Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.020%

Price spread now: ApeX Omni against KuCoin−0.292%97s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$820.818% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+1.219%+$122 · spread now −0.292%, 7d avg +0.030%

Together, before fees+1.249%+$125 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.322% cheaper against KuCoin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4451	0.0100	pay 0.0050% / 4h	5m 45s	$4.3M	$10.0M	50x
Short	ApeX Omni TIAUSDT	0.4438	−0.0056	pay 0.0007% / 1h	5m 45s	$51K	$224K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.292%Rate

Funding earned: −$32.81
Price spread: −0.292% → +0.030%: −$32.23
Slippage, 4 orders: −$59.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$146.88
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 30 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 KuCoin live order book, 3 min ago	3.37 bp	20.5 bp −$21	80.6 bp −$806	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 30 min ago	9.05 bp	18.2 bp −$18	118.0 bp −$1,180	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 −0.1366% / S +0.0093%	1h	0.4448	−0.058%	$5K	—	100x	as long as short
ApeX Omni TIAUSDTshort	−0.0056%	1h	0.4438	−0.292%	$51K	$224K	50x
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4447	−0.091%	$348K	$208K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4450	−0.022%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4449	−0.044%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4449	−0.045%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0039%	4h	0.4447	−0.090%	$2.8M	$6.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4452	+0.016%	$156K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4448	−0.067%	$7K	$229K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4458	+0.153%	$4.8M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4451	−0.003%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4453	+0.045%	$14.1M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4451	0.000%	$10.2M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4451	0.000%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4452	+0.022%	$12.3M	$14.2M	300x	as long as short
KuCoin TIAUSDTMlong	+0.0100%	4h	0.4451	long leg	$4.3M	$10.0M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4448	−0.067%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4450	−0.022%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4448	−0.061%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4446	−0.103%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4448	−0.067%	$60K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4448	−0.069%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4448	−0.067%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4445	−0.136%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0235%	1h	0.4450	−0.014%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4448	−0.067%	$1.7M	$718K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4459	+0.180%	$52K	$104K	50x	as long as short