Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%

Price spread now: OKX against Bybit−0.069%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.069%, 7d avg −0.004%

Together, before fees−0.009%−$1 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: OKX is 0.065% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4360	0.0100	pay 0.0050% / 4h	2h 47m	$9.8M	$13.8M	50x
Short	OKX TIA-USDT-SWAP	0.4357	0.0100	get 0.0050% / 4h	2h 47m	$2.7M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.004%: −$6.5
Slippage, 4 orders: −$33.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$61.41
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; OKX: live order book, 5 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 Bybit live order book, 6 min ago	1.14 bp	16.2 bp −$16	30.6 bp −$306	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.14 bp	14.6 bp −$15	50.9 bp −$509	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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4369	+0.206%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4363	+0.066%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0093%	1h	0.4371	+0.252%	$50K	$228K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4372	+0.271%	$155K	$422K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4360	0.000%	$6K	$266K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4366	+0.144%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4362	+0.049%	$33K	$244K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4361	+0.025%	$13.7M	$44.0M	75x	as long as short
Bybit TIAUSDTlong	+0.0100%	4h	0.4360	long leg	$9.8M	$13.8M	50x
OKX TIA-USDT-SWAPshort	+0.0100%	4h	0.4357	−0.069%	$2.7M	$6.3M	50x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4364	+0.092%	$984K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4361	+0.023%	$10.7M	$6.4M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4361	+0.023%	$4.2M	$9.4M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4363	+0.069%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4361	+0.023%	—	$103.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4369	+0.202%	$102K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4372	+0.269%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4370	+0.229%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4360	+0.001%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4360	−0.006%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4360	−0.009%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSD	+0.0192%	1h	0.4368	+0.185%	$346K	$206K	50x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4368	+0.183%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4369	+0.206%	$1.7M	$704K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0360% / S −0.0613%	1h	0.4362	+0.045%	$23K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4378	+0.413%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0465%	1h	0.4366	+0.144%	$52K	$139	10x	as long as short