Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.001%

Price spread now: OKX against gTrade (Gains Network)−0.160%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 OKX

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.160% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4379	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	32m 41s	$1K	—	150x
Short	OKX TIA-USDT-SWAP	0.4372	−0.0169	pay 0.0085% / 4h	3h 32m	$2.8M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$36.07
Price spread: −0.160% → 0.000%: −$15.99
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.06
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	1.14 bp	15.2 bp −$15	49.1 bp −$491	doesn't fit	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
OKX TIA-USDT-SWAPshort	−0.0169%	4h	0.4372	−0.160%	$2.8M	$5.9M	50x
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4377	−0.039%	$360K	$233K	50x	as long as short
KuCoin TIAUSDTM	−0.0038%	4h	0.4376	−0.069%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4378	−0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4379	long leg	$1K	—	150x
ApeX Omni TIAUSDT	+0.0041%	1h	0.4373	−0.137%	$49K	$235K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4383	+0.084%	$140K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4377	−0.046%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4383	+0.087%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4378	−0.023%	$34K	$249K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4377	−0.038%	$14.6M	$41.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4374	−0.114%	$9.6M	$12.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4377	−0.046%	$982K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4376	−0.069%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4375	−0.091%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4373	−0.137%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4377	−0.053%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4370	−0.210%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4376	−0.069%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4370	−0.203%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4377	−0.054%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4382	+0.069%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4376	−0.077%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.228%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4377	−0.046%	$1.2M	$578K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4378	−0.030%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0914%	1h	0.4377	−0.041%	$52K	$59	10x	as long as short