Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0301%/8h= +32.9% APRpaid last 24h −0.005%

Price spread now: Coinbase International against Orderly+0.664%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.566%−$57 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.664% dearer against Orderly than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.566%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TIA_USDC	0.4366	0.0099	pay 0.0050% / 4h	2h 01m	$7K	$261K	10x
Short	Coinbase International TIA-PERP-INTX	0.4395	0.0400	get 0.0050% / 1h	1m 08s	$47K	$87K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.664%Rate

Funding earned: $63.15
Price spread: +0.664% → 0.000%: $66.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $113.57
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Coinbase International: 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Orderly and Coinbase International: 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	0.4366	0.000%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4367	+0.023%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0068%	1h	0.4370	+0.092%	$50K	$227K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0088%	4h	0.4362	−0.092%	$2.7M	$6.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4369	+0.073%	$150K	$432K	10x	as long as short
Orderly PERP_TIA_USDClong	+0.0099%	4h	0.4366	long leg	$7K	$261K	10x
Hyperliquid TIA	+0.0100%	1h	0.4371	+0.112%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4368	+0.046%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4364	−0.046%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4363	−0.069%	$9.8M	$14.0M	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	0.4369	+0.069%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4365	−0.023%	$13.2M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4366	0.000%	$4.2M	$9.6M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4363	−0.069%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4365	−0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4365	−0.021%	$101K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4376	+0.223%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4368	+0.046%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4362	−0.088%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4365	−0.023%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0154% / S +0.0052%	1h	0.4366	+0.003%	$6K	—	100x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4363	−0.073%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSD	+0.0192%	1h	0.4367	+0.034%	$346K	$204K	50x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4382	+0.366%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4364	−0.046%	$1.6M	$704K	75x	as long as short
dYdX TIA-USD	+0.0354%	1h	0.4369	+0.069%	$52K	$139	10x	as long as short
Coinbase International TIA-PERP-INTXshort	+0.0400%	1h	0.4395	+0.664%	$47K	$87K	50x