Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni−0.115%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.115%, 7d avg −0.058%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.057% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.058%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TIAUSDT	0.4352	−0.0099	get 0.0012% / 1h	51m 17s	$50K	$227K	50x
Short	OKX TIA-USDT-SWAP	0.4347	0.0068	get 0.0034% / 4h	1h 51m	$2.7M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee OKXbpOrdersPrice spread, now −0.115%Rate

Funding earned: $35.14
Price spread: −0.115% → −0.058%: −$5.66
Slippage, 4 orders: −$42.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.39
Costs to cover: 0.629%
Break-even: 13.7 days

Slippage from ApeX Omni: live order book, 55 min ago; OKX: live order book, 2 min ago.

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 ApeX Omni live order book, 55 min ago	8.04 bp	17.5 bp −$17	127.4 bp −$1,274	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.15 bp	16.3 bp −$16	47.8 bp −$478	doesn't fit	doesn't fit

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
ApeX Omni TIAUSDTlong	−0.0099%	1h	0.4352	long leg	$50K	$227K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4353	+0.023%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4352	−0.002%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAPshort	+0.0068%	4h	0.4347	−0.115%	$2.7M	$6.5M	50x
Lighter TIA	+0.0096%	1h	0.4352	−0.005%	$150K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4351	−0.023%	$7K	$259K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4356	+0.103%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	−0.069%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4352	−0.004%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4350	−0.046%	$9.8M	$14.0M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4351	−0.023%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4350	−0.046%	$13.0M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4350	−0.046%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4349	−0.069%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4350	−0.046%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4345	−0.149%	$100K	$172K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4360	+0.189%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4354	+0.046%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4349	−0.061%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4352	0.000%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0136% / S +0.0052%	1h	0.4353	+0.013%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4350	−0.047%	$345K	$203K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4351	−0.023%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4349	−0.072%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0285%	1h	0.4346	−0.135%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4351	−0.023%	$1.7M	$702K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+0.988%	$47K	$87K	50x	as long as short