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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.132%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$370.368% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 7 days−0.134%−$13 · spread now +0.132%, 7d avg +0.037%
Together, before fees−0.150%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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: Hyperliquid is 0.095% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TIA_USDT0.43040.0100pay 0.0050% / 4h2h 45m$9.1M$5.6M300x
ShortHyperliquid TIA0.43100.0100get 0.0013% / 1h45m 18s$4.2M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.132% → +0.037%
$9.52
Slippage, 4 orders
−$27.85
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$27.33
Costs to cover
0.368%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 6 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 MEXC live order book, 3 min ago1.16 bp3.2 bp −$37.4 bp −$7447.3 bp −$4,735125.5 bp −$62.8K
Sell Hyperliquid live order book, 6 min ago1.04 bp13.0 bp −$13doesn't fitdoesn'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
Bybit TIAUSDT−0.0618%4h0.4299−0.116%$9.3M$13.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0391%1h0.4303−0.018%$354K$239K50xas long as short
Deribit TIA_USDC-PERPETUAL−0.0214%1h0.43040.000%$30K$27K25xas long as short
ApeX Omni TIAUSDT−0.0170%1h0.4307+0.070%$48K$235K50xas long as short
Gate TIA_USDT−0.0144%4h0.4301−0.070%$994K$1.8M75xas long as short
OKX TIA-USDT-SWAP−0.0033%4h0.4299−0.116%$2.7M$5.7M50xas long as short
KuCoin TIAUSDTM−0.0022%4h0.4300−0.093%$4.1M$8.6M50xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4306+0.046%$1K150xas long as short
Backpack TIA_USDC_PERP+0.0004%1h0.4301−0.063%$102K$153K10xas long as short
Variational Omni TIA+0.0007%4h0.4302−0.058%$96K$81Kas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter TIA+0.0096%1h0.4306+0.056%$127K$353K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4303−0.023%$5K$360K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4310+0.132%$4.2M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4307+0.072%$34K$272K10xas long as short
Binance TIAUSDT+0.0100%4h0.43040.000%$14.0M$41.1M75xas long as short
MEXC TIA_USDTlong+0.0100%4h0.4304long leg$9.1M$5.6M300x
Bitget TIAUSDT+0.0100%4h0.4300−0.093%$4.4M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4300−0.093%$6.5Mas long as short
HTX TIA-USDT+0.0100%4h0.4302−0.046%$73K$15K50xas long as short
Extended TIA-USD+0.0104%1h0.4300−0.091%$58K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4303−0.035%$7K3xas long as short
Reya TIARUSDPERP+0.0178%1h0.4301−0.077%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0200%1h0.4322+0.418%$48K$71K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4311+0.163%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4309+0.116%$993K$512K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0456% / S −0.3505%1h0.4306+0.047%$35K100xas long as short
dYdX TIA-USD+0.0881%1h0.43040.000%$51K$5910xas long as short