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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against BingX+0.067%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$430.432% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.203%+$20 on $10k
Price spread, last 4 days (all we have)+0.327%+$33 · spread now +0.067%, 7d avg +0.046%
Together, before fees+0.530%+$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.021% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TIA-USDT0.44450.0100pay 0.0050% / 4h1h 29m$99.0M
ShortBloFin TIA-USDT0.44480.0340get 0.0170% / 4h1h 29m$1.4M$720K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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
$50.4
Price spread: +0.067% → +0.046%
$2.14
Slippage, 4 orders
−$21.24
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$9.29
Costs to cover
0.432%
Break-even
5.7 days
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 3 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 BingX live order book, 10 min ago2.27 bp11.8 bp −$1220.3 bp −$20361.7 bp −$6,172387.8 bp −$193.9K
Sell BloFin live order book, 3 min ago3.38 bp11.5 bp −$1123.6 bp −$23670.4 bp −$7,043doesn'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%1h0.4447+0.045%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4448+0.062%$1K150xas long as short
Bybit TIAUSDT+0.0017%4h0.4440−0.112%$9.6M$13.3M50xas long as short
KuCoin TIAUSDTM+0.0018%4h0.44450.000%$4.3M$9.0M50xas long as short
ApeX Omni TIAUSDT+0.0059%1h0.4451+0.135%$50K$231K50xas long as short
Variational Omni TIA+0.0061%4h0.4448+0.058%$104K$85Kas long as short
Kraken Futures PF_TIAUSD+0.0074%1h0.4448+0.078%$364K$205K50xas long as short
OKX TIA-USDT-SWAP+0.0075%4h0.4441−0.090%$2.8M$6.2M50xas long as short
Lighter TIA+0.0096%1h0.4450+0.110%$157K$415K10xas long as short
Hyperliquid TIA+0.0100%1h0.4454+0.191%$4.8M$1.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4448+0.064%$33K$246K10xas long as short
Binance TIAUSDT+0.0100%4h0.4444−0.013%$14.6M$42.8M75xas long as short
Gate TIA_USDT+0.0100%4h0.4450+0.112%$1.0M$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4443−0.045%$12.3M$6.5M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4443−0.045%$4.5M$3.4M75xas long as short
BingX TIA-USDTlong+0.0100%4h0.4445long leg$99.0M
Backpack TIA_USDC_PERP+0.0100%1h0.4449+0.088%$103K$154K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.44450.000%$5K$316K10xas long as short
HTX TIA-USDT+0.0100%4h0.4447+0.045%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4442−0.062%$56K$213K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4446+0.022%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4444−0.022%$6K15xas long as short
dYdX TIA-USD+0.0234%1h0.4447+0.047%$53K$19910xas long as short
BloFin TIA-USDTshort+0.0340%4h0.4448+0.067%$1.4M$720K75x
Coinbase International TIA-PERP-INTX+0.0376%1h0.4460+0.337%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0496% / S −0.1196%1h0.4447+0.055%$41K100xas long as short
Injective TIA/USDC PERP+0.0496%1h0.4441−0.090%$26K$10K12xas long as short