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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.045%
Price spread now: KuCoin against Hyperliquid−0.155%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$900.897% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.167%+$17 · spread now −0.155%, 7d avg −0.060%
Together, before fees+0.165%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.096% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.43760.0100pay 0.0013% / 1h49m 18s$4.7M$1.4M5x
ShortKuCoin TIAUSDTM0.43690.0100get 0.0050% / 4h2h 49m$4.2M$9.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: −0.155% → −0.060%
−$9.57
Slippage, 4 orders
−$68.73
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$99.3
Costs to cover
0.897%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; KuCoin: live order book, 4 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 ago1.37 bp13.5 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago1.14 bp35.6 bp −$3694.8 bp −$948doesn'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
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4371−0.110%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4371−0.111%$1K150xas long as short
ApeX Omni TIAUSDT+0.0093%1h0.4371−0.110%$50K$228K50xas long as short
Lighter TIA+0.0096%1h0.4377+0.023%$155K$422K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4371−0.110%$5K$265K10xas long as short
Hyperliquid TIAlong+0.0100%1h0.4376long leg$4.7M$1.4M5x
Aster TIAUSDT+0.0100%4h0.4371−0.106%$33K$244K10xas long as short
Binance TIAUSDT+0.0100%4h0.4370−0.140%$13.8M$44.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4369−0.155%$9.8M$13.8M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4365−0.247%$2.8M$6.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4372−0.087%$985K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4371−0.110%$10.7M$6.4M300xas long as short
KuCoin TIAUSDTMshort+0.0100%4h0.4369−0.155%$4.2M$9.4M50x
Bitget TIAUSDT+0.0100%4h0.4369−0.155%$4.5M$3.7M75xas long as short
BingX TIA-USDT+0.0100%4h0.4371−0.110%$103.1Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4371−0.105%$102K$173K10xas long as short
Variational Omni TIA+0.0100%4h0.4372−0.093%$102K$51Kas long as short
HTX TIA-USDT+0.0100%4h0.4374−0.041%$58K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4365−0.240%$55K$212K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4369−0.161%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4369−0.153%$6K15xas long as short
Kraken Futures PF_TIAUSD+0.0192%1h0.4368−0.179%$346K$206K50xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4376+0.005%$25K$11K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4373−0.064%$1.7M$705K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0360% / S −0.0613%1h0.4372−0.096%$24K100xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4378+0.050%$47K$84K50xas long as short
dYdX TIA-USD+0.0409%1h0.4370−0.128%$52K$13910xas long as short