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+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter−0.096%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$710.714% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.096%, 7d avg −0.134%
Together, before fees−0.084%+ Points / potential airdropLighter: Season 3 · farm board−$8 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: Bitget is 0.039% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TIA0.43870.0096pay 0.0012% / 1h27m 41s$140K$359K10x
ShortBitget TIAUSDT0.43830.0100get 0.0050% / 4h3h 27m$4.5M$3.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.096% → −0.134%
$3.86
Slippage, 4 orders
−$59.39
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$66.68
Costs to cover
0.714%
Break-even
562.7 days
Slippage from Lighter: live order book, 37 min ago; Bitget: live order book, 5 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, 37 min ago1.94 bp21.0 bp −$2172.5 bp −$725305.1 bp −$30.5Kdoesn't fit
Sell Bitget live order book, 5 min ago2.29 bp17.6 bp −$1842.0 bp −$420doesn't fitdoesn'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−0.0165%4h0.4379−0.187%$2.8M$5.9M50xas long as short
Kraken Futures PF_TIAUSD−0.0153%1h0.4384−0.084%$360K$226K50xas long as short
KuCoin TIAUSDTM−0.0028%4h0.4378−0.210%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4384−0.073%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4382−0.115%$1K150xas long as short
Lighter TIAlong+0.0096%1h0.4387long leg$140K$359K10x
ApeX Omni TIAUSDT+0.0098%1h0.4376−0.255%$49K$235K50xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4382−0.119%$5K$362K10xas long as short
Hyperliquid TIA+0.0100%1h0.4387−0.005%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4384−0.073%$34K$249K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4381−0.135%$14.6M$41.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4379−0.187%$9.6M$12.8M50xas long as short
Gate TIA_USDT+0.0100%4h0.4382−0.119%$986K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4381−0.141%$13.2M$6.7M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4383−0.096%$4.5M$3.2M75x
BingX TIA-USDT+0.0100%4h0.4381−0.141%$98.9Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4382−0.121%$101K$153K10xas long as short
Variational Omni TIA+0.0100%4h0.4378−0.214%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4381−0.141%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4379−0.180%$54K$173K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4383−0.096%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4383−0.096%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4379−0.178%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4389+0.041%$51K$75K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4377−0.232%$1.2M$578K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0460% / S −0.3505%1h0.4382−0.121%$36K100xas long as short
dYdX TIA-USD+0.1014%1h0.4382−0.119%$52K$5910xas long as short