Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.023%

Price spread now: Bybit against gTrade (Gains Network)−0.138%7-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 Bybit

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. Bybit is 0.138% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 7.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4375	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	3m 02s	$1K	—	150x
Short	Bybit TIAUSDT	0.4369	0.0067	get 0.0034% / 4h	3h 03m	$9.6M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.138%Rate

Funding earned: $13.6
Price spread: −0.138% → 0.000%: −$13.78
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.19
Costs to cover: 0.210%
Break-even: 17.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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 Bybit live order book, 5 min ago	2.28 bp	13.7 bp −$14	30.0 bp −$300	207.9 bp −$20.8K	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
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4377	+0.034%	$360K	$225K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0138%	4h	0.4370	−0.115%	$2.8M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0030%	4h	0.4371	−0.092%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4375	−0.001%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4375	long leg	$1K	—	150x
Bybit TIAUSDTshort	+0.0067%	4h	0.4369	−0.138%	$9.6M	$12.9M	50x
Lighter TIA	+0.0096%	1h	0.4378	+0.061%	$139K	$360K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4374	−0.024%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4377	+0.040%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4377	+0.053%	$34K	$240K	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	0.4374	−0.024%	$14.6M	$41.3M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4372	−0.069%	$982K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4373	−0.046%	$12.8M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4375	−0.001%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4370	−0.115%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4371	−0.092%	$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	+0.342%	$49K	$232K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4376	+0.022%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4373	−0.057%	$54K	$184K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4374	−0.013%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4403	+0.639%	$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	+0.068%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4377	+0.045%	$1.3M	$600K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0461% / S −0.3505%	1h	0.4376	+0.015%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0826%	1h	0.4376	+0.027%	$52K	$199	10x	as long as short