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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h +0.028%
Price spread now: Hyperliquid against OKX+0.238%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$560.561% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 7 days−0.226%−$23 · spread now +0.238%, 7d avg +0.086%
Together, before fees−0.192%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.151% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment. 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-SWAP0.4373−0.0169get 0.0085% / 4h3h 33m$2.8M$5.9M50x
ShortHyperliquid TIA0.43830.0100get 0.0013% / 1h33m 12s$4.5M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$56.56
Price spread: +0.238% → +0.086%
$15.14
Slippage, 4 orders
−$37.14
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$15.56
Costs to cover
0.561%
Break-even
5.1 days
Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 9 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 ago1.14 bp13.2 bp −$1339.3 bp −$393doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.11 bp9.6 bp −$10doesn't fitdoesn'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
OKX TIA-USDT-SWAPlong−0.0169%4h0.4373long leg$2.8M$5.9M50x
Kraken Futures PF_TIAUSD−0.0153%1h0.4377+0.098%$360K$233K50xas long as short
KuCoin TIAUSDTM−0.0038%4h0.4376+0.069%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4378+0.114%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4379+0.137%$1K150xas long as short
ApeX Omni TIAUSDT+0.0041%1h0.43730.000%$49K$235K50xas long as short
Lighter TIA+0.0096%1h0.4382+0.213%$140K$359K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4377+0.091%$5K$363K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4383+0.238%$4.5M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4378+0.118%$34K$249K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4377+0.094%$14.6M$41.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4374+0.023%$9.6M$12.8M50xas long as short
Gate TIA_USDT+0.0100%4h0.4379+0.137%$983K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4377+0.091%$13.2M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4377+0.091%$4.5M$3.2M75xas long as short
BingX TIA-USDT+0.0100%4h0.4377+0.091%$98.9Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4378+0.123%$101K$153K10xas long as short
Variational Omni TIA+0.0100%4h0.4370−0.073%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4376+0.069%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4375+0.037%$55K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4377+0.083%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4382+0.206%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4376+0.060%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4389+0.366%$51K$75K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4377+0.091%$1.2M$578K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0460% / S −0.3505%1h0.4378+0.107%$36K100xas long as short
dYdX TIA-USD+0.0894%1h0.4377+0.096%$52K$5910xas long as short