Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0308%/8h= −33.8% APRpaid last 24h −0.053%

Price spread now: Deribit against MEXC+0.092%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

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—needs both histories

The price spread pays, funding is against you. Deribit is 0.092% dearer against MEXC than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TIA_USDT	0.4357	0.0100	pay 0.0050% / 4h	2h 46m	$10.7M	$6.4M	300x
Short	Deribit TIA_USDC-PERPETUAL	0.4361	−0.0208	pay 0.0026% / 1h	46m 38s	$30K	$25K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$64.76
Price spread: +0.092% → 0.000%: $9.18
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$62.58
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.15 bp	3.3 bp −$3	13.9 bp −$139	66.8 bp −$6,682	122.7 bp −$61.4K
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
Deribit TIA_USDC-PERPETUALshort	−0.0208%	1h	0.4361	+0.092%	$30K	$25K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4363	+0.134%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0093%	1h	0.4371	+0.321%	$50K	$228K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4365	+0.186%	$155K	$422K	10x	as long as short
OKX TIA-USDT-SWAP	+0.0097%	4h	0.4354	−0.069%	$2.7M	$6.3M	50x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4360	+0.069%	$6K	$266K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4364	+0.165%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4360	+0.070%	$33K	$244K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4359	+0.046%	$13.7M	$44.0M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4357	0.000%	$9.8M	$13.8M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4362	+0.115%	$983K	$1.8M	75x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4357	long leg	$10.7M	$6.4M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4357	0.000%	$4.2M	$9.4M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4360	+0.069%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4356	−0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4361	+0.096%	$102K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4372	+0.338%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4364	+0.161%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4355	−0.050%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4360	+0.063%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4360	+0.060%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSD	+0.0192%	1h	0.4365	+0.174%	$346K	$206K	50x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4368	+0.252%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4363	+0.138%	$1.7M	$703K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0360% / S −0.0613%	1h	0.4362	+0.114%	$23K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4378	+0.482%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0490%	1h	0.4360	+0.075%	$52K	$139	10x	as long as short