Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.115%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.115%, 7d avg −0.059%

Together, before fees+0.161%+$16 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 0.056% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TIA_USDT	0.4331	0.0100	pay 0.0050% / 4h	1h 37m	$14.1M	$6.7M	300x
Short	Bitget TIAUSDT	0.4326	0.0100	get 0.0050% / 4h	1h 37m	$4.5M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → −0.059%: −$5.6
Slippage, 4 orders: −$24.82
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.41
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 6 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, 1 min ago	1.15 bp	2.8 bp −$3	9.4 bp −$94	29.3 bp −$2,927	112.8 bp −$56.4K
Sell Bitget live order book, 6 min ago	1.15 bp	13.9 bp −$14	39.8 bp −$398	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
Kraken Futures PF_TIAUSD	−0.0228%	1h	0.4335	+0.101%	$355K	$242K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0045%	4h	0.4323	−0.185%	$2.7M	$5.9M	50x	as long as short
Gate TIA_USDT	−0.0040%	4h	0.4330	−0.023%	$995K	$1.8M	75x	as long as short
KuCoin TIAUSDTM	−0.0036%	4h	0.4330	−0.023%	$4.2M	$8.5M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4335	+0.092%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4338	+0.166%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0090%	4h	0.4337	+0.139%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4335	+0.097%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4336	+0.115%	$5K	$361K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4333	+0.051%	$4.2M	$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	0.4332	+0.026%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4329	−0.048%	$14.6M	$41.9M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4327	−0.092%	$9.5M	$13.2M	50x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4331	long leg	$14.1M	$6.7M	300x
Bitget TIAUSDTshort	+0.0100%	4h	0.4326	−0.115%	$4.5M	$3.5M	75x
BingX TIA-USDT	+0.0100%	4h	0.4329	−0.046%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4334	+0.074%	$100K	$149K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4339	+0.185%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4337	+0.139%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4328	−0.075%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4335	+0.104%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4342	+0.254%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4325	−0.139%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4339	+0.185%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4340	+0.208%	$1.1M	$550K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4338	+0.171%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0720%	1h	0.4334	+0.074%	$51K	$59	10x	as long as short