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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.139%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$540.537% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 7 days+0.121%+$12 · spread now −0.139%, 7d avg −0.076%
Together, before fees+0.204%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.063% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.43970.0100pay 0.0013% / 1h4m 00s$4.7M$1.5M5x
ShortBingX TIA-USDT0.43910.0100get 0.0050% / 4h1h 04m$104.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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
$0
Price spread: −0.139% → −0.076%
−$6.29
Slippage, 4 orders
−$34.71
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$60
Costs to cover
0.537%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BingX: 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 Hyperliquid live order book, 8 min ago2.49 bp17.2 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 5 min ago3.41 bp13.3 bp −$1321.9 bp −$21967.3 bp −$6,732404.5 bp −$202.3K

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
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4391−0.139%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4392−0.122%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0042%4h0.4388−0.207%$2.8M$6.5M50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0055% / S +0.0055%1h0.4390−0.150%$6K100xas long as short
Lighter TIA+0.0096%1h0.4394−0.071%$150K$426K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4390−0.161%$7K$242K10xas long as short
Hyperliquid TIAlong+0.0100%1h0.4397long leg$4.7M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4391−0.136%$33K$247K10xas long as short
Binance TIAUSDT+0.0100%4h0.4393−0.093%$13.8M$47.7M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4391−0.139%$9.9M$13.9M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4393−0.093%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4392−0.116%$12.8M$14.2M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4390−0.161%$4.2M$9.8M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4388−0.207%$4.4M$3.8M75xas long as short
BingX TIA-USDTshort+0.0100%4h0.4391−0.139%$104.0M
Backpack TIA_USDC_PERP+0.0100%1h0.4392−0.125%$103K$170K10xas long as short
Variational Omni TIA+0.0100%4h0.4399+0.048%$103K$50Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4399+0.043%$50K$225K50xas long as short
HTX TIA-USDT+0.0100%4h0.4396−0.025%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4389−0.179%$56K$210K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4390−0.161%$7K3xas long as short
Kraken Futures PF_TIAUSD+0.0145%1h0.4393−0.097%$348K$202K50xas long as short
Injective TIA/USDC PERP+0.0176%1h0.4399+0.043%$24K$12K12xas long as short
Reya TIARUSDPERP+0.0181%1h0.4387−0.233%$6K15xas long as short
BloFin TIA-USDT+0.0340%4h0.4401+0.089%$1.7M$710K75xas long as short
Coinbase International TIA-PERP-INTX+0.0408%1h0.4413+0.362%$48K$87K50xas long as short
dYdX TIA-USD+0.0465%1h0.4392−0.113%$52K$13910xas long as short