TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.024%

Price spread now: Lighter against Reya+0.224%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.224% dearer against Reya than usual: you sell high and buy low (spread +0.224% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4433	0.0180	pay 0.0023% / 1h	24m 29s	$6K	—	15x
Short	Lighter TIA	0.4443	0.0096	get 0.0012% / 1h	24m 29s	$157K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.224%Rate

Funding earned: −$17.71
Price spread: +0.224% → 0.000%: $22.4
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.31
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 25 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 Lighter live order book, 25 min ago	2.39 bp	13.5 bp −$13	72.0 bp −$720	324.3 bp −$32.4K	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
Variational Omni TIA	−0.0018%	4h	0.4430	−0.076%	$104K	$65K	—	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4443	+0.224%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4435	+0.041%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0027%	4h	0.4431	−0.047%	$9.8M	$13.5M	50x	as long as short
ApeX Omni TIAUSDT	+0.0032%	1h	0.4442	+0.201%	$50K	$230K	50x	as long as short
KuCoin TIAUSDTM	+0.0052%	4h	0.4437	+0.089%	$4.3M	$9.1M	50x	as long as short
Lighter TIAshort	+0.0096%	1h	0.4443	+0.224%	$157K	$419K	10x
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4432	−0.024%	$5K	$273K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4443	+0.233%	$4.8M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4433	+0.003%	$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	0.4433	−0.002%	$14.5M	$43.1M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4426	−0.159%	$2.8M	$6.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4436	+0.066%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4435	+0.044%	$12.0M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4437	+0.089%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4433	−0.002%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4442	+0.213%	$103K	$167K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4431	−0.047%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4433	−0.005%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4431	−0.040%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0163%	1h	0.4442	+0.210%	$363K	$195K	50x	as long as short
Reya TIARUSDPERPlong	+0.0180%	1h	0.4433	long leg	$6K	—	15x
Injective TIA/USDC PERP	+0.0237%	1h	0.4442	+0.201%	$26K	$10K	12x	as long as short
dYdX TIA-USD	+0.0326%	1h	0.4439	+0.137%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4427	−0.137%	$1.6M	$748K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4452	+0.427%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0496% / S −0.1196%	1h	0.4433	+0.004%	$41K	—	100x	as long as short