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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%
Price spread now: Hyperliquid against KuCoin+0.167%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$770.769% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 7 days−0.181%−$18 · spread now +0.167%, 7d avg +0.051%
Together, before fees−0.189%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.116% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TIAUSDTM0.4378−0.0028get 0.0014% / 4h52m 43s$4.2M$8.6M50x
ShortHyperliquid TIA0.43850.0100get 0.0013% / 1h52m 43s$4.3M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$26.88
Price spread: +0.167% → +0.051%
$11.62
Slippage, 4 orders
−$55.87
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$38.37
Costs to cover
0.769%
Break-even
17.0 days
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 9 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 KuCoin live order book, 5 min ago2.29 bp22.4 bp −$2279.5 bp −$795doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.92 bp12.4 bp −$12doesn'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−0.0162%1h0.4382+0.097%$360K$245K50xas long as short
OKX TIA-USDT-SWAP−0.0144%4h0.4375−0.069%$2.8M$6.0M50xas long as short
KuCoin TIAUSDTMlong−0.0028%4h0.4378long leg$4.2M$8.6M50x
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4383+0.114%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4383+0.119%$1K150xas long as short
Gate TIA_USDT+0.0032%4h0.4382+0.091%$992K$1.8M75xas long as short
Lighter TIA+0.0096%1h0.4385+0.148%$140K$361K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4381+0.069%$5K$363K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4385+0.167%$4.3M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4381+0.072%$35K$267K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.43780.000%$14.6M$42.3M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4376−0.046%$9.6M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4380+0.046%$13.8M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4376−0.046%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4380+0.046%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4382+0.103%$101K$151K10xas long as short
Variational Omni TIA+0.0100%4h0.4375−0.071%$102K$84Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4373−0.114%$49K$235K50xas long as short
HTX TIA-USDT+0.0100%4h0.4381+0.069%$65K$42K50xas long as short
Extended TIA-USD+0.0104%1h0.4377−0.020%$55K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4382+0.099%$7K3xas long as short
Reya TIARUSDPERP+0.0179%1h0.4379+0.022%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0208%1h0.4383+0.114%$51K$77K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4384+0.137%$27K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4384+0.137%$1.1M$570K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0459% / S −0.3505%1h0.4383+0.114%$36K100xas long as short
dYdX TIA-USD+0.0580%1h0.4381+0.077%$52K$5910xas long as short