Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.061%
Price spread now: Lighter against Deribit+0.080%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.080% dearer against Deribit than usual: you sell high and buy low: +$8 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 | Deribit TIA_USDC-PERPETUAL | 0.4375 | 0 | get 0.0000% / 1h | 2m 43s | $30K | $27K | 25x |
| Short | Lighter TIA | 0.4379 | 0.0096 | get 0.0012% / 1h | 2m 43s | $139K | $360K | 10x |
Deribit TIA_USDC-PERPETUAL
Lighter TIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.16
- Price spread: +0.080% → 0.000%
- $8
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $21.16
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 62 min ago. 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 Lighter live order book, 62 min ago | 1.94 bp | 16.2 bp −$16 | 91.4 bp −$914 | 333.2 bp −$33.3K | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TIAUSD | −0.0153% | 1h | 0.4377 | +0.035% | $360K | $225K | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0138% | 4h | 0.4363 | −0.274% | $2.8M | $5.9M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0030% | 4h | 0.4370 | −0.114% | $4.2M | $8.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALlong | 0.0000% | 1h | 0.4375 | long leg | $30K | $27K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4375 | +0.001% | $1K | — | 150x | as long as short |
| Bybit TIAUSDT | +0.0069% | 4h | 0.4363 | −0.274% | $9.5M | $12.9M | 50x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4379 | +0.080% | $139K | $360K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4374 | −0.023% | $5K | $363K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4379 | +0.085% | $4.5M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4376 | +0.026% | $34K | $240K | 10x | as long as short |
Kraken Futures PF_TIAUSD
OKX TIA-USDT-SWAP
KuCoin TIAUSDTM
gTrade (Gains Network) TIA/USD
Bybit TIAUSDT
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4369 | −0.140% | $14.6M | $41.3M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4368 | −0.160% | $982K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4370 | −0.114% | $12.8M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4368 | −0.160% | $4.5M | $3.2M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4364 | −0.251% | — | $98.9M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4371 | −0.091% | $103K | $155K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4386 | +0.244% | $103K | $84K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4390 | +0.343% | $49K | $232K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4376 | +0.023% | $58K | $68K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4362 | −0.297% | $54K | $184K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4374 | −0.012% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0117% | 1h | 0.4403 | +0.640% | $27K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4372 | −0.073% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0256% | 1h | 0.4378 | +0.069% | $51K | $75K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4377 | +0.046% | $1.3M | $600K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0461% / S −0.3505% | 1h | 0.4376 | +0.016% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0818% | 1h | 0.4373 | −0.040% | $52K | $199 | 10x | as long as short |
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD