Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.086%

Price spread now: BloFin against Injective+0.090%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. BloFin is 0.090% dearer against Injective than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TIA/USDC PERP	0.4432	0.0496	pay 0.0062% / 1h	35m 10s	$26K	$10K	12x
Short	BloFin TIA-USDT	0.4436	0.0340	get 0.0170% / 4h	1h 35m	$1.5M	$712K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$32.86
Price spread: +0.090% → 0.000%: $9.03
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.86
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 8 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 8 min ago	3.39 bp	9.8 bp −$10	19.6 bp −$196	57.6 bp −$5,760	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit TIAUSDT	−0.0023%	4h	0.4435	+0.068%	$9.6M	$13.3M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4439	+0.158%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4437	+0.108%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0014%	4h	0.4436	+0.090%	$4.3M	$9.0M	50x	as long as short
ApeX Omni TIAUSDT	+0.0028%	1h	0.4416	−0.361%	$50K	$231K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0052%	4h	0.4438	+0.135%	$2.8M	$6.1M	50x	as long as short
Variational Omni TIA	+0.0052%	4h	0.4424	−0.189%	$103K	$84K	—	as long as short
Kraken Futures PF_TIAUSD	+0.0074%	1h	0.4436	+0.083%	$362K	$206K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4447	+0.332%	$157K	$415K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4445	+0.291%	$4.8M	$1.6M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4435	+0.058%	$32K	$246K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4440	+0.173%	$14.6M	$42.6M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4441	+0.203%	$999K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4439	+0.158%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4438	+0.135%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4437	+0.113%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4442	+0.235%	$103K	$154K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4435	+0.068%	$5K	$317K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4438	+0.135%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4435	+0.074%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4437	+0.117%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4436	+0.086%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0227%	1h	0.4429	−0.068%	$53K	$199	10x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4436	+0.090%	$1.5M	$712K	75x
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4430	−0.045%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0495% / S −0.1196%	1h	0.4437	+0.123%	$41K	—	100x	as long as short
Injective TIA/USDC PERPlong	+0.0496%	1h	0.4432	long leg	$26K	$10K	12x