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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.035%
Price spread now: Gate against Lighter−0.162%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$910.905% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.162%, 7d avg −0.070%
Together, before fees−0.125%+ Points / potential airdropLighter: Season 3 · farm board−$12 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: Gate is 0.092% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TIA0.43860.0096pay 0.0012% / 1h2m 23s$140K$362K10x
ShortGate TIA_USDT0.43790.0100get 0.0050% / 4h2m 23s$983K$1.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.162% → −0.070%
−$9.17
Slippage, 4 orders
−$75.53
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$98.86
Costs to cover
0.905%
Break-even
830.8 days
Slippage from Lighter: live order book, 2 min ago; Gate: 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, 2 min ago1.94 bp21.0 bp −$2172.5 bp −$725305.1 bp −$30.5Kdoesn't fit
Sell Gate live order book, 5 min ago4.58 bp25.4 bp −$2564.2 bp −$642doesn'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
OKX TIA-USDT-SWAP−0.0214%4h0.4381−0.116%$2.8M$6.1M50xas long as short
Kraken Futures PF_TIAUSD−0.0162%1h0.4384−0.054%$360K$246K50xas long as short
KuCoin TIAUSDTM−0.0038%4h0.4379−0.162%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4383−0.071%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4382−0.093%$1K150xas long as short
ApeX Omni TIAUSDT+0.0058%1h0.4370−0.367%$49K$234K50xas long as short
Lighter TIAlong+0.0096%1h0.4386long leg$140K$362K10x
Orderly PERP_TIA_USDC+0.0098%4h0.4383−0.071%$5K$364K10xas long as short
Hyperliquid TIA+0.0100%1h0.4389+0.064%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4380−0.137%$34K$268K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4380−0.139%$14.6M$42.2M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4381−0.116%$9.6M$13.2M50xas long as short
Gate TIA_USDTshort+0.0100%4h0.4379−0.162%$983K$1.9M75x
MEXC TIA_USDT+0.0100%4h0.4380−0.139%$13.3M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4378−0.185%$4.5M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4378−0.185%$99.1Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4383−0.080%$101K$153K10xas long as short
Variational Omni TIA+0.0100%4h0.4360−0.597%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4374−0.276%$64K$62K50xas long as short
Extended TIA-USD+0.0104%1h0.4374−0.277%$55K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4384−0.040%$7K3xas long as short
Reya TIARUSDPERP+0.0179%1h0.4377−0.197%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0208%1h0.4389+0.066%$51K$77K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4381−0.116%$27K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4383−0.071%$1.2M$579K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0460% / S −0.3505%1h0.4382−0.091%$36K100xas long as short
dYdX TIA-USD+0.0731%1h0.4383−0.061%$52K$5910xas long as short