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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0153%/8h= −16.8% APRpaid last 24h +0.543%
Price spread now: GMX against Binance−0.090%7-day average · you buy dearer than you sell
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.090% cheaper against Binance 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TIAUSDT0.43540.0100pay 0.0050% / 4h1h 26m$13.6M$47.5M75x
ShortGMX TIA/USD [ETH-USDC]0.4350L +0.0094% / S +0.0053%pay 0.0007% / 1h26m 45s$6K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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
−$32.23
Price spread: −0.090% → 0.000%
−$9.01
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$63.25
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 15 min ago; GMX: no order-book sample. 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 Binance live order book, 15 min ago2.29 bp9.5 bp −$920.8 bp −$208111.0 bp −$11.1Kdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4352−0.049%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4347−0.163%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0051%4h0.4351−0.072%$2.7M$6.4M50xas long as short
GMX TIA/USD [ETH-USDC]shortL +0.0094% / S +0.0053%1h0.4350−0.090%$6K100x
Lighter TIA+0.0096%1h0.4362+0.171%$150K$426K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4350−0.095%$7K$252K10xas long as short
Hyperliquid TIA+0.0100%1h0.4361+0.166%$4.7M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4351−0.069%$32K$247K10xas long as short
Binance TIAUSDTlong+0.0100%4h0.4354long leg$13.6M$47.5M75x
Bybit TIAUSDT+0.0100%4h0.4355+0.019%$9.8M$13.9M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4354−0.004%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4354−0.004%$12.9M$14.2M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4350−0.095%$4.2M$9.8M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4354−0.004%$4.3M$3.8M75xas long as short
BingX TIA-USDC+0.0100%4h0.4352−0.049%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4352−0.059%$100K$173K10xas long as short
Variational Omni TIA+0.0100%4h0.4349−0.124%$101K$51Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4345−0.210%$50K$226K50xas long as short
HTX TIA-USDT+0.0100%4h0.4357+0.065%$58K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4351−0.062%$56K$212K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4350−0.095%$7K3xas long as short
Kraken Futures PF_TIAUSD+0.0146%1h0.4351−0.076%$345K$204K50xas long as short
Injective TIA/USDC PERP+0.0176%1h0.4353−0.027%$24K$11K12xas long as short
Reya TIARUSDPERP+0.0181%1h0.4342−0.276%$6K15xas long as short
BloFin TIA-USDT+0.0340%4h0.4352−0.049%$1.6M$702K75xas long as short
Coinbase International TIA-PERP-INTX+0.0408%1h0.4395+0.938%$47K$87K50xas long as short
dYdX TIA-USD+0.0465%1h0.4352−0.049%$52K$13910xas long as short