Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h −0.036%

Price spread now: Gate against Hyperliquid−0.083%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.123%+$12 · spread now −0.083%, 7d avg −0.051%

Together, before fees+0.055%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TIA	0.4322	0.0100	pay 0.0013% / 1h	56m 52s	$4.2M	$1.5M	5x
Short	Gate TIA_USDT	0.4318	−0.0054	pay 0.0027% / 4h	1h 56m	$993K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersPrice spread, now −0.083%Rate

Funding earned: −$32.34
Price spread: −0.083% → −0.051%: −$3.23
Slippage, 4 orders: −$54.79
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$114.36
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Gate: live order book, 1 min ago.

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 Hyperliquid live order book, 5 min ago	0.58 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.80 bp	23.6 bp −$24	68.1 bp −$681	doesn't fit	doesn't fit

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
Kraken Futures PF_TIAUSD	−0.0229%	1h	0.4311	−0.240%	$355K	$239K	50x	as long as short
Gate TIA_USDTshort	−0.0054%	4h	0.4318	−0.083%	$993K	$1.8M	75x
KuCoin TIAUSDTM	−0.0050%	4h	0.4319	−0.060%	$4.2M	$8.5M	50x	as long as short
Bybit TIAUSDT	−0.0018%	4h	0.4318	−0.083%	$9.4M	$13.0M	50x	as long as short
OKX TIA-USDT-SWAP	−0.0013%	4h	0.4318	−0.083%	$2.7M	$5.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4314	−0.176%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4315	−0.153%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0081%	1h	0.4305	−0.384%	$48K	$236K	50x	as long as short
Variational Omni TIA	+0.0088%	4h	0.4302	−0.445%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4317	−0.102%	$127K	$350K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4312	−0.222%	$5K	$360K	10x	as long as short
Hyperliquid TIAlong	+0.0100%	1h	0.4322	long leg	$4.2M	$1.5M	5x
Aster TIAUSDT	+0.0100%	4h	0.4317	−0.106%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4320	−0.034%	$14.1M	$40.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4320	−0.037%	$9.1M	$5.4M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4318	−0.083%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4319	−0.060%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4317	−0.113%	$100K	$150K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4308	−0.315%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4316	−0.121%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4312	−0.222%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4310	−0.268%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4312	−0.227%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4345	+0.541%	$48K	$72K	50x	as long as short
dYdX TIA-USD	+0.0308%	1h	0.4307	−0.348%	$51K	$59	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4306	−0.361%	$1.0M	$539K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4314	−0.167%	$35K	—	100x	as long as short