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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.044%
Price spread now: Lighter against KuCoin+0.130%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$880.880% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%$0 on $10k
Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.130%, 7d avg +0.077%
Together, before fees+0.049%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.053% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TIAUSDTM0.4393−0.0026get 0.0013% / 4h3h 22m$4.2M$8.8M50x
ShortLighter TIA0.43990.0096get 0.0012% / 1h22m 20s$140K$359K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$25.62
Price spread: +0.130% → +0.077%
$5.32
Slippage, 4 orders
−$76.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$57.07
Costs to cover
0.880%
Break-even
22.6 days
Slippage from KuCoin: live order book, 1 min ago; Lighter: live order book, 42 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 KuCoin live order book, 1 min ago2.28 bp28.2 bp −$2895.9 bp −$959doesn't fitdoesn't fit
Sell Lighter live order book, 42 min ago1.94 bp16.2 bp −$1691.4 bp −$914333.2 bp −$33.3Kdoesn'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
OKX TIA-USDT-SWAP−0.0152%4h0.4388−0.114%$2.8M$5.9M50xas long as short
Kraken Futures PF_TIAUSD−0.0152%1h0.4395+0.043%$361K$225K50xas long as short
KuCoin TIAUSDTMlong−0.0026%4h0.4393long leg$4.2M$8.8M50x
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4394+0.023%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4395+0.046%$1K150xas long as short
Lighter TIAshort+0.0096%1h0.4399+0.130%$140K$359K10x
Orderly PERP_TIA_USDC+0.0099%4h0.4395+0.046%$5K$362K10xas long as short
Hyperliquid TIA+0.0100%1h0.4399+0.143%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4395+0.036%$34K$249K10xas long as short
Binance TIAUSDT+0.0100%4h0.4393+0.004%$14.6M$41.0M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT+0.0100%4h0.4388−0.114%$9.6M$12.8M50xas long as short
Gate TIA_USDT+0.0100%4h0.4394+0.023%$988K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4395+0.046%$13.3M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.43930.000%$4.5M$3.1M75xas long as short
BingX TIA-USDT+0.0100%4h0.43930.000%$98.9Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4395+0.043%$101K$154K10xas long as short
Variational Omni TIA+0.0100%4h0.4386−0.164%$102K$84Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4381−0.273%$49K$235K50xas long as short
HTX TIA-USDT+0.0100%4h0.4397+0.091%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4389−0.085%$55K$173K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4393−0.005%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4403+0.228%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4390−0.059%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4405+0.273%$51K$76K50xas long as short
BloFin TIA-USDT+0.0340%4h0.43930.000%$1.3M$584K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0461% / S −0.3505%1h0.4395+0.056%$36K100xas long as short
dYdX TIA-USD+0.1022%1h0.4396+0.068%$52K$5910xas long as short