Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Orderly+0.058%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.058% dearer against Orderly than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TIA_USDC	0.4370	0.0098	pay 0.0049% / 4h	44m 36s	$6K	$162K	10x
Short	gTrade (Gains Network) TIA/USD	0.4373	L +0.0002% / S 0.0000%	get 0.0000% / 1h	44m 36s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.058%Rate

Funding earned: −$20.43
Price spread: +0.058% → 0.000%: $5.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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 exchanges

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
GMX TIA/USD [ETH-USDC]	L −0.6754% / S +0.0274%	1h	0.4372	+0.046%	$5K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0237%	1h	0.4350	−0.458%	$50K	$221K	50x	as long as short
Injective TIA/USDC PERP	−0.0224%	1h	0.4361	−0.206%	$83K	$165K	12x	as long as short
Kraken Futures PF_TIAUSD	−0.0086%	1h	0.4370	−0.001%	$354K	$253K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4373	+0.069%	$32K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USDshort	L +0.0002% / S 0.0000%	1h	0.4373	+0.058%	$1K	—	150x
Bybit TIAUSDT	+0.0051%	4h	0.4373	+0.069%	$9.7M	$14.9M	50x	as long as short
Variational Omni TIA	+0.0089%	4h	0.4362	−0.174%	$81K	$116K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4379	+0.195%	$159K	$480K	10x	as long as short
Orderly PERP_TIA_USDClong	+0.0098%	4h	0.4370	long leg	$6K	$162K	10x

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4380	+0.217%	$4.6M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4370	+0.006%	$24K	$275K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4374	+0.094%	$14.0M	$52.2M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4371	+0.023%	$2.7M	$6.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4373	+0.069%	$985K	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4375	+0.114%	$10.5M	$18.6M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4372	+0.046%	$4.1M	$10.8M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4372	+0.046%	$4.3M	$4.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4373	+0.069%	—	$14.4M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4374	+0.098%	$104K	$186K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4370	0.000%	$58K	$79K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4370	+0.001%	$55K	$208K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4370	+0.011%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0183%	1h	0.4370	+0.005%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0294%	1h	0.4377	+0.158%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4370	0.000%	$539K	$838K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0368%	1h	0.4375	+0.114%	$52K	$109K	50x	as long as short