Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.003%

Price spread now: Injective against MEXC−0.368%85s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.368% cheaper against MEXC than usual: you would sell low and buy high (spread −0.368% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 9.0 days of funding at the current rate (+$4 a day). The two prices were read 85 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	0.4348	0.0100	pay 0.0050% / 4h	2h 15m	$9.9M	$6.7M	300x
Short	Injective TIA/USDC PERP	0.4332	0.0237	get 0.0030% / 1h	15m 45s	$25K	$11K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.368%Rate

Funding earned: $28.77
Price spread: −0.368% → 0.000%: −$36.8
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$8.05
Costs to cover: 0.000%
Break-even: 9.0 days

Slippage unknown: MEXC: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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	1.15 bp	3.1 bp −$3	15.1 bp −$151	74.6 bp −$7,457	131.4 bp −$65.7K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4348	0.000%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4349	+0.033%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0050%	1h	0.4352	+0.092%	$50K	$227K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4354	+0.140%	$151K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4349	+0.023%	$6K	$268K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4355	+0.154%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	+0.026%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4349	+0.013%	$13.6M	$44.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4347	−0.023%	$9.7M	$13.8M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4347	−0.023%	$2.7M	$6.4M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4350	+0.046%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4348	long leg	$9.9M	$6.7M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4346	−0.046%	$4.2M	$9.5M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4348	0.000%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4347	−0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4348	+0.005%	$100K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4346	−0.051%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4352	+0.092%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4344	−0.095%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4343	−0.126%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0179% / S +0.0051%	1h	0.4349	+0.016%	$6K	—	100x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4347	−0.032%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSD	+0.0193%	1h	0.4349	+0.024%	$345K	$205K	50x	as long as short
Injective TIA/USDC PERPshort	+0.0237%	1h	0.4332	−0.368%	$25K	$11K	12x
BloFin TIA-USDT	+0.0340%	4h	0.4347	−0.023%	$1.6M	$701K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4356	+0.184%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0445%	1h	0.4352	+0.092%	$52K	$139	10x	as long as short