Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.056%

Price spread now: HTX against Deribit−0.023%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TIA_USDC-PERPETUAL	0.4384	0	get 0.0000% / 1h	36m 09s	$30K	$27K	25x
Short	HTX TIA-USDT	0.4383	0.0100	get 0.0050% / 4h	36m 09s	$58K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $21
Price spread: −0.023% → 0.000%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$0.28
Costs to cover: 0.190%
Break-even: 7.1 days

Slippage unknown: Deribit: no order-book sample; HTX: 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 Deribit no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Deribit and HTX: 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
Variational Omni TIA	−0.0081%	4h	0.4389	+0.107%	$103K	$85K	—	as long as short
Bybit TIAUSDT	−0.0059%	4h	0.4384	0.000%	$9.6M	$13.4M	50x	as long as short
ApeX Omni TIAUSDT	−0.0042%	1h	0.4384	0.000%	$49K	$231K	50x	as long as short
Deribit TIA_USDC-PERPETUALlong	0.0000%	1h	0.4384	long leg	$30K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4383	−0.023%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0030%	4h	0.4387	+0.068%	$4.2M	$9.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4392	+0.180%	$155K	$418K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4383	−0.023%	$5K	$273K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4389	+0.103%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4383	−0.017%	$32K	$245K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4387	+0.077%	$14.3M	$42.8M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4384	0.000%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4387	+0.068%	$993K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4389	+0.114%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4385	+0.023%	$4.4M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4382	−0.046%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4395	+0.244%	$101K	$158K	10x	as long as short
HTX TIA-USDTshort	+0.0100%	4h	0.4383	−0.023%	$58K	$74K	50x
Extended TIA-USD	+0.0104%	1h	0.4379	−0.116%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4384	+0.008%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0165%	1h	0.4387	+0.069%	$358K	$194K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4378	−0.135%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4396	+0.274%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4391	+0.160%	$1.6M	$738K	75x	as long as short
dYdX TIA-USD	+0.0375%	1h	0.4394	+0.233%	$52K	$199	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4406	+0.502%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4383	−0.022%	$40K	—	100x	as long as short