Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.102%

Price spread now: gTrade (Gains Network) against BloFin+0.025%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.025% dearer against BloFin than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TIA-USDT	0.4448	0.0340	pay 0.0170% / 4h	8m 39s	$1.7M	$718K	75x
Short	gTrade (Gains Network) TIA/USD	0.4449	L +0.0002% / S 0.0000%	get 0.0000% / 1h	8m 39s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.025%Rate

Funding earned: −$71.33
Price spread: +0.025% → 0.000%: $2.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$90.83
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	1.13 bp	13.4 bp −$13	22.0 bp −$220	77.6 bp −$7,759	doesn't fit
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
GMX TIA/USD [ETH-USDC]	L −0.1211% / S +0.0088%	1h	0.4449	+0.018%	$5K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0056%	1h	0.4438	−0.225%	$51K	$224K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4450	+0.049%	$348K	$208K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4452	+0.090%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USDshort	L +0.0002% / S 0.0000%	1h	0.4449	+0.025%	$1K	—	150x
Injective TIA/USDC PERP	+0.0014%	1h	0.4449	+0.022%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0045%	4h	0.4447	−0.022%	$2.8M	$6.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4456	+0.175%	$156K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4450	+0.045%	$7K	$231K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4455	+0.162%	$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	0.4449	+0.018%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4451	+0.067%	$14.1M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4449	+0.022%	$10.2M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4452	+0.090%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4451	+0.067%	$12.4M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4451	+0.067%	$4.3M	$10.0M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4448	0.000%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4449	+0.022%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4451	+0.058%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4435	−0.293%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4451	+0.067%	$60K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4448	−0.001%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4450	+0.035%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4445	−0.062%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0237%	1h	0.4450	+0.053%	$53K	$139	10x	as long as short
BloFin TIA-USDTlong	+0.0340%	4h	0.4448	long leg	$1.7M	$718K	75x
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4459	+0.247%	$52K	$104K	50x	as long as short