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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter−0.068%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$660.659% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 4 days (all we have)−0.467%−$47 · spread now −0.068%, 7d avg −0.134%
Together, before fees−0.408%+ Points / potential airdropLighter: Season 3 · farm board−$41 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: Bitget is 0.066% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TIA0.44100.0096pay 0.0012% / 1h41m 45s$156K$413K10x
ShortBitget TIAUSDT0.44070.0100get 0.0050% / 4h1h 41m$4.5M$3.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0.84
Price spread: −0.068% → −0.134%
$6.62
Slippage, 4 orders
−$53.86
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$58.4
Costs to cover
0.659%
Break-even
493.6 days
Slippage from Lighter: live order book, 13 min ago; Bitget: live order book, 1 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 Lighter live order book, 13 min ago2.72 bp15.2 bp −$1559.4 bp −$594318.8 bp −$31.9Kdoesn't fit
Sell Bitget live order book, 1 min ago2.26 bp16.0 bp −$1640.0 bp −$400doesn'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
ApeX Omni TIAUSDT−0.0036%1h0.4408−0.045%$50K$232K50xas long as short
Bybit TIAUSDT−0.0008%4h0.4403−0.159%$9.5M$13.3M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4418+0.181%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4420+0.224%$1K150xas long as short
KuCoin TIAUSDTM+0.0020%4h0.4406−0.091%$4.2M$9.0M50xas long as short
OKX TIA-USDT-SWAP+0.0029%4h0.4404−0.136%$2.8M$6.1M50xas long as short
Kraken Futures PF_TIAUSD+0.0075%1h0.4422+0.271%$361K$208K50xas long as short
Variational Omni TIA+0.0089%4h0.4399−0.256%$103K$84Kas long as short
Lighter TIAlong+0.0096%1h0.4410long leg$156K$413K10x
Orderly PERP_TIA_USDC+0.0100%4h0.4417+0.159%$5K$317K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4411+0.023%$4.7M$1.6M5xas long as short
Aster TIAUSDT+0.0100%4h0.4410−0.009%$32K$246K10xas long as short
Binance TIAUSDT+0.0100%4h0.4405−0.113%$14.5M$42.7M75xas long as short
Gate TIA_USDT+0.0100%4h0.4408−0.045%$992K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4407−0.068%$12.3M$6.5M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4407−0.068%$4.5M$3.4M75x
BingX TIA-USDT+0.0100%4h0.4405−0.113%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4416+0.145%$103K$153K10xas long as short
HTX TIA-USDT+0.0100%4h0.4423+0.295%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4404−0.145%$56K$212K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4417+0.159%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4416+0.132%$6K15xas long as short
dYdX TIA-USD+0.0231%1h0.4408−0.041%$52K$19910xas long as short
BloFin TIA-USDT+0.0340%4h0.4421+0.249%$1.5M$709K75xas long as short
Coinbase International TIA-PERP-INTX+0.0376%1h0.4430+0.454%$52K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0494% / S −0.1196%1h0.4419+0.193%$40K100xas long as short
Injective TIA/USDC PERP+0.0496%1h0.44100.000%$26K$10K12xas long as short