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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Variational Omni against Backpack+0.205%7-day average −0.015% · 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 4 days (all we have)+0.081%+$8 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.205%, 7d avg −0.015%
Together, before fees+0.102%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.220% dearer against Backpack than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TIA_USDC_PERP0.43610.0100pay 0.0013% / 1h53m 27s$102K$173K10x
ShortVariational Omni TIA0.43700.0100get 0.0050% / 4h2h 53m$102K$51K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Backpack. 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
$0
Price spread: +0.205% → −0.015%
$22.04
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$12.04
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Backpack: live order book, 60 min ago; Variational Omni: RFQ quote, 6 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 Backpack live order book, 60 min ago2.02 bp12.9 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 6 min ago4.60 bpdoesn't fit34.5 bp −$345doesn'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
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4360−0.018%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4366+0.119%$1K150xas long as short
Lighter TIA+0.0096%1h0.4368+0.158%$155K$421K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4358−0.064%$5K$265K10xas long as short
Hyperliquid TIA+0.0100%1h0.4366+0.119%$4.7M$1.4M5xas long as short
Aster TIAUSDT+0.0100%4h0.4360−0.024%$33K$244K10xas long as short
Binance TIAUSDT+0.0100%4h0.4360−0.015%$13.7M$44.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4360−0.018%$9.8M$13.8M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4358−0.064%$2.7M$6.3M50xas long as short
Gate TIA_USDT+0.0100%4h0.4364+0.073%$984K$1.8M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TIA_USDT+0.0100%4h0.4364+0.073%$10.7M$6.4M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4358−0.064%$4.2M$9.4M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4362+0.028%$4.4M$3.7M75xas long as short
BingX TIA-USDT+0.0100%4h0.4365+0.096%$103.0Mas long as short
Backpack TIA_USDC_PERPlong+0.0100%1h0.4361long leg$102K$173K10x
Variational Omni TIAshort+0.0100%4h0.4370+0.205%$102K$51K
ApeX Omni TIAUSDT+0.0100%1h0.4363+0.050%$50K$229K50xas long as short
HTX TIA-USDT+0.0100%4h0.4363+0.050%$58K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4358−0.063%$55K$212K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4359−0.032%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4362+0.024%$6K15xas long as short
Kraken Futures PF_TIAUSD+0.0192%1h0.4361+0.009%$346K$205K50xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4372+0.257%$25K$11K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4358−0.064%$1.7M$704K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0360% / S −0.0613%1h0.4366+0.127%$23K100xas long as short
dYdX TIA-USD+0.0379%1h0.4361+0.005%$52K$13910xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4378+0.394%$47K$84K50xas long as short