Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.032%

Price spread now: ApeX Omni against MEXC−0.160%81s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as 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−$400.404% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.228%+$23 · spread now −0.160%, 7d avg −0.003%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.157% cheaper against MEXC than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 81 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	MEXC TIA_USDT	0.4374	0.0100	pay 0.0050% / 4h	3h 36m	$13.2M	$6.7M	300x
Short	ApeX Omni TIAUSDT	0.4367	−0.0005	pay 0.0001% / 1h	36m 07s	$49K	$234K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.160%Rate

Funding earned: −$22.01
Price spread: −0.160% → −0.003%: −$15.69
Slippage, 4 orders: −$30.41
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$78.11
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 35 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 MEXC live order book, 2 min ago	1.14 bp	4.7 bp −$5	13.9 bp −$139	70.0 bp −$7,003	134.2 bp −$67.1K
Sell ApeX Omni live order book, 35 min ago	8.03 bp	16.2 bp −$16	122.4 bp −$1,224	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
OKX TIA-USDT-SWAP	−0.0181%	4h	0.4369	−0.114%	$2.8M	$5.9M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4374	−0.001%	$359K	$233K	50x	as long as short
KuCoin TIAUSDTM	−0.0050%	4h	0.4371	−0.069%	$4.2M	$8.8M	50x	as long as short
ApeX Omni TIAUSDTshort	−0.0005%	1h	0.4367	−0.160%	$49K	$234K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4374	0.000%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4374	+0.004%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4379	+0.107%	$139K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4373	−0.023%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4378	+0.101%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4374	+0.004%	$34K	$249K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4373	−0.022%	$14.5M	$41.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4371	−0.069%	$9.6M	$12.9M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4374	0.000%	$981K	$1.8M	75x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4374	long leg	$13.2M	$6.7M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4372	−0.046%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4372	−0.046%	—	$98.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4373	−0.021%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4370	−0.096%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4376	+0.046%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4371	−0.078%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4373	−0.029%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4376	+0.046%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4370	−0.082%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.343%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4371	−0.069%	$1.2M	$577K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4374	−0.004%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0801%	1h	0.4373	−0.016%	$52K	$59	10x	as long as short