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% APRpaid last 24h +0.001%
Price spread now: Binance against Lighter−0.186%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$590.591% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.186%, 7d avg −0.047%
Together, before fees+0.181%+ Points / potential airdropLighter: Season 3 · farm board+$18 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: Binance is 0.139% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TIA0.44300.0096pay 0.0012% / 1h47m 51s$156K$417K10x
ShortBinance TIAUSDT0.44220.0100get 0.0050% / 4h3h 47m$14.5M$43.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0.84
Price spread: −0.186% → −0.047%
−$13.94
Slippage, 4 orders
−$49.1
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$72.2
Costs to cover
0.591%
Break-even
608.7 days
Slippage from Lighter: live order book, 62 min ago; Binance: live order book, 9 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 Lighter live order book, 62 min ago2.39 bp23.4 bp −$2395.7 bp −$957343.9 bp −$34.4Kdoesn't fit
Sell Binance live order book, 9 min ago1.13 bp11.2 bp −$1122.8 bp −$228101.3 bp −$10.1Kdoesn'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%1h0.4425−0.111%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4423−0.158%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0093%4h0.4416−0.314%$2.8M$6.3M50xas long as short
Lighter TIAlong+0.0096%1h0.4430long leg$156K$417K10x
Orderly PERP_TIA_USDC+0.0100%4h0.4424−0.133%$5K$239K10xas long as short
Hyperliquid TIA+0.0100%1h0.4426−0.093%$4.7M$1.4M5xas long as short
Aster TIAUSDT+0.0100%4h0.4423−0.156%$34K$241K10xas long as short
Binance TIAUSDTshort+0.0100%4h0.4422−0.186%$14.5M$43.1M75x
Bybit TIAUSDT+0.0100%4h0.4418−0.269%$9.9M$13.4M50xas long as short
Gate TIA_USDT+0.0100%4h0.4423−0.156%$1.0M$1.8M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TIA_USDT+0.0100%4h0.4423−0.156%$11.8M$6.4M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4421−0.201%$4.3M$9.2M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4421−0.201%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4419−0.246%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4424−0.135%$102K$169K10xas long as short
Variational Omni TIA+0.0100%4h0.4440+0.233%$103K$66Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4451+0.476%$50K$230K50xas long as short
HTX TIA-USDT+0.0100%4h0.4427−0.065%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4418−0.273%$56K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4423−0.167%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4421−0.193%$6K15xas long as short
Injective TIA/USDC PERP+0.0271%1h0.4445+0.341%$26K$11K12xas long as short
Kraken Futures PF_TIAUSD+0.0327%1h0.4422−0.182%$361K$193K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4425−0.111%$1.7M$736K75xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4456+0.589%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0495% / S −0.1196%1h0.4422−0.184%$40K100xas long as short
dYdX TIA-USD+0.0524%1h0.4424−0.129%$53K$13910xas long as short