TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.49 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against Orderly−0.068%7-day average −0.051% · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.068%, 7d avg −0.051%

Together, before fees−0.200%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TIA_USDC	0.4440	0.0100	pay 0.0050% / 4h	27m 10s	$5K	$273K	10x
Short	Bybit TIAUSDT	0.4437	0.0003	get 0.0001% / 4h	27m 10s	$9.8M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$20.38
Price spread: −0.068% → −0.051%: −$1.69
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.07
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	2.25 bp	13.3 bp −$13	39.0 bp −$390	186.5 bp −$18.7K	doesn't fit

Orderly: 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
Variational Omni TIA	−0.0051%	4h	0.4426	−0.321%	$104K	$85K	—	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4441	+0.023%	$31K	$27K	25x	as long as short
ApeX Omni TIAUSDT	+0.0001%	1h	0.4450	+0.225%	$50K	$231K	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4439	−0.024%	$1K	—	150x	as long as short
Bybit TIAUSDTshort	+0.0003%	4h	0.4437	−0.068%	$9.8M	$13.5M	50x
KuCoin TIAUSDTM	+0.0048%	4h	0.4440	0.000%	$4.3M	$9.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4447	+0.153%	$157K	$419K	10x	as long as short
Orderly PERP_TIA_USDClong	+0.0100%	4h	0.4440	long leg	$5K	$273K	10x
Hyperliquid TIA	+0.0100%	1h	0.4446	+0.133%	$4.8M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4444	+0.083%	$33K	$248K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4438	−0.045%	$14.5M	$43.0M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4436	−0.090%	$2.8M	$6.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4443	+0.068%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4441	+0.023%	$12.0M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4441	+0.023%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4439	−0.023%	—	$101.7M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4441	+0.014%	$103K	$165K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4451	+0.248%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4437	−0.076%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4439	−0.014%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0163%	1h	0.4443	+0.064%	$363K	$195K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4439	−0.015%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4461	+0.473%	$26K	$10K	12x	as long as short
dYdX TIA-USD	+0.0332%	1h	0.4451	+0.251%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4442	+0.045%	$1.6M	$750K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4452	+0.270%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0497% / S −0.1196%	1h	0.4440	−0.009%	$41K	—	100x	as long as short