Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.007%

Price spread now: Bybit against Aevo−0.090%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.090% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TIA-PERP	0.4306	0.0104	pay 0.0013% / 1h	59m 56s	$7K	—	3x
Short	Bybit TIAUSDT	0.4302	−0.0006	pay 0.0003% / 4h	1h 59m	$9.3M	$13.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$23.08
Price spread: −0.090% → 0.000%: −$8.99
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.07
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.16 bp	11.8 bp −$12	31.0 bp −$310	183.8 bp −$18.4K	doesn't fit

Aevo: 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	−0.0391%	1h	0.4307	+0.034%	$354K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0214%	1h	0.4307	+0.026%	$30K	$27K	25x	as long as short
Gate TIA_USDT	−0.0048%	4h	0.4304	−0.043%	$992K	$1.8M	75x	as long as short
KuCoin TIAUSDTM	−0.0046%	4h	0.4304	−0.043%	$4.1M	$8.5M	50x	as long as short
OKX TIA-USDT-SWAP	−0.0011%	4h	0.4302	−0.090%	$2.7M	$5.8M	50x	as long as short
Bybit TIAUSDTshort	−0.0006%	4h	0.4302	−0.090%	$9.3M	$13.0M	50x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4308	+0.038%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0065%	1h	0.4305	−0.020%	$48K	$237K	50x	as long as short
Variational Omni TIA	+0.0088%	4h	0.4302	−0.082%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4311	+0.110%	$127K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4304	−0.043%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4311	+0.128%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4308	+0.040%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4306	+0.003%	$14.0M	$40.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4306	+0.003%	$9.1M	$5.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4305	−0.020%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4304	−0.043%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4305	−0.009%	$100K	$151K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4303	−0.067%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4302	−0.079%	$58K	$165K	25x	as long as short
Aevo TIA-PERPlong	+0.0104%	1h	0.4306	long leg	$7K	—	3x
Reya TIARUSDPERP	+0.0179%	1h	0.4303	−0.070%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4345	+0.909%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4318	+0.282%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4307	+0.026%	$1.0M	$539K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4308	+0.049%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0776%	1h	0.4306	−0.002%	$51K	$59	10x	as long as short