Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: Hyperliquid against BloFin+0.116%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.279%−$28 on $10k

Price spread, last 3 days (all we have)−0.229%−$23 · spread now +0.116%, 7d avg +0.044%

Together, before fees−0.507%+ Points / potential airdropHyperliquid: Season 2 · farm board−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.072% dearer against BloFin than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.044%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TIA-USDT	0.4300	0.0340	pay 0.0170% / 4h	2h 04m	$1.0M	$539K	75x
Short	Hyperliquid TIA	0.4305	0.0100	get 0.0013% / 1h	4m 44s	$4.2M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$50.4
Price spread: +0.116% → +0.044%: $7.22
Slippage, 4 orders: −$32.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$96.53
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago	2.32 bp	17.0 bp −$17	29.8 bp −$298	73.9 bp −$7,386	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.93 bp	12.4 bp −$12	doesn't fit	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
Kraken Futures PF_TIAUSD	−0.0391%	1h	0.4304	+0.091%	$354K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0215%	1h	0.4303	+0.070%	$30K	$27K	25x	as long as short
Gate TIA_USDT	−0.0078%	4h	0.4299	−0.023%	$991K	$1.8M	75x	as long as short
KuCoin TIAUSDTM	−0.0062%	4h	0.4298	−0.047%	$4.1M	$8.5M	50x	as long as short
OKX TIA-USDT-SWAP	−0.0015%	4h	0.4299	−0.023%	$2.7M	$5.8M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4305	+0.105%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0006%	4h	0.4296	−0.093%	$9.3M	$13.0M	50x	as long as short
ApeX Omni TIAUSDT	+0.0053%	1h	0.4315	+0.349%	$49K	$237K	50x	as long as short
Variational Omni TIA	+0.0087%	4h	0.4300	+0.007%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4304	+0.086%	$127K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4302	+0.047%	$5K	$360K	10x	as long as short
Hyperliquid TIAshort	+0.0100%	1h	0.4305	+0.116%	$4.2M	$1.5M	5x
Aster TIAUSDT	+0.0100%	4h	0.4304	+0.096%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4299	−0.023%	$14.0M	$40.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4299	−0.023%	$9.0M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4299	−0.023%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4299	−0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4301	+0.035%	$100K	$151K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4300	0.000%	$63K	$40K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4297	−0.069%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4301	+0.031%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4301	+0.026%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4345	+1.047%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4318	+0.419%	$26K	$10K	12x	as long as short
BloFin TIA-USDTlong	+0.0340%	4h	0.4300	long leg	$1.0M	$539K	75x
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4303	+0.077%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0748%	1h	0.4308	+0.181%	$51K	$59	10x	as long as short