Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h −0.029%

Price spread now: Variational Omni against Reya+0.083%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.083% dearer against Reya than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4372	0.0181	pay 0.0023% / 1h	5m 13s	$6K	—	15x
Short	Variational Omni TIA	0.4376	0.0100	get 0.0050% / 4h	2h 05m	$102K	$51K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Reya. 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 ReyabpFee Variational OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: −$17.03
Price spread: +0.083% → 0.000%: $8.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.72
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 54 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 54 min ago	4.60 bp	doesn't fit	34.5 bp −$345	doesn't fit	doesn't fit

Reya: 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	0.4373	+0.021%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4376	+0.085%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0064%	1h	0.4375	+0.066%	$50K	$227K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4380	+0.172%	$151K	$432K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4375	+0.066%	$7K	$263K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4382	+0.222%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4378	+0.132%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4375	+0.066%	$13.7M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4376	+0.089%	$9.8M	$14.0M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4369	−0.071%	$2.8M	$6.5M	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	0.4378	+0.135%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4375	+0.066%	$13.2M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4374	+0.043%	$4.2M	$9.6M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4372	−0.002%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4373	+0.021%	—	$103.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4380	+0.178%	$101K	$174K	10x	as long as short
Variational Omni TIAshort	+0.0100%	4h	0.4376	+0.083%	$102K	$51K	—
HTX TIA-USDT	+0.0100%	4h	0.4377	+0.112%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4370	−0.048%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4373	+0.010%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0160% / S +0.0052%	1h	0.4376	+0.088%	$6K	—	100x	as long as short
Reya TIARUSDPERPlong	+0.0181%	1h	0.4372	long leg	$6K	—	15x
Kraken Futures PF_TIAUSD	+0.0191%	1h	0.4374	+0.055%	$347K	$204K	50x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4382	+0.226%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4375	+0.066%	$1.6M	$706K	75x	as long as short
dYdX TIA-USD	+0.0381%	1h	0.4377	+0.117%	$52K	$139	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4395	+0.524%	$47K	$87K	50x	as long as short