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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0246%/8h= +26.9% APRnext payment +$1.23 per $10,000 · paid last 24h +0.012%
Price spread now: Bitget against OKX+0.023%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$590.588% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.023%, 7d avg −0.014%
Together, before fees+0.067%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TIA-USDT-SWAP0.4336−0.0146get 0.0073% / 4h1h 07m$2.8M$5.9M50x
ShortBitget TIAUSDT0.43370.0100get 0.0050% / 4h1h 07m$4.5M$3.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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
$51.66
Price spread: +0.023% → −0.014%
$3.75
Slippage, 4 orders
−$36.78
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$3.37
Costs to cover
0.588%
Break-even
7.5 days
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 6 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 OKX live order book, 5 min ago1.15 bp12.3 bp −$1249.6 bp −$496doesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago3.46 bp15.8 bp −$1633.1 bp −$331doesn'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
Kraken Futures PF_TIAUSD−0.0228%1h0.4337+0.032%$354K$241K50xas long as short
OKX TIA-USDT-SWAPlong−0.0146%4h0.4336long leg$2.8M$5.9M50x
KuCoin TIAUSDTM−0.0044%4h0.4334−0.046%$4.2M$8.6M50xas long as short
Gate TIA_USDT−0.0028%4h0.4338+0.046%$996K$1.8M75xas long as short
ApeX Omni TIAUSDT−0.0020%1h0.4335−0.023%$49K$236K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.43360.000%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4341+0.118%$1K150xas long as short
Bybit TIAUSDT+0.0091%4h0.43360.000%$9.5M$13.2M50xas long as short
Lighter TIA+0.0096%1h0.4340+0.101%$128K$351K10xas long as short
Orderly PERP_TIA_USDC+0.0097%4h0.4338+0.046%$5K$362K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni TIA+0.0100%4h0.4333−0.060%$101K$84Kas long as short
Hyperliquid TIA+0.0100%1h0.4346+0.228%$4.2M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4341+0.104%$35K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4340+0.092%$14.4M$41.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4341+0.115%$14.1M$6.8M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.4337+0.023%$4.5M$3.5M75x
BingX TIA-USDC+0.0100%4h0.4339+0.069%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4335−0.028%$100K$152K10xas long as short
HTX TIA-USDT+0.0100%4h0.4330−0.138%$65K$42K50xas long as short
Extended TIA-USD+0.0104%1h0.4332−0.101%$57K$167K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4334−0.046%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4333−0.069%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4337+0.028%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4348+0.277%$48K$73K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4339+0.069%$1.1M$557K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0458% / S −0.3505%1h0.4336+0.011%$35K100xas long as short
dYdX TIA-USD+0.0714%1h0.4337+0.032%$52K$5910xas long as short