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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.030%
Price spread now: Bitget against ApeX Omni+0.069%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$600.596% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 3 days (all we have)−0.369%−$37 · spread now +0.069%, 7d avg −0.090%
Together, before fees−0.349%−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.159% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TIAUSDT0.4335−0.0020get 0.0002% / 1h7m 09s$49K$236K50x
ShortBitget TIAUSDT0.43380.0100get 0.0050% / 4h1h 07m$4.5M$3.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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
$25.18
Price spread: +0.069% → −0.090%
$15.94
Slippage, 4 orders
−$37.64
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$18.52
Costs to cover
0.596%
Break-even
12.1 days
Slippage from ApeX Omni: live order book, 9 min ago; Bitget: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 9 min ago5.77 bp14.1 bp −$14103.4 bp −$1,034doesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago3.46 bp15.8 bp −$1633.1 bp −$331doesn'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
Kraken Futures PF_TIAUSD−0.0228%1h0.4342+0.163%$355K$241K50xas long as short
OKX TIA-USDT-SWAP−0.0146%4h0.4338+0.069%$2.8M$5.9M50xas long as short
KuCoin TIAUSDTM−0.0044%4h0.4337+0.046%$4.2M$8.6M50xas long as short
Gate TIA_USDT−0.0028%4h0.4338+0.069%$996K$1.8M75xas long as short
ApeX Omni TIAUSDTlong−0.0020%1h0.4335long leg$49K$236K50x
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4343+0.185%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4341+0.141%$1K150xas long as short
Bybit TIAUSDT+0.0091%4h0.4339+0.092%$9.5M$13.2M50xas long as short
Lighter TIA+0.0096%1h0.4345+0.238%$128K$351K10xas long as short
Orderly PERP_TIA_USDC+0.0097%4h0.4338+0.069%$5K$362K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TIA+0.0100%4h0.4333−0.037%$101K$84Kas long as short
Hyperliquid TIA+0.0100%1h0.4346+0.251%$4.2M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4341+0.127%$35K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4341+0.140%$14.4M$41.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4341+0.138%$14.1M$6.8M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4338+0.069%$4.5M$3.5M75x
BingX TIA-USDC+0.0100%4h0.4339+0.092%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4335−0.005%$100K$152K10xas long as short
HTX TIA-USDT+0.0100%4h0.4342+0.161%$65K$42K50xas long as short
Extended TIA-USD+0.0104%1h0.4337+0.043%$57K$167K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4339+0.092%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4333−0.046%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4337+0.051%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4348+0.300%$48K$73K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4336+0.023%$1.1M$557K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0458% / S −0.3505%1h0.4341+0.146%$35K100xas long as short
dYdX TIA-USD+0.0714%1h0.4337+0.055%$52K$5910xas long as short