Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.027%

Price spread now: Coinbase International against BingX+0.092%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.606%−$61 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.092%, 7d avg +0.158%

Together, before fees−0.460%−$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.066% cheaper against BingX than usual: you would sell low and buy high (spread +0.092% now, against its 7-day average of +0.158%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.606%, 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	BingX TIA-USDT	0.4353	0.0100	pay 0.0050% / 4h	1h 07m	—	$14.6M	—
Short	Coinbase International TIA-PERP-INTX	0.4357	0.0400	get 0.0050% / 1h	7m 56s	$52K	$108K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.092%Rate

Funding earned: $63
Price spread: +0.092% → +0.158%: −$6.64
Slippage, 4 orders: −$61.31
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$24.95
Costs to cover: 0.813%
Break-even: 9.8 days

Slippage from BingX: live order book, 9 min ago; Coinbase International: live order book, 33 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 BingX live order book, 9 min ago	1.15 bp	9.6 bp −$10	15.5 bp −$155	62.3 bp −$6,229	365.2 bp −$182.6K
Sell Coinbase International live order book, 33 min ago	12.63 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit

TIA on 27 exchanges

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
GMX TIA/USD [ETH-USDC]	L −0.6754% / S +0.0274%	1h	0.4344	−0.198%	$5K	—	100x	as long as short
Injective TIA/USDC PERP	−0.0275%	1h	0.4374	+0.482%	$83K	$165K	12x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4355	+0.046%	$32K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4351	−0.054%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0070%	4h	0.4353	0.000%	$9.6M	$15.0M	50x	as long as short
Kraken Futures PF_TIAUSD	+0.0083%	1h	0.4350	−0.058%	$352K	$253K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4359	+0.138%	$156K	$483K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4352	−0.023%	$6K	$173K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4364	+0.260%	$4.6M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4355	+0.043%	$24K	$276K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4356	+0.069%	$13.9M	$52.3M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4352	−0.023%	$2.7M	$6.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4355	+0.046%	$983K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4354	+0.023%	$10.3M	$18.6M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4351	−0.046%	$4.1M	$10.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4352	−0.023%	$4.3M	$4.4M	75x	as long as short
BingX TIA-USDTlong	+0.0100%	4h	0.4353	long leg	—	$14.6M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4355	+0.046%	$101K	$184K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4338	−0.335%	$101K	$96K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4335	−0.414%	$50K	$221K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4353	0.000%	$58K	$79K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4349	−0.101%	$55K	$209K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4353	+0.001%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0132%	1h	0.4351	−0.050%	$52K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0183%	1h	0.4349	−0.082%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4351	−0.046%	$1.4M	$824K	75x	as long as short
Coinbase International TIA-PERP-INTXshort	+0.0400%	1h	0.4357	+0.092%	$52K	$108K	50x