Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.3541%/8h= +387.8% APRpaid last 24h +0.428%

Price spread now: GMX against KuCoin+0.064%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

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—needs both histories

Both sides work for this trade now. Funding pays +$106 a day on $10k at the current rate, and GMX is 0.064% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4356	−0.0036	get 0.0018% / 4h	23m 24s	$4.2M	$8.7M	50x
Short	GMX TIA/USD [ETH-USDC]	0.4359	L +0.0459% / S −0.3505%	get 0.0438% / 1h	23m 24s	$36K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $743.71
Price spread: +0.064% → 0.000%: $6.43
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $726.13
Costs to cover: 0.240%
Break-even: 0.2 days

Slippage unknown: KuCoin: live order book, 5 min ago; GMX: 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 KuCoin live order book, 5 min ago	2.29 bp	19.5 bp −$20	86.5 bp −$865	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
OKX TIA-USDT-SWAP	−0.0190%	4h	0.4353	−0.069%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4357	+0.019%	$358K	$246K	50x	as long as short
KuCoin TIAUSDTMlong	−0.0036%	4h	0.4356	long leg	$4.2M	$8.7M	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4355	−0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4359	+0.062%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0006%	1h	0.4353	−0.069%	$49K	$235K	50x	as long as short
Gate TIA_USDT	+0.0090%	4h	0.4358	+0.046%	$980K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4361	+0.122%	$139K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4358	+0.046%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4363	+0.170%	$4.3M	$1.5M	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	0.4360	+0.081%	$34K	$268K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4358	+0.046%	$14.5M	$42.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4357	+0.023%	$9.5M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4357	+0.023%	$13.3M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4357	+0.023%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4357	+0.023%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4356	−0.007%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4362	+0.138%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4355	−0.023%	$65K	$43K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4355	−0.031%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4355	−0.017%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4356	−0.007%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.758%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4367	+0.253%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4359	+0.069%	$1.2M	$571K	75x	as long as short
GMX TIA/USD [ETH-USDC]short	L +0.0459% / S −0.3505%	1h	0.4359	+0.064%	$36K	—	100x
dYdX TIA-USD	+0.0729%	1h	0.4359	+0.069%	$52K	$59	10x	as long as short