Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.097%

Price spread now: Gate against GMX−0.065%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 Gate

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. Gate is 0.065% cheaper against GMX than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.1 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	GMX TIA/USD [ETH-USDC]	0.4390	L +0.0048% / S +0.0055%	pay 0.0006% / 1h	0m 07s	$6K	—	100x
Short	Gate TIA_USDT	0.4387	0.0100	get 0.0050% / 4h	1h 00m	$1.0M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: $10.99
Price spread: −0.065% → 0.000%: −$6.47
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.48
Costs to cover: 0.270%
Break-even: 21.3 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	2.28 bp	23.1 bp −$23	64.3 bp −$643	doesn't fit	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 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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4390	+0.004%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4390	+0.002%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0033%	4h	0.4384	−0.133%	$2.8M	$6.5M	50x	as long as short
GMX TIA/USD [ETH-USDC]long	L +0.0048% / S +0.0055%	1h	0.4390	long leg	$6K	—	100x
Lighter TIA	+0.0096%	1h	0.4392	+0.045%	$150K	$426K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4388	−0.042%	$7K	$242K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4393	+0.077%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4386	−0.086%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4389	−0.021%	$13.8M	$47.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4387	−0.065%	$9.9M	$13.9M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDTshort	+0.0100%	4h	0.4387	−0.065%	$1.0M	$1.9M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4389	−0.019%	$12.8M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4384	−0.133%	$4.2M	$9.8M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4387	−0.065%	$4.4M	$3.8M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4387	−0.065%	—	$104.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4390	−0.008%	$103K	$170K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4384	−0.128%	$102K	$50K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4392	+0.049%	$50K	$225K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4396	+0.140%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4386	−0.086%	$56K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4388	−0.042%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0145%	1h	0.4389	−0.028%	$348K	$202K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4399	+0.209%	$24K	$12K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4386	−0.080%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4389	−0.019%	$1.7M	$708K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4413	+0.528%	$48K	$87K	50x	as long as short
dYdX TIA-USD	+0.0439%	1h	0.4388	−0.037%	$52K	$139	10x	as long as short