Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.028%

Price spread now: Orderly against gTrade (Gains Network)−0.022%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 Orderly

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. Orderly is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 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	0.4351	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	31m 01s	$1K	—	150x
Short	Orderly PERP_TIA_USDC	0.4350	0.0099	get 0.0050% / 4h	1h 31m	$7K	$252K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.022%Rate

Funding earned: $20.34
Price spread: −0.022% → 0.000%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.11
Costs to cover: 0.160%
Break-even: 6.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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	0.0000%	1h	0.4352	+0.024%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4351	long leg	$1K	—	150x
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4346	−0.114%	$2.7M	$6.4M	50x	as long as short
ApeX Omni TIAUSDT	+0.0090%	1h	0.4346	−0.114%	$50K	$226K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4356	+0.123%	$150K	$425K	10x	as long as short
Orderly PERP_TIA_USDCshort	+0.0099%	4h	0.4350	−0.022%	$7K	$252K	10x
Hyperliquid TIA	+0.0100%	1h	0.4357	+0.145%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	−0.045%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4348	−0.058%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4349	−0.045%	$9.8M	$13.9M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4352	+0.024%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4348	−0.068%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4348	−0.068%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4347	−0.091%	$4.3M	$3.8M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4347	−0.091%	—	$103.2M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4352	+0.028%	$100K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4345	−0.132%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4351	+0.001%	$58K	$73K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0101% / S +0.0053%	1h	0.4351	+0.010%	$6K	—	100x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4345	−0.138%	$56K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4350	−0.022%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4350	−0.033%	$345K	$204K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4354	+0.070%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4347	−0.094%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4350	−0.022%	$1.6M	$702K	75x	as long as short
dYdX TIA-USD	+0.0396%	1h	0.4350	−0.017%	$52K	$139	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+1.012%	$47K	$87K	50x	as long as short