TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.024%

Price spread now: Reya against Lighter−0.222%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.222% cheaper against Lighter than usual: you would sell low and buy high (spread −0.222% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 8.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4426	0.0096	pay 0.0012% / 1h	51m 59s	$157K	$412K	10x
Short	Reya TIARUSDPERP	0.4417	0.0180	get 0.0022% / 1h	51m 59s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.222%Rate

Funding earned: $17.61
Price spread: −0.222% → 0.000%: −$22.18
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$10.57
Costs to cover: 0.060%
Break-even: 11.2 days

Slippage unknown: Lighter: live order book, 3 min ago; Reya: 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, 3 min ago	2.72 bp	15.2 bp −$15	59.4 bp −$594	318.8 bp −$31.9K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 26 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
ApeX Omni TIAUSDT	−0.0520%	1h	0.4400	−0.596%	$50K	$233K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0003%	4h	0.4417	−0.212%	$2.8M	$6.1M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4419	−0.167%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4421	−0.124%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0010%	4h	0.4415	−0.258%	$4.2M	$8.9M	50x	as long as short
Bybit TIAUSDT	+0.0054%	4h	0.4414	−0.280%	$9.5M	$13.3M	50x	as long as short
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4419	−0.162%	$361K	$208K	50x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4426	long leg	$157K	$412K	10x
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4418	−0.190%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4427	+0.018%	$4.7M	$1.6M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4419	−0.156%	$32K	$244K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4419	−0.163%	$14.5M	$42.7M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4420	−0.145%	$994K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4419	−0.167%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4419	−0.167%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4417	−0.212%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4421	−0.111%	$104K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4427	+0.008%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4423	−0.077%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4415	−0.261%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4419	−0.161%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0180%	1h	0.4417	−0.222%	$6K	—	15x
dYdX TIA-USD	+0.0187%	1h	0.4420	−0.140%	$52K	$199	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4430	+0.081%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0488% / S −0.1167%	1h	0.4420	−0.150%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4410	−0.371%	$26K	$10K	12x	as long as short