Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.062%

Price spread now: Deribit against HTX+0.091%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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. Deribit is 0.091% dearer against HTX than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TIA-USDT	0.4372	0.0100	pay 0.0050% / 4h	3h 39m	$58K	$68K	50x
Short	Deribit TIA_USDC-PERPETUAL	0.4376	0	get 0.0000% / 1h	39m 53s	$30K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$21
Price spread: +0.091% → 0.000%: $9.15
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.85
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Deribit: 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 HTX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

HTX and Deribit: 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
OKX TIA-USDT-SWAP	−0.0185%	4h	0.4372	0.000%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4377	+0.115%	$360K	$246K	50x	as long as short
KuCoin TIAUSDTM	−0.0056%	4h	0.4373	+0.023%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4376	+0.091%	$30K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4377	+0.118%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0015%	1h	0.4376	+0.091%	$49K	$235K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4381	+0.201%	$140K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4375	+0.069%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4381	+0.197%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4379	+0.163%	$34K	$249K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4376	+0.093%	$14.6M	$41.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4373	+0.023%	$9.6M	$13.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4375	+0.069%	$981K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4376	+0.091%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4375	+0.069%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4374	+0.046%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4376	+0.091%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4376	+0.087%	$102K	$84K	—	as long as short
HTX TIA-USDTlong	+0.0100%	4h	0.4372	long leg	$58K	$68K	50x
Extended TIA-USD	+0.0104%	1h	0.4373	+0.014%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4375	+0.080%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4385	+0.297%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4374	+0.038%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.389%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4378	+0.137%	$1.2M	$578K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4376	+0.102%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0785%	1h	0.4376	+0.099%	$52K	$59	10x	as long as short