Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: BloFin against Lighter−0.135%90s7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as 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−$550.553% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.309%+$31 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.135%, 7d avg −0.042%

Together, before fees+0.543%+ Points / potential airdropLighter: Season 3 · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.093% cheaper against Lighter than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of −0.042%). If the spread goes back, that is −$9 on $10k: about 30 hours of funding at the current rate (+$7 a day). The two prices were read 90 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	0.4386	0.0096	pay 0.0012% / 1h	57m 46s	$150K	$421K	10x
Short	BloFin TIA-USDT	0.4380	0.0340	get 0.0170% / 4h	57m 46s	$1.7M	$707K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.135%Rate

Funding earned: $51.24
Price spread: −0.135% → −0.042%: −$9.26
Slippage, 4 orders: −$43.27
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.29
Costs to cover: 0.553%
Break-even: 8.8 days

Slippage from Lighter: live order book, 37 min ago; BloFin: live order book, 5 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, 37 min ago	8.16 bp	20.8 bp −$21	97.8 bp −$978	342.9 bp −$34.3K	doesn't fit
Sell BloFin live order book, 5 min ago	2.28 bp	14.1 bp −$14	22.7 bp −$227	62.3 bp −$6,228	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
Backpack TIA_USDC_PERP	−0.0488%	1h	0.4386	+0.011%	$103K	$170K	10x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4385	−0.015%	$348K	$202K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4388	+0.048%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4387	+0.022%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4399	+0.299%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0027%	4h	0.4378	−0.180%	$2.8M	$6.5M	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0044% / S +0.0055%	1h	0.4387	+0.016%	$6K	—	100x	as long as short
dYdX TIA-USD	+0.0067%	1h	0.4382	−0.086%	$52K	$139	10x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4386	long leg	$150K	$421K	10x
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4386	+0.002%	$7K	$242K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4389	+0.059%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4385	−0.015%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4384	−0.032%	$13.8M	$47.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4382	−0.089%	$9.9M	$13.9M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4385	−0.021%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4387	+0.025%	$12.8M	$14.0M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4384	−0.043%	$4.2M	$9.8M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4382	−0.089%	$4.3M	$3.9M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4387	+0.025%	—	$103.9M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4384	−0.038%	$102K	$50K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4387	+0.025%	$50K	$225K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4384	−0.043%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4384	−0.049%	$56K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4385	−0.009%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4379	−0.150%	$6K	—	15x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4380	−0.135%	$1.7M	$707K	75x
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4413	+0.618%	$48K	$87K	50x	as long as short