Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.101%

Price spread now: BloFin against gTrade (Gains Network)−0.096%50s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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. BloFin is 0.096% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$10 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4374	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	47m 49s	$1K	—	150x
Short	BloFin TIA-USDT	0.4370	0.0340	get 0.0170% / 4h	3h 47m	$1.2M	$577K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.096%Rate

Funding earned: $70.89
Price spread: −0.096% → 0.000%: −$9.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $39.26
Costs to cover: 0.220%
Break-even: 3.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	2.29 bp	8.9 bp −$9	18.5 bp −$185	54.5 bp −$5,450	doesn't fit

gTrade (Gains Network): 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
OKX TIA-USDT-SWAP	−0.0190%	4h	0.4372	−0.051%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4375	+0.021%	$360K	$247K	50x	as long as short
Bybit TIAUSDT	−0.0093%	4h	0.4373	−0.028%	$9.6M	$13.1M	50x	as long as short
ApeX Omni TIAUSDT	−0.0052%	1h	0.4367	−0.165%	$49K	$235K	50x	as long as short
KuCoin TIAUSDTM	−0.0048%	4h	0.4372	−0.051%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4373	−0.028%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4374	long leg	$1K	—	150x
Lighter TIA	+0.0096%	1h	0.4379	+0.105%	$139K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4373	−0.028%	$5K	$364K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4381	+0.146%	$4.5M	$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	0.4374	+0.004%	$34K	$262K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4378	+0.087%	$14.6M	$41.7M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4378	+0.087%	$982K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4377	+0.064%	$13.3M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4375	+0.018%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4375	+0.018%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4375	+0.027%	$104K	$154K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4365	−0.215%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4378	+0.087%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4374	−0.002%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4373	−0.028%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4373	−0.028%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4370	−0.087%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.338%	$51K	$77K	50x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4370	−0.096%	$1.2M	$577K	75x
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4373	−0.024%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0734%	1h	0.4376	+0.041%	$52K	$59	10x	as long as short