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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Variational Omni+0.216%7-day average +0.102% · 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)+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.679%−$68 · spread now +0.216%, 7d avg +0.102%
Together, before fees−0.669%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$67 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.114% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.102%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TIA0.44470.0052pay 0.0026% / 4h1h 19m$104K$85K
ShortHyperliquid TIA0.44560.0100get 0.0013% / 1h19m 58s$4.8M$1.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$10.04
Price spread: +0.216% → +0.102%
$11.44
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$12.48
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Hyperliquid: live order book, 2 min ago. 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, 54 min ago4.55 bpdoesn't fit27.3 bp −$273doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago0.56 bp8.1 bp −$8doesn't fitdoesn't fitdoesn't fit

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
Bybit TIAUSDT−0.0008%4h0.4445−0.038%$9.7M$13.5M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4451+0.097%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4451+0.097%$1K150xas long as short
KuCoin TIAUSDTM+0.0016%4h0.4446−0.015%$4.3M$9.0M50xas long as short
Variational Omni TIAlong+0.0052%4h0.4447long leg$104K$85K
Kraken Futures PF_TIAUSD+0.0074%1h0.4452+0.116%$364K$205K50xas long as short
Lighter TIA+0.0096%1h0.4456+0.207%$157K$416K10xas long as short
ApeX Omni TIAUSDT+0.0098%1h0.4447+0.007%$50K$231K50xas long as short
Hyperliquid TIAshort+0.0100%1h0.4456+0.216%$4.8M$1.6M5x
Aster TIAUSDT+0.0100%4h0.4450+0.072%$33K$246K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4449+0.053%$14.6M$42.8M75xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4447+0.007%$2.8M$6.2M50xas long as short
Gate TIA_USDT+0.0100%4h0.4451+0.097%$1.0M$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4450+0.075%$12.3M$6.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4450+0.075%$4.5M$3.4M75xas long as short
BingX TIA-USDT+0.0100%4h0.4448+0.030%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4450+0.079%$103K$155K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4449+0.052%$5K$316K10xas long as short
HTX TIA-USDT+0.0100%4h0.4454+0.165%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4445−0.029%$56K$213K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4449+0.052%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.44470.000%$6K15xas long as short
dYdX TIA-USD+0.0220%1h0.4452+0.122%$53K$19910xas long as short
BloFin TIA-USDT+0.0340%4h0.4454+0.165%$1.5M$723K75xas long as short
Coinbase International TIA-PERP-INTX+0.0376%1h0.4460+0.300%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0496% / S −0.1196%1h0.4450+0.086%$41K100xas long as short
Injective TIA/USDC PERP+0.0496%1h0.4457+0.232%$26K$10K12xas long as short