Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h +0.463%

Price spread now: GMX against Orderly+0.051%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on GMX

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

The price spread pays, funding is against you. GMX is 0.051% dearer against Orderly than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TIA_USDC	0.4397	0.0098	pay 0.0049% / 4h	11m 11s	$6K	$155K	10x
Short	GMX TIA/USD [ETH-USDC]	0.4399	L −0.5395% / S +0.0228%	pay 0.0029% / 1h	11m 11s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Orderly. 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 OrderlybpFee GMXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$68.52
Price spread: +0.051% → 0.000%: $5.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$81.4
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; GMX: 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 Orderly no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Orderly and GMX: 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 exchanges

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]short	L −0.5395% / S +0.0228%	1h	0.4399	+0.051%	$5K	—	100x
Injective TIA/USDC PERP	−0.0224%	1h	0.4393	−0.091%	$83K	$165K	12x	as long as short
Kraken Futures PF_TIAUSD	−0.0085%	1h	0.4399	+0.048%	$349K	$272K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4399	+0.045%	$33K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4400	+0.068%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0032%	4h	0.4397	0.000%	$4.1M	$10.7M	50x	as long as short
Bybit TIAUSDT	+0.0049%	4h	0.4397	0.000%	$9.7M	$14.7M	50x	as long as short
Variational Omni TIA	+0.0056%	4h	0.4397	+0.006%	$82K	$116K	—	as long as short
Bitget TIAUSDT	+0.0084%	4h	0.4394	−0.068%	$4.4M	$4.4M	75x	as long as short
ApeX Omni TIAUSDT	+0.0090%	1h	0.4393	−0.091%	$50K	$215K	50x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4404	+0.155%	$165K	$485K	10x	as long as short
Orderly PERP_TIA_USDClong	+0.0098%	4h	0.4397	long leg	$6K	$155K	10x
Hyperliquid TIA	+0.0100%	1h	0.4405	+0.189%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4399	+0.045%	$21K	$307K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4400	+0.068%	$14.1M	$52.0M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4395	−0.045%	$2.7M	$6.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4398	+0.023%	$989K	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4399	+0.045%	$10.6M	$18.9M	300x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4398	+0.023%	—	$14.2M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4400	+0.073%	$102K	$188K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4399	+0.045%	$59K	$79K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4395	−0.036%	$55K	$206K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4401	+0.084%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0183%	1h	0.4392	−0.106%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0314%	1h	0.4397	−0.007%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4395	−0.045%	$1.3M	$844K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0368%	1h	0.4412	+0.341%	$53K	$111K	50x	as long as short