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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Hyperliquid+0.027%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$630.626% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.027%, 7d avg −0.024%
Together, before fees−0.087%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$9 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: Lighter is 0.051% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.44090.0100pay 0.0013% / 1h27m 03s$4.7M$1.4M5x
ShortLighter TIA0.44100.0096get 0.0012% / 1h27m 03s$156K$419K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.027% → −0.024%
$5.1
Slippage, 4 orders
−$53.57
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$58.31
Costs to cover
0.626%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Lighter: live order book, 18 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, 5 min ago1.69 bp18.2 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 18 min ago2.37 bp16.8 bp −$1788.6 bp −$886322.5 bp −$32.3Kdoesn'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%1h0.4403−0.127%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4404−0.104%$1K150xas long as short
ApeX Omni TIAUSDT+0.0072%1h0.4429+0.463%$50K$230K50xas long as short
Lighter TIAshort+0.0096%1h0.4410+0.027%$156K$419K10x
Orderly PERP_TIA_USDC+0.0100%4h0.4404−0.104%$6K$244K10xas long as short
Hyperliquid TIAlong+0.0100%1h0.4409long leg$4.7M$1.4M5x
Aster TIAUSDT+0.0100%4h0.4405−0.075%$33K$240K10xas long as short
Binance TIAUSDT+0.0100%4h0.4403−0.127%$14.3M$43.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4401−0.172%$9.9M$13.5M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4400−0.195%$2.8M$6.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4405−0.082%$1.0M$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4404−0.104%$11.4M$6.5M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4402−0.150%$4.2M$9.2M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4402−0.150%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4404−0.104%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4404−0.104%$102K$168K10xas long as short
Variational Omni TIA+0.0100%4h0.4430+0.491%$103K$61Kas long as short
HTX TIA-USDT+0.0100%4h0.4409+0.009%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4399−0.213%$56K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4401−0.161%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4403−0.133%$6K15xas long as short
Injective TIA/USDC PERP+0.0271%1h0.4413+0.100%$26K$11K12xas long as short
Kraken Futures PF_TIAUSD+0.0328%1h0.4406−0.049%$360K$193K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4412+0.077%$1.7M$734K75xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4432+0.531%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0495% / S −0.1196%1h0.4404−0.109%$40K100xas long as short
dYdX TIA-USD+0.0549%1h0.4406−0.056%$52K$13910xas long as short