Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.3405%/8h= +372.9% APRpaid last 24h +0.436%

Price spread now: GMX against Bitget−0.026%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on GMX

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

Funding pays, the price is against you. GMX is 0.026% cheaper against Bitget than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about under an hour of funding at the current rate (+$102 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TIAUSDT	0.4383	0.0100	pay 0.0050% / 4h	3h 28m	$4.5M	$3.2M	75x
Short	GMX TIA/USD [ETH-USDC]	0.4382	L +0.0460% / S −0.3505%	get 0.0438% / 1h	28m 26s	$36K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $715.15
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $688.59
Costs to cover: 0.240%
Break-even: 0.3 days

Slippage unknown: Bitget: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 5 min ago	2.29 bp	16.5 bp −$17	31.4 bp −$314	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TIA-USDT-SWAP	−0.0165%	4h	0.4380	−0.068%	$2.8M	$5.9M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4384	+0.012%	$360K	$226K	50x	as long as short
KuCoin TIAUSDTM	−0.0028%	4h	0.4379	−0.091%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4384	+0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4382	−0.019%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4388	+0.114%	$140K	$359K	10x	as long as short
ApeX Omni TIAUSDT	+0.0098%	1h	0.4376	−0.160%	$49K	$235K	50x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4382	−0.023%	$5K	$362K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4387	+0.082%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4384	+0.023%	$34K	$249K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4382	−0.023%	$14.6M	$41.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4379	−0.091%	$9.6M	$12.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4383	0.000%	$983K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4383	0.000%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDTlong	+0.0100%	4h	0.4383	long leg	$4.5M	$3.2M	75x
BingX TIA-USDT	+0.0100%	4h	0.4379	−0.091%	—	$98.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4378	−0.119%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4378	−0.118%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4379	−0.091%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4380	−0.061%	$54K	$170K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4383	0.000%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4383	0.000%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4379	−0.082%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.137%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4377	−0.137%	$1.2M	$578K	75x	as long as short
GMX TIA/USD [ETH-USDC]short	L +0.0460% / S −0.3505%	1h	0.4382	−0.026%	$36K	—	100x
dYdX TIA-USD	+0.0997%	1h	0.4382	−0.023%	$52K	$59	10x	as long as short