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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Hyperliquid−0.226%7-day average −0.156% · 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−$50as in the Price arb table
costs, in and out, $10k−$430.429% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.226%, 7d avg −0.156%
Together, before fees−0.016%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$2 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: Extended is 0.070% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.156%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.43170.0100pay 0.0013% / 1h51m 40s$4.2M$1.5M5x
ShortExtended TIA-USD0.43070.0104get 0.0013% / 1h51m 40s$58K$165K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.226% → −0.156%
−$7.02
Slippage, 4 orders
−$28.87
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$49.05
Costs to cover
0.429%
Break-even
415.8 days
Slippage from Hyperliquid: live order book, 10 min ago; Extended: live order book, 29 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, 10 min ago0.58 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 29 min ago4.61 bp7.9 bp −$8doesn't fitdoesn't fitdoesn'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
Kraken Futures PF_TIAUSD−0.0230%1h0.4307−0.223%$354K$239K50xas long as short
KuCoin TIAUSDTM−0.0048%4h0.4312−0.118%$4.1M$8.5M50xas long as short
Gate TIA_USDT−0.0044%4h0.4309−0.188%$991K$1.8M75xas long as short
OKX TIA-USDT-SWAP−0.0020%4h0.4308−0.211%$2.7M$5.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4310−0.164%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4310−0.157%$1K150xas long as short
Bybit TIAUSDT+0.0030%4h0.4309−0.188%$9.4M$13.1M50xas long as short
Variational Omni TIA+0.0066%4h0.4320+0.070%$101K$84Kas long as short
Lighter TIA+0.0096%1h0.4315−0.039%$127K$351K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4309−0.188%$5K$361K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIAlong+0.0100%1h0.4317long leg$4.2M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4309−0.192%$34K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4311−0.141%$14.1M$41.0M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4312−0.118%$14.8M$6.0M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4309−0.188%$4.4M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4310−0.164%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4309−0.199%$100K$149K10xas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4328+0.252%$49K$237K50xas long as short
HTX TIA-USDT+0.0100%4h0.4307−0.234%$64K$41K50xas long as short
Extended TIA-USDshort+0.0104%1h0.4307−0.226%$58K$165K25x
Aevo TIA-PERP+0.0104%1h0.4308−0.211%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4331+0.322%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4307−0.239%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4315−0.049%$48K$72K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4312−0.118%$1.0M$540K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0456% / S −0.3505%1h0.4310−0.154%$35K100xas long as short
dYdX TIA-USD+0.0473%1h0.4314−0.081%$51K$5910xas long as short