Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h −0.008%

Price spread now: Injective against HTX−0.045%65s7-day average — · you buy dearer than you sell

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

Long on HTX Short on Injective

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.045% cheaper against HTX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$4 a day). The two prices were read 65 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	HTX TIA-USDT	0.4424	0.0100	pay 0.0050% / 4h	2m 01s	$59K	$74K	50x
Short	Injective TIA/USDC PERP	0.4422	0.0237	get 0.0030% / 1h	2m 01s	$26K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.045%Rate

Funding earned: $28.7
Price spread: −0.045% → 0.000%: −$4.52
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $12.16
Costs to cover: 0.120%
Break-even: 4.0 days

Slippage unknown: HTX: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

HTX and Injective: 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	−0.0070%	1h	0.4414	−0.226%	$50K	$230K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4425	+0.023%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4424	+0.008%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0091%	4h	0.4411	−0.300%	$103K	$66K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4430	+0.140%	$156K	$420K	10x	as long as short
KuCoin TIAUSDTM	+0.0098%	4h	0.4421	−0.068%	$4.3M	$9.2M	50x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4424	0.000%	$5K	$249K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4428	+0.090%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4423	−0.032%	$33K	$245K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4424	0.000%	$14.5M	$43.1M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	+0.0100%	4h	0.4421	−0.068%	$9.8M	$13.6M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4420	−0.090%	$2.8M	$6.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4426	+0.045%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4425	+0.023%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4424	0.000%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4422	−0.045%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4424	0.000%	$102K	$166K	10x	as long as short
HTX TIA-USDTlong	+0.0100%	4h	0.4424	long leg	$59K	$74K	50x
Extended TIA-USD	+0.0104%	1h	0.4420	−0.084%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4424	−0.011%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0164%	1h	0.4425	+0.017%	$361K	$194K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4419	−0.117%	$6K	—	15x	as long as short
Injective TIA/USDC PERPshort	+0.0237%	1h	0.4422	−0.045%	$26K	$10K	12x
BloFin TIA-USDT	+0.0340%	4h	0.4419	−0.113%	$1.6M	$737K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4449	+0.565%	$52K	$77K	50x	as long as short
dYdX TIA-USD	+0.0426%	1h	0.4422	−0.042%	$53K	$139	10x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0495% / S −0.1196%	1h	0.4424	0.000%	$40K	—	100x	as long as short