Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.068%

Price spread now: Reya against KuCoin−0.049%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Reya

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4354	0.0100	pay 0.0050% / 4h	1h 49m	$4.2M	$9.7M	50x
Short	Reya TIARUSDPERP	0.4352	0.0181	get 0.0023% / 1h	49m 11s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.049%Rate

Funding earned: $17.05
Price spread: −0.049% → 0.000%: −$4.88
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$5.83
Costs to cover: 0.180%
Break-even: 9.4 days

Slippage unknown: KuCoin: live order book, 9 min ago; Reya: 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, 9 min ago	2.29 bp	21.7 bp −$22	91.3 bp −$913	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
ApeX Omni TIAUSDT	−0.0099%	1h	0.4352	−0.046%	$50K	$227K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4356	+0.046%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4357	+0.068%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0065%	4h	0.4352	−0.046%	$2.7M	$6.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4361	+0.156%	$150K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4355	+0.023%	$7K	$256K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4360	+0.129%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4354	0.000%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4356	+0.057%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4357	+0.069%	$9.8M	$14.0M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4357	+0.069%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4357	+0.069%	$13.0M	$14.1M	300x	as long as short
KuCoin TIAUSDTMlong	+0.0100%	4h	0.4354	long leg	$4.2M	$9.7M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4359	+0.115%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4355	+0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4358	+0.101%	$101K	$172K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4351	−0.074%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4356	+0.046%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4352	−0.044%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4355	+0.013%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0133% / S +0.0052%	1h	0.4356	+0.052%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4356	+0.047%	$345K	$203K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4351	−0.069%	$24K	$11K	12x	as long as short
Reya TIARUSDPERPshort	+0.0181%	1h	0.4352	−0.049%	$6K	—	15x
dYdX TIA-USD	+0.0246%	1h	0.4360	+0.138%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4356	+0.046%	$1.7M	$703K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+0.942%	$47K	$87K	50x	as long as short