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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.072%
Price spread now: BloFin against Hyperliquid−0.233%67s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$600.603% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.291%+$29 on $10k
Price spread, last 4 days (all we have)+0.573%+$57 · spread now −0.233%, 7d avg −0.052%
Together, before fees+0.863%+ Points / potential airdropHyperliquid: Season 2 · farm board+$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.181% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of −0.052%). If the spread goes back, that is −$18 on $10k: about 2.5 days of funding at the current rate (+$7 a day). The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.44150.0100pay 0.0013% / 1h43m 58s$4.7M$1.6M5x
ShortBloFin TIA-USDT0.44050.0340get 0.0170% / 4h1h 43m$1.4M$706K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$50.4
Price spread: −0.233% → −0.052%
−$18.14
Slippage, 4 orders
−$39.31
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$28.05
Costs to cover
0.603%
Break-even
10.9 days
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 69 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 ago1.13 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 69 min ago2.29 bp17.0 bp −$1731.2 bp −$31279.6 bp −$7,956doesn't fit

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
ApeX Omni TIAUSDT−0.0019%1h0.4399−0.369%$50K$232K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4407−0.188%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4407−0.190%$1K150xas long as short
Bybit TIAUSDT+0.0005%4h0.4409−0.143%$9.5M$13.3M50xas long as short
KuCoin TIAUSDTM+0.0016%4h0.4407−0.188%$4.2M$9.0M50xas long as short
OKX TIA-USDT-SWAP+0.0019%4h0.4411−0.097%$2.8M$6.1M50xas long as short
Kraken Futures PF_TIAUSD+0.0075%1h0.4409−0.144%$360K$208K50xas long as short
Variational Omni TIA+0.0089%4h0.4399−0.375%$103K$84Kas long as short
Lighter TIA+0.0096%1h0.4413−0.048%$156K$413K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4405−0.233%$5K$317K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIAlong+0.0100%1h0.4415long leg$4.7M$1.6M5x
Aster TIAUSDT+0.0100%4h0.4406−0.212%$32K$246K10xas long as short
Binance TIAUSDT+0.0100%4h0.4411−0.099%$14.5M$42.7M75xas long as short
Gate TIA_USDT+0.0100%4h0.4410−0.120%$992K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4410−0.120%$12.3M$6.5M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4412−0.075%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4411−0.097%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4408−0.168%$103K$153K10xas long as short
HTX TIA-USDT+0.0100%4h0.4404−0.256%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4408−0.175%$56K$212K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4406−0.208%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4404−0.249%$6K15xas long as short
dYdX TIA-USD+0.0251%1h0.4411−0.097%$52K$19910xas long as short
BloFin TIA-USDTshort+0.0340%4h0.4405−0.233%$1.4M$706K75x
Coinbase International TIA-PERP-INTX+0.0376%1h0.4430+0.333%$52K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0494% / S −0.1196%1h0.4406−0.210%$40K100xas long as short
Injective TIA/USDC PERP+0.0496%1h0.4401−0.324%$26K$10K12xas long as short