Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.078%

Price spread now: BingX against GMX+0.036%7-day average — · you sell dearer than you buy

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

Long on GMX Short on BingX

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

The price spread pays, funding is against you. BingX is 0.036% dearer against GMX than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TIA/USD [ETH-USDC]	0.4346	L +0.0110% / S +0.0053%	pay 0.0014% / 1h	35m 56s	$6K	—	100x
Short	BingX TIA-USDC	0.4348	0.0100	get 0.0050% / 4h	1h 35m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$2.18
Price spread: +0.036% → 0.000%: $3.61
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.56
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	3.45 bp	23.6 bp −$24	56.1 bp −$561	484.5 bp −$48.5K	750.1 bp −$375.1K

GMX: 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	0.4346	−0.010%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4346	−0.011%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0012%	1h	0.4355	+0.197%	$50K	$226K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4345	−0.033%	$2.7M	$6.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4351	+0.117%	$150K	$425K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4346	−0.010%	$7K	$252K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4353	+0.153%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	+0.059%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4349	+0.059%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4347	+0.013%	$9.8M	$14.0M	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	0.4349	+0.059%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4347	+0.013%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4345	−0.033%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4345	−0.033%	$4.3M	$3.8M	75x	as long as short
BingX TIA-USDCshort	+0.0100%	4h	0.4348	+0.036%	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4347	+0.020%	$100K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4345	−0.027%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4352	+0.128%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4344	−0.057%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4345	−0.033%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]long	L +0.0110% / S +0.0053%	1h	0.4346	long leg	$6K	—	100x
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4348	+0.036%	$345K	$201K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4356	+0.220%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4342	−0.105%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0315%	1h	0.4345	−0.027%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4354	+0.174%	$1.6M	$702K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+1.117%	$47K	$87K	50x	as long as short