Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0212%/8h= −23.3% APRpaid last 24h +0.036%

Price spread now: Variational Omni against Injective+0.055%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.055% dearer against Injective than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TIA/USDC PERP	0.4300	0.0210	pay 0.0026% / 1h	34m 56s	$26K	$10K	12x
Short	Variational Omni TIA	0.4302	−0.0003	pay 0.0001% / 4h	2h 34m	$101K	$85K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: −$44.62
Price spread: +0.055% → 0.000%: $5.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.18
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Injective and Variational Omni: 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	−0.0399%	4h	0.4306	+0.140%	$9.3M	$13.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4311	+0.267%	$355K	$239K	50x	as long as short
ApeX Omni TIAUSDT	−0.0138%	1h	0.4305	+0.116%	$48K	$235K	50x	as long as short
Gate TIA_USDT	−0.0090%	4h	0.4307	+0.163%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0019%	4h	0.4306	+0.140%	$2.7M	$5.7M	50x	as long as short
KuCoin TIAUSDTM	−0.0012%	4h	0.4305	+0.116%	$4.1M	$8.6M	50x	as long as short
Variational Omni TIAshort	−0.0003%	4h	0.4302	+0.055%	$101K	$85K	—
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4310	+0.233%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4310	+0.222%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0035%	1h	0.4309	+0.207%	$102K	$150K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4312	+0.274%	$127K	$353K	10x	as long as short
Aster TIAUSDT	+0.0098%	4h	0.4310	+0.237%	$34K	$272K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4307	+0.163%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4314	+0.333%	$4.2M	$1.5M	5x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4309	+0.209%	$14.0M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4309	+0.209%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4307	+0.163%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4306	+0.140%	—	$101.0M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4307	+0.163%	$73K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4306	+0.140%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4309	+0.203%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4307	+0.161%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4322	+0.512%	$48K	$71K	50x	as long as short
Injective TIA/USDC PERPlong	+0.0210%	1h	0.4300	long leg	$26K	$10K	12x
BloFin TIA-USDT	+0.0340%	4h	0.4305	+0.116%	$1.0M	$514K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4310	+0.242%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0819%	1h	0.4308	+0.183%	$51K	$59	10x	as long as short