TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.027%

Price spread now: ApeX Omni against Lighter−0.236%48s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.761% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)+0.445%+$44 · spread now −0.236%, 7d avg −0.047%

Together, before fees+0.480%+ Points / potential airdropLighter: Season 3 · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.189% cheaper against Lighter than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4359	0.0096	pay 0.0012% / 1h	12m 43s	$150K	$430K	10x
Short	ApeX Omni TIAUSDT	0.4349	0.0063	get 0.0008% / 1h	12m 43s	$50K	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.236%Rate

Funding earned: −$6.97
Price spread: −0.236% → −0.047%: −$18.95
Slippage, 4 orders: −$66.14
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$102.06
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from Lighter: live order book, 27 min ago; ApeX Omni: live order book, 33 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 Lighter live order book, 27 min ago	2.20 bp	29.3 bp −$29	94.1 bp −$941	351.8 bp −$35.2K	doesn't fit
Sell ApeX Omni live order book, 33 min ago	8.04 bp	15.9 bp −$16	121.5 bp −$1,215	doesn't fit	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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4358	−0.030%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4359	+0.003%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTshort	+0.0063%	1h	0.4349	−0.236%	$50K	$227K	50x
Lighter TIAlong	+0.0096%	1h	0.4359	long leg	$150K	$430K	10x
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4358	−0.030%	$6K	$267K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4358	−0.030%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4354	−0.115%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4355	−0.095%	$13.6M	$44.8M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4353	−0.145%	$9.7M	$13.9M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4351	−0.190%	$2.7M	$6.4M	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	0.4358	−0.030%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4353	−0.145%	$12.8M	$8.4M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4352	−0.167%	$4.2M	$9.6M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4351	−0.190%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4353	−0.145%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4359	−0.011%	$101K	$175K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4346	−0.310%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4362	+0.062%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4355	−0.098%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4356	−0.076%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0174% / S +0.0051%	1h	0.4359	−0.014%	$6K	—	100x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4357	−0.056%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSD	+0.0192%	1h	0.4359	−0.004%	$346K	$205K	50x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4369	+0.223%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4355	−0.099%	$1.6M	$702K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4363	+0.085%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0437%	1h	0.4356	−0.071%	$52K	$139	10x	as long as short