Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h −0.026%

Price spread now: Aster against Reya+0.029%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.029% dearer against Reya than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4316	0.0178	pay 0.0022% / 1h	30m 46s	$6K	—	15x
Short	Aster TIAUSDT	0.4318	0.0100	get 0.0050% / 4h	2h 30m	$34K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$16.46
Price spread: +0.029% → 0.000%: $2.93
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.52
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 56 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 56 min ago	4.61 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit

Reya: 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
Kraken Futures PF_TIAUSD	−0.0389%	1h	0.4321	+0.105%	$355K	$239K	50x	as long as short
Bybit TIAUSDT	−0.0291%	4h	0.4317	+0.014%	$9.4M	$13.0M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0213%	1h	0.4320	+0.084%	$30K	$27K	25x	as long as short
ApeX Omni TIAUSDT	−0.0059%	1h	0.4306	−0.241%	$48K	$235K	50x	as long as short
Gate TIA_USDT	−0.0044%	4h	0.4320	+0.084%	$997K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0011%	4h	0.4316	−0.009%	$2.7M	$5.8M	50x	as long as short
KuCoin TIAUSDTM	−0.0004%	4h	0.4318	+0.037%	$4.2M	$8.6M	50x	as long as short
Variational Omni TIA	−0.0003%	4h	0.4302	−0.325%	$101K	$85K	—	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4321	+0.096%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0085%	1h	0.4319	+0.067%	$103K	$150K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4324	+0.181%	$127K	$353K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4319	+0.061%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4325	+0.211%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDTshort	+0.0100%	4h	0.4318	+0.029%	$34K	$272K	10x
Binance TIAUSDT	+0.0100%	4h	0.4321	+0.105%	$14.1M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4321	+0.107%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4319	+0.061%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4319	+0.061%	—	$101.0M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4318	+0.037%	$73K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4318	+0.037%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4320	+0.084%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0178%	1h	0.4316	long leg	$6K	—	15x
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4322	+0.130%	$48K	$71K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4311	−0.125%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4310	−0.148%	$1.0M	$515K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4321	+0.102%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0791%	1h	0.4319	+0.056%	$51K	$59	10x	as long as short