Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.036%

Price spread now: BingX against GMX+0.043%7-day average — · you sell dearer than you buy

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

Long on GMX Short on BingX

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

The price spread pays, funding is against you. BingX is 0.043% dearer against GMX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TIA/USD [ETH-USDC]	0.4401	L +0.0464% / S −0.3505%	pay 0.0058% / 1h	19m 06s	$36K	—	100x
Short	BingX TIA-USDT	0.4403	0.0100	get 0.0050% / 4h	2h 19m	—	$99.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$76.44
Price spread: +0.043% → 0.000%: $4.32
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.12
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	1.13 bp	9.6 bp −$10	18.9 bp −$189	57.5 bp −$5,752	405.1 bp −$202.5K

GMX: 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 26 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	−0.0082%	1h	0.4402	+0.020%	$50K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0061%	4h	0.4403	+0.043%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4405	+0.090%	$360K	$214K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4402	+0.020%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4402	+0.018%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0008%	4h	0.4398	−0.070%	$4.2M	$8.9M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4409	+0.175%	$156K	$407K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4399	−0.048%	$5K	$318K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4410	+0.200%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4403	+0.038%	$32K	$245K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4406	+0.111%	$14.4M	$42.6M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4401	−0.002%	$9.6M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4403	+0.043%	$989K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4403	+0.043%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4403	+0.043%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDTshort	+0.0100%	4h	0.4403	+0.043%	—	$99.0M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4404	+0.073%	$102K	$160K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4401	−0.009%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4405	+0.089%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4399	−0.046%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4401	+0.009%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4400	−0.018%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0201%	1h	0.4402	+0.025%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.225%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4417	+0.361%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]long	L +0.0464% / S −0.3505%	1h	0.4401	long leg	$36K	—	100x