Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.036%
Price spread now: Hyperliquid against Gate+0.255%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$790.788% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.068%+$7 on $10k
Price spread, last 7 days−0.294%−$29 · spread now +0.255%, 7d avg +0.051%
Together, before fees−0.226%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.204% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TIA_USDT0.4318−0.0054get 0.0027% / 4h1h 56m$993K$1.8M75x
ShortHyperliquid TIA0.43290.0100get 0.0013% / 1h56m 47s$4.2M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$32.34
Price spread: +0.255% → +0.051%
$20.37
Slippage, 4 orders
−$54.79
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$26.08
Costs to cover
0.788%
Break-even
12.6 days
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago5.80 bp27.4 bp −$2781.5 bp −$815doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.58 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TIAUSD−0.0229%1h0.4311−0.157%$355K$239K50xas long as short
Gate TIA_USDTlong−0.0054%4h0.4318long leg$993K$1.8M75x
KuCoin TIAUSDTM−0.0046%4h0.4319+0.023%$4.2M$8.5M50xas long as short
OKX TIA-USDT-SWAP−0.0013%4h0.4319+0.023%$2.7M$5.8M50xas long as short
Bybit TIAUSDT0.0000%4h0.43180.000%$9.4M$13.0M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4314−0.093%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4315−0.069%$1K150xas long as short
ApeX Omni TIAUSDT+0.0081%1h0.4305−0.301%$48K$236K50xas long as short
Variational Omni TIA+0.0088%4h0.4302−0.362%$101K$85Kas long as short
Lighter TIA+0.0096%1h0.4327+0.213%$128K$350K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0098%4h0.4312−0.139%$5K$360K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4329+0.255%$4.2M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4317−0.017%$34K$272K10xas long as short
Binance TIAUSDT+0.0100%4h0.4322+0.093%$14.1M$40.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4323+0.116%$9.1M$5.4M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4321+0.069%$4.4M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4319+0.023%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4317−0.030%$100K$150K10xas long as short
HTX TIA-USDT+0.0100%4h0.4308−0.232%$64K$41K50xas long as short
Extended TIA-USD+0.0104%1h0.4316−0.038%$58K$165K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4312−0.139%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4310−0.185%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4312−0.144%$6K15xas long as short
dYdX TIA-USD+0.0205%1h0.4325+0.153%$51K$5910xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4345+0.625%$48K$72K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4306−0.278%$1.0M$539K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0456% / S −0.3505%1h0.4314−0.084%$35K100xas long as short