Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.023%

Price spread now: Bybit against gTrade (Gains Network)−0.055%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 Bybit

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. Bybit is 0.055% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4331	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	33m 50s	$1K	—	150x
Short	Bybit TIAUSDT	0.4329	0.0100	get 0.0050% / 4h	1h 33m	$9.5M	$13.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.055%Rate

Funding earned: $20.49
Price spread: −0.055% → 0.000%: −$5.52
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.03
Costs to cover: 0.210%
Break-even: 9.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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 Bybit live order book, 4 min ago	1.15 bp	14.7 bp −$15	38.0 bp −$380	214.6 bp −$21.5K	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	−0.0228%	1h	0.4334	+0.050%	$354K	$242K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0212%	1h	0.4331	−0.009%	$30K	$27K	25x	as long as short
OKX TIA-USDT-SWAP	−0.0059%	4h	0.4330	−0.032%	$2.7M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0050%	4h	0.4333	+0.037%	$4.2M	$8.6M	50x	as long as short
Gate TIA_USDT	−0.0044%	4h	0.4333	+0.037%	$996K	$1.8M	75x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4331	long leg	$1K	—	150x
Variational Omni TIA	+0.0094%	4h	0.4329	−0.055%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4338	+0.162%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4329	−0.055%	$5K	$362K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4341	+0.213%	$4.2M	$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	0.4330	−0.028%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4334	+0.065%	$14.6M	$41.9M	75x	as long as short
Bybit TIAUSDTshort	+0.0100%	4h	0.4329	−0.055%	$9.5M	$13.2M	50x
MEXC TIA_USDT	+0.0100%	4h	0.4335	+0.083%	$14.0M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4333	+0.037%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4334	+0.060%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4333	+0.039%	$100K	$149K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4339	+0.176%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4330	−0.032%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4332	+0.025%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4333	+0.026%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4342	+0.245%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4324	−0.181%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4339	+0.176%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4323	−0.194%	$1.1M	$548K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4331	−0.019%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0720%	1h	0.4334	+0.070%	$51K	$59	10x	as long as short