Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.028%

Price spread now: Gate against Coinbase International−0.201%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 4 days (all we have)−0.538%−$54 · spread now −0.201%, 7d avg −0.136%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.065% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.136%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.452%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TIA-PERP-INTX	0.4477	0.0416	pay 0.0052% / 1h	26m 38s	$53K	$107K	50x
Short	Gate TIA_USDT	0.4468	0.0100	get 0.0050% / 4h	3h 26m	$1.0M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.201%Rate

Funding earned: −$66.36
Price spread: −0.201% → −0.136%: −$6.5
Slippage, 4 orders: −$107.55
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$205.42
Costs to cover: 1.326%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 62 min ago; Gate: live order book, 1 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 Coinbase International live order book, 62 min ago	19.18 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.59 bp	28.9 bp −$29	79.2 bp −$792	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
GMX TIA/USD [ETH-USDC]	L −0.2857% / S +0.0143%	1h	0.4471	−0.141%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0112%	1h	0.4472	−0.119%	$352K	$221K	50x	as long as short
ApeX Omni TIAUSDT	−0.0034%	1h	0.4463	−0.313%	$51K	$224K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4473	−0.089%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4465	−0.270%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0007%	4h	0.4465	−0.268%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4464	−0.290%	$45K	$53K	12x	as long as short
Lighter TIA	+0.0096%	1h	0.4474	−0.065%	$193K	$469K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4472	−0.112%	$7K	$217K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4474	−0.076%	$4.9M	$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	0.4465	−0.271%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4469	−0.178%	$14.4M	$49.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4465	−0.268%	$10.1M	$14.6M	50x	as long as short
Gate TIA_USDTshort	+0.0100%	4h	0.4468	−0.201%	$1.0M	$1.9M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4469	−0.179%	$11.5M	$14.4M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4465	−0.268%	$4.3M	$10.1M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4461	−0.357%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4463	−0.313%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4469	−0.183%	$103K	$178K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4465	−0.262%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4475	−0.045%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4460	−0.386%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4472	−0.106%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0106%	1h	0.4471	−0.130%	$53K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4463	−0.305%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4476	−0.022%	$1.7M	$770K	75x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0416%	1h	0.4477	long leg	$53K	$107K	50x