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−0.0090%/8h= −9.9% APRnext payment $0.45 per $10,000 · paid last 24h −0.045%
Price spread now: KuCoin against Bitget−0.045%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$840.836% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 7 days+0.050%+$5 · spread now −0.045%, 7d avg +0.046%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.091% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TIAUSDT0.43970.0100pay 0.0050% / 4h2h 16m$4.5M$3.5M75x
ShortKuCoin TIAUSDTM0.43950.0010get 0.0005% / 4h2h 16m$4.2M$8.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$18.9
Price spread: −0.045% → +0.046%
−$9.1
Slippage, 4 orders
−$59.64
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$111.64
Costs to cover
0.836%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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 Bitget live order book, 2 min ago1.14 bp15.4 bp −$1532.7 bp −$327doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago2.28 bp21.4 bp −$2170.8 bp −$708doesn't fitdoesn't fit

TIA on 26 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
ApeX Omni TIAUSDT−0.0070%1h0.4399+0.045%$50K$232K50xas long as short
OKX TIA-USDT-SWAP−0.0059%4h0.4394−0.068%$2.8M$6.1M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4397+0.004%$359K$214K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4396−0.023%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4398+0.022%$1K150xas long as short
KuCoin TIAUSDTMshort+0.0010%4h0.4395−0.045%$4.2M$8.9M50x
Lighter TIA+0.0096%1h0.4401+0.082%$156K$408K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4395−0.045%$5K$318K10xas long as short
Hyperliquid TIA+0.0100%1h0.4404+0.157%$4.7M$1.6M5xas long as short
Aster TIAUSDT+0.0100%4h0.4397+0.007%$32K$245K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4397+0.007%$14.4M$42.6M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4394−0.068%$9.5M$13.1M50xas long as short
Gate TIA_USDT+0.0100%4h0.4398+0.023%$990K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4398+0.023%$12.4M$6.8M300xas long as short
Bitget TIAUSDTlong+0.0100%4h0.4397long leg$4.5M$3.5M75x
BingX TIA-USDT+0.0100%4h0.4396−0.023%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4394−0.066%$101K$159K10xas long as short
Variational Omni TIA+0.0100%4h0.4401+0.084%$103K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4399+0.045%$59K$75K50xas long as short
Extended TIA-USD+0.0104%1h0.4391−0.139%$42K$198K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4394−0.066%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4395−0.050%$6K15xas long as short
dYdX TIA-USD+0.0206%1h0.4397+0.005%$52K$19910xas long as short
Injective TIA/USDC PERP+0.0266%1h0.4411+0.318%$27K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4417+0.455%$52K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0464% / S −0.3505%1h0.4396−0.032%$36K100xas long as short