Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against BingX+0.165%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.165% dearer against BingX than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TIA-USDT	0.4364	0.0100	pay 0.0050% / 4h	3h 52m	—	$99.1M	—
Short	gTrade (Gains Network) TIA/USD	0.4371	L +0.0002% / S 0.0000%	get 0.0000% / 1h	52m 11s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.165%Rate

Funding earned: −$20.93
Price spread: +0.165% → 0.000%: $16.52
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$24.41
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 7 min ago	1.14 bp	9.4 bp −$9	16.9 bp −$169	62.6 bp −$6,263	372.6 bp −$186.3K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	−0.0325%	4h	0.4361	−0.069%	$9.6M	$13.1M	50x	as long as short
ApeX Omni TIAUSDT	−0.0325%	1h	0.4375	+0.252%	$49K	$234K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0196%	4h	0.4361	−0.069%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4366	+0.043%	$359K	$247K	50x	as long as short
KuCoin TIAUSDTM	−0.0054%	4h	0.4360	−0.092%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4365	+0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USDshort	L +0.0002% / S 0.0000%	1h	0.4371	+0.165%	$1K	—	150x
Backpack TIA_USDC_PERP	+0.0007%	1h	0.4365	+0.014%	$103K	$154K	10x	as long as short
Lighter TIA	+0.0096%	1h	0.4370	+0.137%	$139K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4365	+0.023%	$5K	$364K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4371	+0.158%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4362	−0.045%	$34K	$262K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4365	+0.023%	$14.5M	$41.9M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4365	+0.023%	$979K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4365	+0.023%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4363	−0.023%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDTlong	+0.0100%	4h	0.4364	long leg	—	$99.1M	—
Variational Omni TIA	+0.0100%	4h	0.4372	+0.181%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4370	+0.137%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4360	−0.090%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4366	+0.043%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4375	+0.252%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4367	+0.066%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.573%	$51K	$77K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4368	+0.092%	$1.2M	$577K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4371	+0.163%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0589%	1h	0.4372	+0.192%	$52K	$59	10x	as long as short