Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)−0.082%46s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.082% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4384	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	49m 36s	$1K	—	150x
Short	BingX TIA-USDT	0.4380	0.0100	get 0.0050% / 4h	49m 36s	—	$99.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $20.49
Price spread: −0.082% → 0.000%: −$8.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$7.72
Costs to cover: 0.200%
Break-even: 9.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	1.14 bp	8.0 bp −$8	14.3 bp −$143	55.9 bp −$5,589	397.2 bp −$198.6K

gTrade (Gains Network): 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
Deribit TIA_USDC-PERPETUAL	−0.0206%	1h	0.4380	−0.082%	$30K	$27K	25x	as long as short
Kraken Futures PF_TIAUSD	−0.0162%	1h	0.4381	−0.061%	$360K	$245K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0139%	4h	0.4378	−0.128%	$2.8M	$6.0M	50x	as long as short
ApeX Omni TIAUSDT	−0.0055%	1h	0.4377	−0.151%	$49K	$235K	50x	as long as short
KuCoin TIAUSDTM	−0.0024%	4h	0.4378	−0.128%	$4.2M	$8.6M	50x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4384	long leg	$1K	—	150x
Gate TIA_USDT	+0.0046%	4h	0.4382	−0.036%	$992K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4386	+0.066%	$140K	$361K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4382	−0.036%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4387	+0.068%	$4.3M	$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	0.4381	−0.068%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4382	−0.043%	$14.6M	$42.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4378	−0.128%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4380	−0.082%	$13.8M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4381	−0.059%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDTshort	+0.0100%	4h	0.4380	−0.082%	—	$99.0M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4381	−0.048%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4382	−0.038%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4373	−0.242%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4379	−0.101%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4380	−0.071%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4380	−0.088%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.123%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4384	+0.009%	$27K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4380	−0.082%	$1.1M	$570K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4382	−0.039%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0534%	1h	0.4383	−0.005%	$52K	$59	10x	as long as short