Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0308%/8h= +33.8% APRpaid last 24h +0.053%

Price spread now: MEXC 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 MEXC

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. MEXC 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 6 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TIA_USDC-PERPETUAL	0.4361	−0.0208	get 0.0026% / 1h	47m 13s	$30K	$25K	25x
Short	MEXC TIA_USDT	0.4360	0.0100	get 0.0050% / 4h	2h 47m	$10.7M	$6.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $64.76
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $55.47
Costs to cover: 0.070%
Break-even: 1.0 days

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.15 bp	5.4 bp −$5	13.3 bp −$133	65.9 bp −$6,594	110.9 bp −$55.4K

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
Deribit TIA_USDC-PERPETUALlong	−0.0208%	1h	0.4361	long leg	$30K	$25K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4363	+0.043%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0093%	1h	0.4371	+0.229%	$50K	$228K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4366	+0.126%	$155K	$422K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4360	−0.023%	$6K	$266K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4366	+0.122%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4362	+0.018%	$33K	$244K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4360	−0.029%	$13.7M	$44.0M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4360	−0.023%	$9.8M	$13.8M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4357	−0.092%	$2.7M	$6.3M	50x	as long as short

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	+0.069%	$984K	$1.8M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4360	−0.023%	$10.7M	$6.4M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4360	−0.023%	$4.2M	$9.4M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4363	+0.046%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4360	−0.023%	—	$103.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4369	+0.179%	$102K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4372	+0.246%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4364	+0.069%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4358	−0.061%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4360	−0.029%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4360	−0.032%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSD	+0.0192%	1h	0.4365	+0.082%	$346K	$206K	50x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4368	+0.161%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4363	+0.046%	$1.7M	$703K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0360% / S −0.0613%	1h	0.4362	+0.022%	$23K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4378	+0.390%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0465%	1h	0.4366	+0.121%	$52K	$139	10x	as long as short