Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.029%

Price spread now: MEXC against gTrade (Gains Network)−1.729%389s7-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 MEXC

What this pair did over the last

the charts below follow

Funding, last 4 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 1.729% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −1.729% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$173 on $10k: about 59 days of funding at the current rate (+$3 a day). The two prices were read 389 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	0.4497	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	53m 53s	$1K	—	150x
Short	MEXC TIA_USDT	0.4419	0.0100	get 0.0050% / 4h	2h 53m	$10.4M	$14.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.729%Rate

Funding earned: $20.49
Price spread: −1.729% → 0.000%: −$172.88
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$162.39
Costs to cover: 0.100%
Break-even: 62.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	1.12 bp	4.6 bp −$5	11.6 bp −$116	73.4 bp −$7,343	136.0 bp −$68.0K

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
GMX TIA/USD [ETH-USDC]	L −0.4153% / S +0.0187%	1h	0.4427	−1.549%	$5K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0169%	1h	0.4412	−1.884%	$348K	$201K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4419	−1.729%	$31K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4497	long leg	$1K	—	150x
dYdX TIA-USD	+0.0011%	1h	0.4414	−1.837%	$52K	$139	10x	as long as short
Backpack TIA_USDC_PERP	+0.0037%	1h	0.4421	−1.693%	$103K	$177K	10x	as long as short
Injective TIA/USDC PERP	+0.0079%	1h	0.4429	−1.506%	$79K	$158K	12x	as long as short
Lighter TIA	+0.0096%	1h	0.4425	−1.589%	$191K	$437K	10x	as long as short
OKX TIA-USDT-SWAP	+0.0097%	4h	0.4402	−2.107%	$2.8M	$6.9M	50x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4418	−1.751%	$7K	$205K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4426	−1.569%	$4.8M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4412	−1.884%	$32K	$248K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4411	−1.905%	$14.2M	$49.8M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4402	−2.107%	$9.8M	$14.9M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4417	−1.773%	$1.0M	$1.7M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4419	−1.729%	$10.4M	$14.4M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4415	−1.818%	$4.3M	$10.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4398	−2.196%	$4.4M	$4.2M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4406	−2.018%	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4459	−0.847%	$136K	$79K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4470	−0.595%	$51K	$224K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4414	−1.840%	$59K	$77K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4413	−1.858%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4417	−1.768%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4411	−1.897%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4422	−1.662%	$1.6M	$765K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4521	+0.540%	$54K	$99K	50x	as long as short