4347+0.069%$13.5M$44.3M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4345+0.027%$9.7M$13.8M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4344+0.003%$2.7M$6.4M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4351+0.165%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4349+0.119%$9.9M$6.7M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4346+0.050%$4.2M$9.5M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4346+0.050%$4.4M$3.7M75xas long as short
BingX TIA-USDT+0.0100%4h0.4347+0.073%$103.1Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4349+0.107%$100K$174K10xas long as short
Variational Omni TIA+0.0100%4h0.4321−0.532%$101K$51Kas long as short
HTX TIA-USDT+0.0100%4h0.4349+0.119%$58K$73K50xas long as short
Extended TIA-USDlong+0.0104%1h0.4344long leg$55K$212K25x
Aevo TIA-PERP+0.0104%1h0.4346+0.061%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4347+0.070%$6K15xas long as short
GMX TIA/USD [ETH-USDC]L +0.0181% / S +0.0051%1h0.4349+0.125%$6K100xas long as short
Kraken Futures PF_TIAUSD+0.0193%1h0.4349+0.123%$345K$205K50xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4332−0.273%$25K$11K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4347+0.073%$1.6M$701K75xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4356+0.280%$47K$84K50xas long as short
dYdX TIA-USD+0.0431%1h0.4349+0.122%$52K$13910xas long as short