Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.1% APRnext payment $0.16 per $10,000 · paid last 24h −0.028%
Price spread now: ApeX Omni against Hyperliquid−0.257%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$640.635% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 4 days (all we have)+0.505%+$51 · spread now −0.257%, 7d avg −0.066%
Together, before fees+0.541%+ Points / potential airdropHyperliquid: Season 2 · farm board+$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.192% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.44290.0100pay 0.0013% / 1h19m 34s$4.8M$1.5M5x
ShortApeX Omni TIAUSDT0.4418−0.0029pay 0.0004% / 1h19m 34s$50K$230K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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

Funding earned
−$27
Price spread: −0.257% → −0.066%
−$19.15
Slippage, 4 orders
−$44.51
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$109.66
Costs to cover
0.635%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; ApeX Omni: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago0.11 bp18.8 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 37 min ago7.94 bp17.9 bp −$18123.8 bp −$1,238doesn't fitdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni TIAUSDTshort−0.0029%1h0.4418−0.257%$50K$230K50x
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4421−0.190%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4420−0.216%$1K150xas long as short
Variational Omni TIA+0.0017%4h0.4418−0.253%$103K$66Kas long as short
Bybit TIAUSDT+0.0059%4h0.4422−0.167%$9.8M$13.5M50xas long as short
KuCoin TIAUSDTM+0.0060%4h0.4418−0.257%$4.2M$9.1M50xas long as short
Lighter TIA+0.0096%1h0.4426−0.070%$156K$419K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4419−0.235%$5K$273K10xas long as short
Hyperliquid TIAlong+0.0100%1h0.4429long leg$4.8M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4419−0.239%$33K$248K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4424−0.131%$14.5M$43.1M75xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4419−0.235%$2.8M$6.3M50xas long as short
Gate TIA_USDT+0.0100%4h0.4422−0.167%$1.0M$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4420−0.212%$11.9M$6.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4424−0.122%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4421−0.190%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4420−0.214%$102K$167K10xas long as short
HTX TIA-USDT+0.0100%4h0.4421−0.190%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4419−0.244%$56K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4420−0.224%$7K3xas long as short
Kraken Futures PF_TIAUSD+0.0164%1h0.4423−0.136%$361K$194K50xas long as short
Reya TIARUSDPERP+0.0180%1h0.4420−0.211%$6K15xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4431+0.036%$26K$10K12xas long as short
dYdX TIA-USD+0.0313%1h0.4423−0.142%$53K$19910xas long as short
BloFin TIA-USDT+0.0340%4h0.4424−0.122%$1.6M$747K75xas long as short
Coinbase International TIA-PERP-INTX+0.0384%1h0.4452+0.510%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0495% / S −0.1196%1h0.4420−0.222%$40K100xas long as short