Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h −0.016%

Price spread now: KuCoin against gTrade (Gains Network)−0.086%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 KuCoin

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. KuCoin is 0.086% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.6 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	0.4436	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	10m 56s	$1K	—	150x
Short	KuCoin TIAUSDTM	0.4432	0.0082	get 0.0041% / 4h	10m 56s	$4.3M	$9.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $16.71
Price spread: −0.086% → 0.000%: −$8.57
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.86
Costs to cover: 0.220%
Break-even: 12.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	2.26 bp	30.2 bp −$30	94.5 bp −$945	doesn't fit	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
ApeX Omni TIAUSDT	−0.0050%	1h	0.4417	−0.424%	$50K	$230K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4433	−0.063%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4436	long leg	$1K	—	150x
Variational Omni TIA	+0.0067%	4h	0.4434	−0.037%	$103K	$66K	—	as long as short
KuCoin TIAUSDTMshort	+0.0082%	4h	0.4432	−0.086%	$4.3M	$9.2M	50x
Lighter TIA	+0.0096%	1h	0.4438	+0.045%	$157K	$420K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4431	−0.108%	$5K	$262K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4439	+0.068%	$4.8M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4432	−0.080%	$33K	$248K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4429	−0.143%	$14.5M	$43.1M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	+0.0100%	4h	0.4428	−0.176%	$9.8M	$13.6M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4426	−0.221%	$2.8M	$6.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4435	−0.018%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4429	−0.153%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4427	−0.198%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4429	−0.153%	—	$101.7M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4433	−0.059%	$102K	$166K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4435	−0.018%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4425	−0.238%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4431	−0.108%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0164%	1h	0.4435	−0.024%	$362K	$194K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4433	−0.062%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4433	−0.063%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4438	+0.050%	$1.6M	$740K	75x	as long as short
dYdX TIA-USD	+0.0353%	1h	0.4437	+0.032%	$53K	$139	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4449	+0.298%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0496% / S −0.1196%	1h	0.4436	+0.014%	$41K	—	100x	as long as short