Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.023%

Price spread now: Reya against Bybit+0.033%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.033% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4467	0.0100	pay 0.0050% / 4h	2h 57m	$10.1M	$14.5M	50x
Short	Reya TIARUSDPERP	0.4468	0.0182	get 0.0023% / 1h	57m 27s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.033%Rate

Funding earned: $17.24
Price spread: +0.033% → 0.000%: $3.33
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $3.57
Costs to cover: 0.170%
Break-even: 5.6 days

Slippage unknown: Bybit: live order book, 6 min ago; Reya: 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 Bybit live order book, 6 min ago	1.11 bp	13.7 bp −$14	36.6 bp −$366	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.3914% / S +0.0179%	1h	0.4501	+0.753%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0167%	1h	0.4472	+0.106%	$352K	$198K	50x	as long as short
dYdX TIA-USD	0.0000%	1h	0.4469	+0.047%	$53K	$139	10x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4476	+0.201%	$31K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4497	+0.666%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0022%	1h	0.4471	+0.099%	$103K	$171K	10x	as long as short
Injective TIA/USDC PERP	+0.0079%	1h	0.4518	+1.142%	$81K	$157K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0090%	4h	0.4468	+0.022%	$2.8M	$7.0M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4477	+0.226%	$194K	$436K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4476	+0.201%	$7K	$205K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4476	+0.190%	$4.9M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4472	+0.102%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4470	+0.067%	$14.5M	$49.3M	75x	as long as short
Bybit TIAUSDTlong	+0.0100%	4h	0.4467	long leg	$10.1M	$14.5M	50x
Gate TIA_USDT	+0.0100%	4h	0.4468	+0.022%	$1.0M	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4469	+0.045%	$10.9M	$14.3M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4465	−0.045%	$4.3M	$10.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4466	−0.022%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4467	0.000%	—	$14.7M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4493	+0.575%	$138K	$78K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4497	+0.672%	$52K	$224K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4478	+0.246%	$60K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4463	−0.100%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4474	+0.157%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0182%	1h	0.4468	+0.033%	$6K	—	15x
BloFin TIA-USDT	+0.0340%	4h	0.4492	+0.560%	$1.7M	$768K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4521	+1.209%	$54K	$99K	50x	as long as short