Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0382%/8h= −41.9% APRpaid last 24h −0.100%

Price spread now: ApeX Omni against BloFin−0.159%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$26 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.159%, 7d avg −0.016%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and ApeX Omni is 0.144% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.255% in total (about -13.3% 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	BloFin TIA-USDT	0.4391	0.0340	pay 0.0170% / 4h	37m 15s	$1.6M	$738K	75x
Short	ApeX Omni TIAUSDT	0.4384	−0.0042	pay 0.0005% / 1h	37m 15s	$49K	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.159%Rate

Funding earned: −$80.27
Price spread: −0.159% → −0.016%: −$14.38
Slippage, 4 orders: −$39.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$156.25
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; ApeX Omni: live order book, 19 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 BloFin live order book, 5 min ago	3.42 bp	15.7 bp −$16	24.0 bp −$240	61.6 bp −$6,161	doesn't fit
Sell ApeX Omni live order book, 19 min ago	7.94 bp	17.9 bp −$18	123.8 bp −$1,238	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
Variational Omni TIA	−0.0081%	4h	0.4389	−0.053%	$103K	$85K	—	as long as short
Bybit TIAUSDT	−0.0058%	4h	0.4393	+0.046%	$9.7M	$13.4M	50x	as long as short
ApeX Omni TIAUSDTshort	−0.0042%	1h	0.4384	−0.159%	$49K	$231K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4395	+0.091%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4394	+0.066%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0032%	4h	0.4385	−0.137%	$4.2M	$9.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4401	+0.219%	$156K	$418K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4392	+0.023%	$5K	$273K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4393	+0.043%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4391	−0.002%	$32K	$245K	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	0.4395	+0.090%	$14.3M	$42.8M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4388	−0.068%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4393	+0.046%	$995K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4391	0.000%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4391	0.000%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4392	+0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4392	+0.025%	$102K	$157K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4391	0.000%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4389	−0.042%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4394	+0.068%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0165%	1h	0.4394	+0.077%	$359K	$194K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4386	−0.106%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4396	+0.114%	$26K	$10K	12x	as long as short
dYdX TIA-USD	+0.0338%	1h	0.4393	+0.046%	$52K	$199	10x	as long as short
BloFin TIA-USDTlong	+0.0340%	4h	0.4391	long leg	$1.6M	$738K	75x
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4406	+0.342%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4393	+0.046%	$40K	—	100x	as long as short