Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.061%
Price spread now: Deribit against Lighter−0.062%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.062% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TIA | 0.4378 | 0.0096 | pay 0.0012% / 1h | 2m 58s | $139K | $360K | 10x |
| Short | Deribit TIA_USDC-PERPETUAL | 0.4375 | 0 | get 0.0000% / 1h | 2m 58s | $30K | $27K | 25x |
Lighter TIA
Deribit TIA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.16
- Price spread: −0.062% → 0.000%
- −$6.17
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$33.33
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 62 min ago; Deribit: no order-book sample. Net counts fees only.
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, 62 min ago | 1.94 bp | 21.0 bp −$21 | 72.5 bp −$725 | 305.1 bp −$30.5K | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TIAUSD | −0.0153% | 1h | 0.4377 | −0.027% | $360K | $225K | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0138% | 4h | 0.4370 | −0.176% | $2.8M | $5.9M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0030% | 4h | 0.4371 | −0.153% | $4.2M | $8.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALshort | 0.0000% | 1h | 0.4375 | −0.062% | $30K | $27K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4375 | −0.061% | $1K | — | 150x | as long as short |
| Bybit TIAUSDT | +0.0067% | 4h | 0.4369 | −0.199% | $9.6M | $12.9M | 50x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4378 | long leg | $139K | $360K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4374 | −0.085% | $5K | $363K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4377 | −0.021% | $4.5M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4377 | −0.008% | $34K | $240K | 10x | as long as short |
Kraken Futures PF_TIAUSD
OKX TIA-USDT-SWAP
KuCoin TIAUSDTM
gTrade (Gains Network) TIA/USD
Bybit TIAUSDT
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4374 | −0.085% | $14.6M | $41.3M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4372 | −0.130% | $982K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4373 | −0.107% | $12.8M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4375 | −0.062% | $4.5M | $3.2M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4370 | −0.176% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4371 | −0.153% | $103K | $155K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4386 | +0.182% | $103K | $84K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4390 | +0.281% | $49K | $232K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4376 | −0.039% | $58K | $68K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4373 | −0.118% | $54K | $184K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4374 | −0.074% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0117% | 1h | 0.4403 | +0.578% | $27K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4372 | −0.134% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0256% | 1h | 0.4378 | +0.007% | $51K | $75K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4377 | −0.016% | $1.3M | $600K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0461% / S −0.3505% | 1h | 0.4376 | −0.046% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0826% | 1h | 0.4376 | −0.034% | $52K | $199 | 10x | as long as short |
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD