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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.5396%/8h= +590.8% APRnext payment +$6.74 per $10,000 · paid last 24h +0.126%
Price spread now: gTrade (Gains Network) against GMX−0.072%59s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. gTrade (Gains Network) is 0.072% cheaper against GMX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 1 hour of funding at the current rate (+$162 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX TIA/USD [ETH-USDC]0.4411L −0.5395% / S +0.0228%get 0.0674% / 1h8m 26s$5K100x
ShortgTrade (Gains Network) TIA/USD0.4407L +0.0002% / S 0.0000%get 0.0000% / 1h8m 26s$1K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
$1,133.09
Price spread: −0.072% → 0.000%
−$7.23
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$1,103.86
Costs to cover
0.220%
Break-even
0.2 days
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell gTrade (Gains Network) no order-book sample
GMX and 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX TIA/USD [ETH-USDC]longL −0.5395% / S +0.0228%1h0.4411long leg$5K100x
Injective TIA/USDC PERP−0.0224%1h0.4404−0.151%$84K$165K12xas long as short
Kraken Futures PF_TIAUSD−0.0085%1h0.4406−0.099%$350K$272K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4410−0.015%$33K$20K25xas long as short
gTrade (Gains Network) TIA/USDshortL +0.0002% / S 0.0000%1h0.4407−0.072%$1K150x
KuCoin TIAUSDTM+0.0036%4h0.4406−0.105%$4.1M$10.8M50xas long as short
Bybit TIAUSDT+0.0062%4h0.4404−0.151%$9.8M$14.7M50xas long as short
Variational Omni TIA+0.0065%4h0.4395−0.348%$82K$116Kas long as short
Bitget TIAUSDT+0.0080%4h0.4400−0.241%$4.4M$4.4M75xas long as short
Lighter TIA+0.0096%1h0.4411−0.001%$166K$485K10xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0098%4h0.4407−0.083%$6K$156K10xas long as short
Hyperliquid TIA+0.0100%1h0.4412+0.029%$4.7M$1.6M5xas long as short
Aster TIAUSDT+0.0100%4h0.4408−0.060%$21K$308K10xas long as short
Binance TIAUSDT+0.0100%4h0.4405−0.126%$14.1M$52.0M75xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4400−0.241%$2.7M$6.8M50xas long as short
Gate TIA_USDT+0.0100%4h0.4405−0.128%$990K$1.7M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4405−0.128%$10.5M$18.9M300xas long as short
BingX TIA-USDC+0.0100%4h0.4406−0.105%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4411+0.001%$104K$188K10xas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4394−0.377%$51K$215K50xas long as short
HTX TIA-USDT+0.0100%4h0.4412+0.031%$59K$79K50xas long as short
Extended TIA-USD+0.0104%1h0.4400−0.243%$56K$206K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4409−0.029%$7K3xas long as short
Reya TIARUSDPERP+0.0183%1h0.4400−0.233%$6K15xas long as short
dYdX TIA-USD+0.0305%1h0.4408−0.067%$52K$13910xas long as short
BloFin TIA-USDT+0.0340%4h0.4411+0.008%$1.3M$847K75xas long as short
Coinbase International TIA-PERP-INTX+0.0368%1h0.4412+0.031%$53K$111K50xas long as short