TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against Hyperliquid+0.102%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1031.031% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.525%−$52 on $10k

Price spread, last 4 days (all we have)+0.557%+$56 · spread now +0.102%, 7d avg +0.048%

Together, before fees+0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.054% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.525%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TIA	0.4492	0.0100	pay 0.0013% / 1h	47m 37s	$4.9M	$1.5M	5x
Short	Coinbase International TIA-PERP-INTX	0.4497	0.0416	get 0.0052% / 1h	47m 37s	$52K	$105K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +0.102%Rate

Funding earned: $66.36
Price spread: +0.102% → +0.048%: $5.41
Slippage, 4 orders: −$84.09
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.33
Costs to cover: 1.031%
Break-even: 10.3 days

Slippage from Hyperliquid: live order book, 4 min ago; Coinbase International: live order book, 41 min ago.

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 Hyperliquid live order book, 4 min ago	0.11 bp	17.0 bp −$17	34.2 bp −$342	doesn't fit	doesn't fit
Sell Coinbase International live order book, 41 min ago	19.18 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit

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 −0.2013% / S +0.0115%	1h	0.4479	−0.303%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0112%	1h	0.4477	−0.348%	$354K	$224K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4480	−0.276%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4478	−0.320%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0039%	4h	0.4483	−0.209%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4496	+0.080%	$24K	$12K	12x	as long as short
dYdX TIA-USD	+0.0077%	1h	0.4488	−0.098%	$53K	$139	10x	as long as short
Lighter TIA	+0.0096%	1h	0.4495	+0.047%	$195K	$468K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4479	−0.298%	$7K	$225K	10x	as long as short
Hyperliquid TIAlong	+0.0100%	1h	0.4492	long leg	$4.9M	$1.5M	5x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4487	−0.126%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4488	−0.102%	$14.3M	$49.0M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4486	−0.142%	$10.2M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4489	−0.076%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4488	−0.098%	$12.0M	$14.3M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4486	−0.142%	$4.3M	$10.1M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4484	−0.187%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4486	−0.142%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4480	−0.274%	$103K	$175K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4491	−0.037%	$137K	$79K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4475	−0.387%	$51K	$224K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4478	−0.321%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4483	−0.202%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4479	−0.305%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4473	−0.429%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4476	−0.365%	$1.7M	$783K	75x	as long as short
Coinbase International TIA-PERP-INTXshort	+0.0416%	1h	0.4497	+0.102%	$52K	$105K	50x