Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.024%
Price spread now: ApeX Omni against Bybit+0.229%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$580.583% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.229%, 7d avg +0.060%
Together, before fees−0.057%−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.170% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TIAUSDT0.43610.0100pay 0.0050% / 4h2h 47m$9.8M$13.8M50x
ShortApeX Omni TIAUSDT0.43710.0093get 0.0012% / 1h47m 35s$50K$228K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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
−$1.46
Price spread: +0.229% → +0.060%
$16.96
Slippage, 4 orders
−$37.34
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$42.84
Costs to cover
0.583%
Break-even
never at this rate
Slippage from Bybit: live order book, 6 min ago; ApeX Omni: live order book, 64 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 Bybit live order book, 6 min ago1.14 bp16.2 bp −$1630.6 bp −$306doesn't fitdoesn't fit
Sell ApeX Omni live order book, 64 min ago7.90 bp15.4 bp −$15101.7 bp −$1,017doesn't fitdoesn't fit

TIA on 27 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
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4369+0.183%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4370+0.205%$1K150xas long as short
ApeX Omni TIAUSDTshort+0.0093%1h0.4371+0.229%$50K$228K50x
Lighter TIA+0.0096%1h0.4372+0.248%$155K$422K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4368+0.161%$6K$266K10xas long as short
Hyperliquid TIA+0.0100%1h0.4372+0.248%$4.7M$1.4M5xas long as short
Aster TIAUSDT+0.0100%4h0.4364+0.063%$33K$244K10xas long as short
Binance TIAUSDT+0.0100%4h0.4361+0.009%$13.7M$44.0M75xas long as short
Bybit TIAUSDTlong+0.0100%4h0.4361long leg$9.8M$13.8M50x
OKX TIA-USDT-SWAP+0.0100%4h0.4357−0.092%$2.8M$6.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4366+0.115%$984K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4364+0.069%$10.7M$6.4M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4365+0.092%$4.2M$9.4M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4363+0.046%$4.4M$3.7M75xas long as short
BingX TIA-USDT+0.0100%4h0.4364+0.069%$103.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4369+0.179%$102K$173K10xas long as short
Variational Omni TIA+0.0100%4h0.4372+0.246%$102K$51Kas long as short
HTX TIA-USDT+0.0100%4h0.4370+0.206%$58K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4360−0.022%$55K$212K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4367+0.134%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4368+0.163%$6K15xas long as short
Kraken Futures PF_TIAUSD+0.0192%1h0.4368+0.162%$346K$206K50xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4376+0.344%$25K$11K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4369+0.183%$1.7M$704K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0360% / S −0.0613%1h0.4370+0.205%$24K100xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4378+0.390%$47K$84K50xas long as short
dYdX TIA-USD+0.0465%1h0.4366+0.121%$52K$13910xas long as short