Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.223%

Price spread now: dYdX against Gate−0.221%46s7-day average — · you buy dearer than you sell

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

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.654%+$65 on $10k

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 −$1 a day on $10k at the current rate, and dYdX is 0.221% cheaper against Gate than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.654%, so the current rate has only just turned against you. 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	Gate TIA_USDT	0.4378	0.0100	pay 0.0050% / 4h	2h 49m	$983K	$1.8M	75x
Short	dYdX TIA-USD	0.4368	0.0066	get 0.0008% / 1h	49m 48s	$52K	$199	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.221%Rate

Funding earned: −$7.14
Price spread: −0.221% → 0.000%: −$22.05
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$54.19
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; dYdX: 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 Gate live order book, 3 min ago	5.72 bp	23.0 bp −$23	72.3 bp −$723	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
ApeX Omni TIAUSDT	−0.0496%	1h	0.4349	−0.662%	$49K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0118%	4h	0.4374	−0.091%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4375	−0.077%	$359K	$226K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4373	−0.114%	$30K	$27K	25x	as long as short
KuCoin TIAUSDTM	+0.0002%	4h	0.4376	−0.046%	$4.2M	$8.8M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4369	−0.201%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0061%	4h	0.4374	−0.091%	$9.5M	$13.0M	50x	as long as short
dYdX TIA-USDshort	+0.0066%	1h	0.4368	−0.221%	$52K	$199	10x
Lighter TIA	+0.0096%	1h	0.4377	−0.032%	$139K	$360K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4372	−0.137%	$5K	$345K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4382	+0.091%	$4.6M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4373	−0.108%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4378	0.000%	$14.4M	$42.1M	75x	as long as short
Gate TIA_USDTlong	+0.0100%	4h	0.4378	long leg	$983K	$1.8M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4378	0.000%	$12.6M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4375	−0.069%	$4.4M	$3.3M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4376	−0.046%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4375	−0.075%	$102K	$160K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4361	−0.392%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4370	−0.183%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4372	−0.143%	$49K	$189K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4373	−0.105%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4365	−0.305%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4352	−0.594%	$26K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4377	−0.023%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4366	−0.274%	$1.3M	$616K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0462% / S −0.3505%	1h	0.4370	−0.193%	$36K	—	100x	as long as short