Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.025%

Price spread now: ApeX Omni against Bitget−0.158%93s7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.669% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+1.110%+$111 · spread now −0.158%, 7d avg +0.082%

Together, before fees+1.086%+$109 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.239% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.082%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TIAUSDT	0.4442	0.0100	pay 0.0050% / 4h	13m 55s	$4.4M	$4.1M	75x
Short	ApeX Omni TIAUSDT	0.4435	−0.0099	pay 0.0012% / 1h	13m 55s	$51K	$225K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.158%Rate

Funding earned: −$41.83
Price spread: −0.158% → +0.082%: −$23.94
Slippage, 4 orders: −$44.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$132.71
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 22 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 Bitget live order book, 4 min ago	1.13 bp	15.3 bp −$15	29.6 bp −$296	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 22 min ago	9.05 bp	18.2 bp −$18	118.0 bp −$1,180	doesn't fit	doesn't fit

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
GMX TIA/USD [ETH-USDC]	L −0.1078% / S +0.0087%	1h	0.4433	−0.212%	$6K	—	100x	as long as short
ApeX Omni TIAUSDTshort	−0.0099%	1h	0.4435	−0.158%	$51K	$225K	50x
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4442	−0.011%	$350K	$206K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4443	+0.023%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4442	0.000%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4437	−0.113%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0052%	4h	0.4439	−0.068%	$2.8M	$6.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4446	+0.088%	$153K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4441	−0.023%	$7K	$232K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4449	+0.164%	$4.8M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4442	−0.002%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4444	+0.045%	$14.1M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4445	+0.068%	$10.1M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4443	+0.023%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4445	+0.068%	$12.4M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4443	+0.023%	$4.2M	$10.0M	50x	as long as short
Bitget TIAUSDTlong	+0.0100%	4h	0.4442	long leg	$4.4M	$4.1M	75x
BingX TIA-USDC	+0.0100%	4h	0.4443	+0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4444	+0.034%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4435	−0.162%	$135K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4436	−0.135%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4442	−0.007%	$57K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4441	−0.023%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4428	−0.305%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0235%	1h	0.4439	−0.068%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4432	−0.225%	$1.7M	$715K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4448	+0.135%	$52K	$103K	50x	as long as short