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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%
Price spread now: BloFin against Lighter−0.213%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$600.598% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.294%+$29 on $10k
Price spread, last 3 days (all we have)+0.313%+$31 · spread now −0.213%, 7d avg −0.028%
Together, before fees+0.607%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.185% cheaper against Lighter than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of −0.028%). If the spread goes back, that is −$18 on $10k: about 2.5 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TIA0.44100.0096pay 0.0012% / 1h6m 57s$140K$360K10x
ShortBloFin TIA-USDT0.44010.0340get 0.0170% / 4h3h 06m$1.3M$603K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$51.24
Price spread: −0.213% → −0.028%
−$18.5
Slippage, 4 orders
−$47.77
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$27.03
Costs to cover
0.598%
Break-even
10.7 days
Slippage from Lighter: live order book, 58 min ago; BloFin: live order book, 5 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, 58 min ago1.94 bp21.0 bp −$2172.5 bp −$725305.1 bp −$30.5Kdoesn't fit
Sell BloFin live order book, 5 min ago2.27 bp8.3 bp −$815.9 bp −$15961.5 bp −$6,151doesn'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
Kraken Futures PF_TIAUSD−0.0152%1h0.4408−0.044%$362K$225K50xas long as short
OKX TIA-USDT-SWAP−0.0139%4h0.4397−0.304%$2.8M$5.9M50xas long as short
KuCoin TIAUSDTM−0.0010%4h0.4401−0.213%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4406−0.100%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4404−0.156%$1K150xas long as short
Lighter TIAlong+0.0096%1h0.4410long leg$140K$360K10x
Orderly PERP_TIA_USDC+0.0099%4h0.4402−0.190%$5K$363K10xas long as short
Hyperliquid TIA+0.0100%1h0.4410−0.020%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4406−0.104%$35K$240K10xas long as short
Binance TIAUSDT+0.0100%4h0.4400−0.230%$14.7M$41.3M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT+0.0100%4h0.4395−0.349%$9.6M$12.8M50xas long as short
Gate TIA_USDT+0.0100%4h0.4401−0.213%$989K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4400−0.236%$13.1M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4400−0.236%$4.5M$3.1M75xas long as short
BingX TIA-USDC+0.0100%4h0.4399−0.258%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4406−0.109%$102K$154K10xas long as short
Variational Omni TIA+0.0100%4h0.4398−0.275%$103K$84Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4412+0.036%$50K$233K50xas long as short
HTX TIA-USDT+0.0100%4h0.4404−0.145%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4397−0.306%$55K$184K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4404−0.156%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4415+0.104%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4401−0.216%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4422+0.263%$52K$76K50xas long as short
BloFin TIA-USDTshort+0.0340%4h0.4401−0.213%$1.3M$603K75x
GMX TIA/USD [ETH-USDC]L +0.0462% / S −0.3505%1h0.4403−0.166%$36K100xas long as short
dYdX TIA-USD+0.0847%1h0.4402−0.188%$52K$19910xas long as short