Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.6822%/8h= +747.0% APRpaid last 24h +0.067%

Price spread now: Bybit against GMX−0.127%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Bybit

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. Bybit is 0.127% cheaper against GMX than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 1 hour of funding at the current rate (+$205 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TIA/USD [ETH-USDC]	0.4356	L −0.6754% / S +0.0274%	get 0.0844% / 1h	6m 44s	$5K	—	100x
Short	Bybit TIAUSDT	0.4350	0.0068	get 0.0034% / 4h	1h 06m	$9.6M	$15.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.127%Rate

Funding earned: $1,432.63
Price spread: −0.127% → 0.000%: −$12.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1,396.98
Costs to cover: 0.230%
Break-even: 0.2 days

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.15 bp	10.3 bp −$10	27.8 bp −$278	141.4 bp −$14.1K	doesn't fit

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 27 exchanges

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]long	L −0.6754% / S +0.0274%	1h	0.4356	long leg	$5K	—	100x
Injective TIA/USDC PERP	−0.0275%	1h	0.4374	+0.425%	$83K	$165K	12x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4355	−0.012%	$32K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4351	−0.112%	$1K	—	150x	as long as short
Bybit TIAUSDTshort	+0.0068%	4h	0.4350	−0.127%	$9.6M	$15.0M	50x
Kraken Futures PF_TIAUSD	+0.0083%	1h	0.4353	−0.066%	$352K	$253K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4357	+0.034%	$156K	$483K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4353	−0.058%	$6K	$173K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4361	+0.121%	$4.6M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4353	−0.059%	$24K	$276K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4352	−0.069%	$13.9M	$52.3M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4349	−0.149%	$2.7M	$6.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4355	−0.012%	$983K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4355	−0.012%	$10.3M	$18.6M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4353	−0.058%	$4.1M	$10.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4349	−0.149%	$4.3M	$4.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4354	−0.035%	—	$14.6M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4355	−0.009%	$101K	$184K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4338	−0.392%	$101K	$96K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4346	−0.218%	$50K	$221K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4354	−0.035%	$58K	$79K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4350	−0.136%	$55K	$209K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4354	−0.045%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0146%	1h	0.4357	+0.031%	$52K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0183%	1h	0.4349	−0.140%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4351	−0.104%	$1.4M	$824K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4357	+0.034%	$52K	$108K	50x	as long as short