Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.027%
Price spread now: OKX against Lighter−0.311%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$670.668% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.311%, 7d avg −0.102%
Together, before fees+0.196%+ Points / potential airdropLighter: Season 3 · farm board+$20 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: OKX is 0.209% cheaper against Lighter than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.102%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TIA0.43990.0096pay 0.0012% / 1h2m 26s$155K$417K10x
ShortOKX TIA-USDT-SWAP0.43850.0100get 0.0050% / 4h1h 02m$2.8M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.311% → −0.102%
−$20.92
Slippage, 4 orders
−$56.81
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$86.89
Costs to cover
0.668%
Break-even
731.1 days
Slippage from Lighter: live order book, 52 min ago; OKX: 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, 52 min ago2.72 bp15.2 bp −$1559.4 bp −$594318.8 bp −$31.9Kdoesn't fit
Sell OKX live order book, 5 min ago1.13 bp15.9 bp −$1652.5 bp −$525doesn'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
Bybit TIAUSDT−0.0135%4h0.4387−0.266%$9.6M$13.5M50xas long as short
Variational Omni TIA−0.0057%4h0.4393−0.138%$103K$85Kas long as short
KuCoin TIAUSDTM−0.0032%4h0.4389−0.221%$4.2M$9.0M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4391−0.175%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4393−0.132%$1K150xas long as short
ApeX Omni TIAUSDT+0.0064%1h0.4396−0.061%$49K$231K50xas long as short
Kraken Futures PF_TIAUSD+0.0075%1h0.4393−0.131%$359K$199K50xas long as short
Lighter TIAlong+0.0096%1h0.4399long leg$155K$417K10x
Hyperliquid TIA+0.0100%1h0.4397−0.048%$4.7M$1.6M5xas long as short
Aster TIAUSDT+0.0100%4h0.4396−0.053%$32K$245K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4391−0.173%$14.4M$42.9M75xas long as short
OKX TIA-USDT-SWAPshort+0.0100%4h0.4385−0.311%$2.8M$6.1M50x
Gate TIA_USDT+0.0100%4h0.4393−0.130%$999K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4391−0.175%$11.9M$6.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4390−0.198%$4.5M$3.4M75xas long as short
BingX TIA-USDC+0.0100%4h0.4388−0.243%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4393−0.120%$101K$153K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4389−0.221%$5K$287K10xas long as short
HTX TIA-USDT+0.0100%4h0.4393−0.130%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4390−0.189%$55K$213K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4389−0.221%$7K3xas long as short
Reya TIARUSDPERP+0.0180%1h0.4386−0.282%$6K15xas long as short
dYdX TIA-USD+0.0191%1h0.4394−0.107%$52K$19910xas long as short
BloFin TIA-USDT+0.0340%4h0.4388−0.243%$1.5M$719K75xas long as short
Coinbase International TIA-PERP-INTX+0.0376%1h0.4418+0.439%$52K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0493% / S −0.1196%1h0.4392−0.151%$40K100xas long as short
Injective TIA/USDC PERP+0.0496%1h0.4415+0.371%$26K$10K12xas long as short