Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter−0.106%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.106%, 7d avg −0.049%

Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.057% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4459	0.0096	pay 0.0012% / 1h	59m 48s	$156K	$428K	10x
Short	Binance TIAUSDT	0.4454	0.0100	get 0.0050% / 4h	3h 59m	$14.1M	$48.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.106%Rate

Funding earned: $0.84
Price spread: −0.106% → −0.049%: −$5.74
Slippage, 4 orders: −$38.38
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.28
Costs to cover: 0.484%
Break-even: 451.0 days

Slippage from Lighter: live order book, 30 min ago; Binance: live order book, 12 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, 30 min ago	2.14 bp	17.2 bp −$17	71.9 bp −$719	304.7 bp −$30.5K	doesn't fit
Sell Binance live order book, 12 min ago	1.13 bp	10.9 bp −$11	25.1 bp −$251	111.5 bp −$11.2K	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
GMX TIA/USD [ETH-USDC]	L −0.1532% / S +0.0099%	1h	0.4455	−0.082%	$5K	—	100x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0199%	1h	0.4454	−0.101%	$31K	$25K	25x	as long as short
ApeX Omni TIAUSDT	−0.0089%	1h	0.4442	−0.370%	$51K	$225K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4456	−0.045%	$352K	$212K	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4456	−0.066%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4450	−0.191%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0034%	4h	0.4449	−0.213%	$2.8M	$6.8M	50x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4459	long leg	$156K	$428K	10x
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4452	−0.146%	$7K	$227K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4459	+0.013%	$4.8M	$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	0.4452	−0.142%	$33K	$247K	10x	as long as short
Binance TIAUSDTshort	+0.0100%	4h	0.4454	−0.106%	$14.1M	$48.4M	75x
Bybit TIAUSDT	+0.0100%	4h	0.4456	−0.056%	$10.2M	$14.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4455	−0.079%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4455	−0.079%	$12.4M	$14.3M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4454	−0.101%	$4.3M	$10.0M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4450	−0.191%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4453	−0.123%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4456	−0.067%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4456	−0.047%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4457	−0.034%	$59K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4449	−0.203%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4453	−0.123%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4451	−0.169%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0224%	1h	0.4457	−0.031%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4459	+0.011%	$1.7M	$719K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4459	+0.011%	$52K	$104K	50x	as long as short