Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.037%

Price spread now: Lighter against KuCoin+0.110%7-day average +0.074% · 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−$73as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.110%, 7d avg +0.074%

Together, before fees+0.099%+ Points / potential airdropLighter: Season 3 · farm board+$10 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 Lighter is 0.035% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4370	−0.0032	get 0.0016% / 4h	21m 52s	$4.2M	$8.7M	50x
Short	Lighter TIA	0.4375	0.0096	get 0.0012% / 1h	21m 52s	$139K	$362K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.110%Rate

Funding earned: $26.88
Price spread: +0.110% → +0.074%: $3.54
Slippage, 4 orders: −$64.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.57
Costs to cover: 0.770%
Break-even: 19.1 days

Slippage from KuCoin: live order book, 1 min ago; Lighter: live order book, 48 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 KuCoin live order book, 1 min ago	2.29 bp	16.9 bp −$17	72.9 bp −$729	doesn't fit	doesn't fit
Sell Lighter live order book, 48 min ago	1.96 bp	15.5 bp −$15	92.3 bp −$923	337.9 bp −$33.8K	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
OKX TIA-USDT-SWAP	−0.0185%	4h	0.4367	−0.069%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4370	−0.003%	$359K	$246K	50x	as long as short
KuCoin TIAUSDTMlong	−0.0032%	4h	0.4370	long leg	$4.2M	$8.7M	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4371	+0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4371	+0.032%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0006%	1h	0.4353	−0.389%	$49K	$235K	50x	as long as short
Gate TIA_USDT	+0.0094%	4h	0.4370	0.000%	$981K	$1.8M	75x	as long as short
Lighter TIAshort	+0.0096%	1h	0.4375	+0.110%	$139K	$362K	10x
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4368	−0.046%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4376	+0.140%	$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	0.4367	−0.057%	$34K	$268K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4370	+0.010%	$14.6M	$42.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4369	−0.023%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4371	+0.023%	$13.3M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4370	0.000%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4370	0.000%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4370	−0.009%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4362	−0.183%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4368	−0.046%	$66K	$43K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4368	−0.036%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4371	+0.022%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4368	−0.051%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.435%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4360	−0.229%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4365	−0.114%	$1.2M	$572K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4371	+0.017%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0726%	1h	0.4361	−0.197%	$52K	$59	10x	as long as short