Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.172%

Price spread now: dYdX against OKX−0.195%7-day average — · you buy dearer than you sell

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

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.639%+$64 on $10k

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. dYdX is 0.195% cheaper against OKX than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.639% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TIA-USDT-SWAP	0.4484	0.0037	pay 0.0019% / 4h	3h 48m	$2.8M	$7.0M	50x
Short	dYdX TIA-USD	0.4475	0.0084	get 0.0011% / 1h	48m 05s	$53K	$139	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.195%Rate

Funding earned: $9.89
Price spread: −0.195% → 0.000%: −$19.54
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$29.65
Costs to cover: 0.200%
Break-even: 28.0 days

Slippage unknown: OKX: live order book, 5 min ago; dYdX: 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 OKX live order book, 5 min ago	1.12 bp	15.4 bp −$15	63.4 bp −$634	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
GMX TIA/USD [ETH-USDC]	L −0.2013% / S +0.0115%	1h	0.4479	−0.117%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0112%	1h	0.4477	−0.162%	$354K	$224K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4480	−0.089%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4478	−0.134%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAPlong	+0.0037%	4h	0.4484	long leg	$2.8M	$7.0M	50x
Injective TIA/USDC PERP	+0.0048%	1h	0.4496	+0.268%	$24K	$12K	12x	as long as short
dYdX TIA-USDshort	+0.0084%	1h	0.4475	−0.195%	$53K	$139	10x
Lighter TIA	+0.0096%	1h	0.4485	+0.027%	$194K	$468K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4479	−0.112%	$7K	$225K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4484	0.000%	$4.9M	$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	0.4487	+0.062%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4488	+0.098%	$14.3M	$49.0M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4487	+0.067%	$10.2M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4477	−0.156%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4479	−0.112%	$11.9M	$14.3M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4476	−0.178%	$4.3M	$10.1M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4488	+0.089%	$4.5M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4479	−0.112%	—	$13.6M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4480	−0.087%	$103K	$175K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4491	+0.151%	$137K	$79K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4475	−0.201%	$51K	$224K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4478	−0.134%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4484	+0.003%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4479	−0.118%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4473	−0.243%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4476	−0.178%	$1.7M	$783K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4497	+0.290%	$52K	$105K	50x	as long as short