Settings8H · net · $10k
Funding arb · Price arb /

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h −0.048%
Price spread now: Deribit against Variational Omni+0.571%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.571% dearer against Variational Omni than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TIA0.4426−0.0051get 0.0025% / 4h28m 21s$104K$85K
ShortDeribit TIA_USDC-PERPETUAL0.44510get 0.0000% / 1h28m 21s$31K$27K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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

Funding earned
$10.61
Price spread: +0.571% → 0.000%
$57.11
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$60.71
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 41 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 41 min ago5.66 bpdoesn't fit30.5 bp −$305doesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TIAlong−0.0051%4h0.4426long leg$104K$85K
ApeX Omni TIAUSDT−0.0032%1h0.4411−0.333%$50K$231K50xas long as short
Bybit TIAUSDT−0.0007%4h0.4448+0.503%$9.8M$13.5M50xas long as short
Deribit TIA_USDC-PERPETUALshort0.0000%1h0.4451+0.571%$31K$27K25x
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4454+0.637%$1K150xas long as short
KuCoin TIAUSDTM+0.0048%4h0.4455+0.661%$4.3M$9.1M50xas long as short
Lighter TIA+0.0096%1h0.4467+0.933%$158K$419K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4450+0.548%$5K$273K10xas long as short
Hyperliquid TIA+0.0100%1h0.4463+0.842%$4.8M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4451+0.570%$33K$248K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4449+0.526%$14.5M$42.9M75xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4446+0.458%$2.8M$6.3M50xas long as short
Gate TIA_USDT+0.0100%4h0.4457+0.707%$1.0M$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4455+0.661%$12.1M$6.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4447+0.481%$4.5M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4451+0.571%$101.7Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4456+0.686%$103K$162K10xas long as short
HTX TIA-USDT+0.0100%4h0.4449+0.526%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4453+0.624%$56K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4450+0.559%$7K3xas long as short
Kraken Futures PF_TIAUSD+0.0163%1h0.4454+0.641%$364K$195K50xas long as short
Reya TIARUSDPERP+0.0180%1h0.4454+0.635%$6K15xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4452+0.594%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4454+0.639%$1.6M$747K75xas long as short
dYdX TIA-USD+0.0343%1h0.4460+0.774%$53K$19910xas long as short
Coinbase International TIA-PERP-INTX+0.0384%1h0.4448+0.503%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0497% / S −0.1196%1h0.4453+0.611%$41K100xas long as short