Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.049%

Price spread now: BloFin against Reya−0.110%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on BloFin

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. BloFin is 0.110% cheaper against Reya than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.3 days of funding at the current rate (+$5 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4422	0.0182	pay 0.0023% / 1h	21m 57s	$6K	—	15x
Short	BloFin TIA-USDT	0.4417	0.0340	get 0.0170% / 4h	21m 57s	$1.7M	$713K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.110%Rate

Funding earned: $33.26
Price spread: −0.110% → 0.000%: −$10.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.3
Costs to cover: 0.180%
Break-even: 6.1 days

Slippage unknown: Reya: no order-book sample; BloFin: 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 Reya no order-book sample	—	—	—	—	—
Sell BloFin live order book, 1 min ago	3.39 bp	12.6 bp −$13	27.6 bp −$276	73.5 bp −$7,347	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
GMX TIA/USD [ETH-USDC]	L −0.0635% / S +0.0074%	1h	0.4425	+0.064%	$6K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0113%	1h	0.4418	−0.087%	$51K	$225K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4426	+0.090%	$349K	$205K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4426	+0.094%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4425	+0.068%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4418	−0.087%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0042%	4h	0.4421	−0.019%	$2.8M	$6.7M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4430	+0.175%	$153K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4424	+0.049%	$7K	$232K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4430	+0.196%	$4.7M	$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	0.4426	+0.094%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4425	+0.065%	$14.0M	$48.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4423	+0.026%	$10.1M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4425	+0.071%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4425	+0.071%	$12.4M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4424	+0.049%	$4.2M	$10.0M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4421	−0.019%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4422	+0.004%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4425	+0.062%	$102K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4411	−0.252%	$135K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4431	+0.207%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4423	+0.017%	$57K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4424	+0.049%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0182%	1h	0.4422	long leg	$6K	—	15x
dYdX TIA-USD	+0.0225%	1h	0.4432	+0.230%	$53K	$139	10x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4417	−0.110%	$1.7M	$713K	75x
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4430	+0.184%	$52K	$102K	50x	as long as short