TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.026%

Price spread now: ApeX Omni against Lighter−0.061%48s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as 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−$650.653% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.553%+$55 · spread now −0.061%, 7d avg −0.040%

Together, before fees+0.592%+ Points / potential airdropLighter: Season 3 · farm board+$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.021% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.040%). Swap the legs. The two prices were read 48 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	Lighter TIA	0.4399	0.0096	pay 0.0012% / 1h	2m 30s	$155K	$417K	10x
Short	ApeX Omni TIAUSDT	0.4396	0.0064	get 0.0008% / 1h	2m 30s	$49K	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.061%Rate

Funding earned: −$6.74
Price spread: −0.061% → −0.040%: −$2.09
Slippage, 4 orders: −$55.33
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$74.15
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from Lighter: live order book, 52 min ago; ApeX Omni: live order book, 59 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 Lighter live order book, 52 min ago	2.72 bp	15.2 bp −$15	59.4 bp −$594	318.8 bp −$31.9K	doesn't fit
Sell ApeX Omni live order book, 59 min ago	6.80 bp	14.7 bp −$15	109.2 bp −$1,092	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
Bybit TIAUSDT	−0.0135%	4h	0.4387	−0.266%	$9.6M	$13.5M	50x	as long as short
Variational Omni TIA	−0.0057%	4h	0.4393	−0.138%	$103K	$85K	—	as long as short
KuCoin TIAUSDTM	−0.0032%	4h	0.4393	−0.130%	$4.2M	$9.0M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4393	−0.130%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4394	−0.107%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTshort	+0.0064%	1h	0.4396	−0.061%	$49K	$231K	50x
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4393	−0.131%	$359K	$199K	50x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4399	long leg	$155K	$417K	10x
Hyperliquid TIA	+0.0100%	1h	0.4400	+0.027%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4397	−0.040%	$32K	$245K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4392	−0.160%	$14.4M	$42.9M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4385	−0.311%	$2.8M	$6.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4396	−0.061%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4395	−0.084%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4390	−0.198%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4394	−0.107%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4393	−0.120%	$101K	$153K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4391	−0.175%	$5K	$288K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4393	−0.130%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4390	−0.189%	$55K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4392	−0.152%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4386	−0.282%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0191%	1h	0.4394	−0.107%	$52K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4388	−0.243%	$1.5M	$719K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4418	+0.439%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1196%	1h	0.4394	−0.117%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4415	+0.371%	$26K	$10K	12x	as long as short