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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.224%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$610.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$6 on $10k
Price spread, last 7 days+0.236%+$24 · spread now −0.224%, 7d avg −0.100%
Together, before fees+0.292%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 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: Bitget is 0.124% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.100%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.44140.0100pay 0.0013% / 1h10m 59s$4.7M$1.6M5x
ShortBitget TIAUSDT0.44040.0100get 0.0050% / 4h2h 10m$4.5M$3.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.224% → −0.100%
−$12.4
Slippage, 4 orders
−$39.54
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$72.95
Costs to cover
0.605%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Bitget: live order book, 2 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, 11 min ago0.11 bp18.8 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago1.14 bp15.7 bp −$1637.7 bp −$377doesn't fitdoesn't fit

TIA on 26 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
OKX TIA-USDT-SWAP−0.0036%4h0.4402−0.270%$2.8M$6.1M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4409−0.120%$360K$213K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4409−0.111%$31K$27K25xas long as short
ApeX Omni TIAUSDT+0.0002%1h0.4400−0.315%$50K$232K50xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4405−0.205%$1K150xas long as short
KuCoin TIAUSDTM+0.0006%4h0.4404−0.224%$4.2M$8.9M50xas long as short
Lighter TIA+0.0096%1h0.4414+0.011%$156K$409K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4407−0.156%$5K$318K10xas long as short
Hyperliquid TIAlong+0.0100%1h0.4414long leg$4.7M$1.6M5x
Aster TIAUSDT+0.0100%4h0.4406−0.180%$32K$245K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4406−0.170%$14.4M$42.6M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4402−0.270%$9.6M$13.1M50xas long as short
Gate TIA_USDT+0.0100%4h0.4406−0.179%$991K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4409−0.111%$12.4M$6.8M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4404−0.224%$4.5M$3.5M75x
BingX TIA-USDT+0.0100%4h0.4407−0.156%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4408−0.134%$102K$160K10xas long as short
Variational Omni TIA+0.0100%4h0.4402−0.276%$103K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4405−0.202%$59K$75K50xas long as short
Extended TIA-USD+0.0104%1h0.4405−0.204%$42K$198K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4407−0.145%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4402−0.262%$6K15xas long as short
dYdX TIA-USD+0.0192%1h0.4403−0.242%$52K$19910xas long as short
Injective TIA/USDC PERP+0.0266%1h0.4411−0.066%$27K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4415+0.025%$52K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0464% / S −0.3505%1h0.4406−0.175%$36K100xas long as short