Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h −0.019%

Price spread now: ApeX Omni against OKX+0.092%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now +0.092%, 7d avg +0.055%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.036% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TIA-USDT-SWAP	0.4366	−0.0146	get 0.0073% / 4h	43m 19s	$2.8M	$6.0M	50x
Short	ApeX Omni TIAUSDT	0.4370	0.0036	get 0.0005% / 1h	43m 19s	$49K	$234K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.092%Rate

Funding earned: $38.34
Price spread: +0.092% → +0.055%: $3.63
Slippage, 4 orders: −$37.46
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.49
Costs to cover: 0.575%
Break-even: 9.8 days

Slippage from OKX: live order book, 5 min ago; ApeX Omni: live order book, 33 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 OKX live order book, 5 min ago	1.14 bp	12.8 bp −$13	42.3 bp −$423	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	5.77 bp	15.3 bp −$15	119.6 bp −$1,196	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	−0.0163%	1h	0.4371	+0.120%	$359K	$245K	50x	as long as short
OKX TIA-USDT-SWAPlong	−0.0146%	4h	0.4366	long leg	$2.8M	$6.0M	50x
KuCoin TIAUSDTM	−0.0020%	4h	0.4369	+0.069%	$4.2M	$8.6M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4369	+0.069%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4372	+0.143%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTshort	+0.0036%	1h	0.4370	+0.092%	$49K	$234K	50x
Gate TIA_USDT	+0.0058%	4h	0.4372	+0.137%	$990K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4376	+0.240%	$140K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4371	+0.115%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4375	+0.197%	$4.3M	$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	0.4372	+0.139%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4368	+0.049%	$14.5M	$42.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4367	+0.023%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4369	+0.069%	$13.6M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4367	+0.023%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4369	+0.069%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4375	+0.213%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4373	+0.159%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4375	+0.206%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4366	−0.006%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4369	+0.065%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4367	+0.012%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.527%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4377	+0.252%	$27K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4373	+0.160%	$1.1M	$569K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4371	+0.111%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0593%	1h	0.4372	+0.147%	$52K	$59	10x	as long as short