Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.101%

Price spread now: BloFin against gTrade (Gains Network)−0.025%7-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 BloFin

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. BloFin is 0.025% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4315	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	8m 39s	$1K	—	150x
Short	BloFin TIA-USDT	0.4314	0.0340	get 0.0170% / 4h	2h 08m	$1.0M	$540K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.025%Rate

Funding earned: $70.89
Price spread: −0.025% → 0.000%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $46.43
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 9 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 BloFin live order book, 9 min ago	2.31 bp	8.3 bp −$8	15.6 bp −$156	57.6 bp −$5,758	doesn't fit

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
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4314	−0.036%	$355K	$239K	50x	as long as short
Gate TIA_USDT	−0.0062%	4h	0.4310	−0.117%	$994K	$1.8M	75x	as long as short
KuCoin TIAUSDTM	−0.0046%	4h	0.4309	−0.140%	$4.1M	$8.5M	50x	as long as short
OKX TIA-USDT-SWAP	−0.0026%	4h	0.4312	−0.071%	$2.7M	$5.8M	50x	as long as short
Bybit TIAUSDT	−0.0007%	4h	0.4311	−0.094%	$9.4M	$13.0M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4315	−0.001%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4315	long leg	$1K	—	150x
ApeX Omni TIAUSDT	+0.0018%	1h	0.4315	−0.001%	$49K	$236K	50x	as long as short
Variational Omni TIA	+0.0068%	4h	0.4308	−0.155%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4316	+0.024%	$127K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4312	−0.071%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4316	+0.033%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4316	+0.011%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4314	−0.025%	$14.1M	$41.0M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4313	−0.048%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4310	−0.117%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4311	−0.094%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4313	−0.052%	$100K	$151K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4312	−0.071%	$63K	$38K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4311	−0.099%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4314	−0.036%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4311	−0.094%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4345	+0.694%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4318	+0.068%	$26K	$10K	12x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4314	−0.025%	$1.0M	$540K	75x
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4314	−0.019%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0778%	1h	0.4316	+0.014%	$51K	$59	10x	as long as short