Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.032%

Price spread now: Injective against OKX−0.091%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 0.091% cheaper against OKX than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.6 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	OKX TIA-USDT-SWAP	0.4380	0.0061	pay 0.0030% / 4h	1h 20m	$2.8M	$6.5M	50x
Short	Injective TIA/USDC PERP	0.4376	0.0176	get 0.0022% / 1h	20m 44s	$24K	$11K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee OKXbpFee InjectivebpOrdersPrice spread, now −0.091%Rate

Funding earned: $24.25
Price spread: −0.091% → 0.000%: −$9.13
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $5.1
Costs to cover: 0.100%
Break-even: 5.5 days

Slippage unknown: OKX: live order book, 2 min ago; Injective: 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 OKX live order book, 2 min ago	1.14 bp	16.1 bp −$16	54.9 bp −$549	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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-PERPETUAL	0.0000%	1h	0.4380	0.000%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4380	0.000%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0061%	1h	0.4371	−0.205%	$50K	$225K	50x	as long as short
OKX TIA-USDT-SWAPlong	+0.0061%	4h	0.4380	long leg	$2.8M	$6.5M	50x
GMX TIA/USD [ETH-USDC]	L +0.0084% / S +0.0054%	1h	0.4381	+0.020%	$6K	—	100x	as long as short
Lighter TIA	+0.0096%	1h	0.4385	+0.112%	$151K	$426K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4381	+0.023%	$7K	$251K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4390	+0.219%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4380	+0.003%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4382	+0.056%	$13.7M	$47.5M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	+0.0100%	4h	0.4383	+0.068%	$9.9M	$13.9M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4381	+0.023%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4382	+0.046%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4379	−0.023%	$4.2M	$9.8M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4383	+0.068%	$4.4M	$3.8M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4381	+0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4381	+0.034%	$101K	$172K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4379	−0.029%	$102K	$50K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4382	+0.046%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4380	−0.007%	$56K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4378	−0.035%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0145%	1h	0.4382	+0.040%	$347K	$204K	50x	as long as short
Injective TIA/USDC PERPshort	+0.0176%	1h	0.4376	−0.091%	$24K	$11K	12x
Reya TIARUSDPERP	+0.0181%	1h	0.4378	−0.056%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4381	+0.023%	$1.6M	$707K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4388	+0.183%	$47K	$86K	50x	as long as short
dYdX TIA-USD	+0.0460%	1h	0.4379	−0.017%	$52K	$139	10x	as long as short