Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.048%

Price spread now: Deribit against Variational Omni+0.132%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.132% dearer against Variational Omni than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TIA	0.4418	0.0017	pay 0.0009% / 4h	18m 29s	$103K	$66K	—
Short	Deribit TIA_USDC-PERPETUAL	0.4424	0	get 0.0000% / 1h	18m 29s	$31K	$25K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$3.66
Price spread: +0.132% → 0.000%: $13.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $2.51
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 51 min ago; Deribit: 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 Variational Omni RFQ quote, 51 min ago	5.66 bp	doesn't fit	30.5 bp −$305	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
ApeX Omni TIAUSDT	−0.0029%	1h	0.4418	−0.004%	$50K	$230K	50x	as long as short
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4424	+0.132%	$31K	$25K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4416	−0.052%	$1K	—	150x	as long as short
Variational Omni TIAlong	+0.0017%	4h	0.4418	long leg	$103K	$66K	—
KuCoin TIAUSDTM	+0.0056%	4h	0.4413	−0.117%	$4.2M	$9.1M	50x	as long as short
Bybit TIAUSDT	+0.0058%	4h	0.4412	−0.140%	$9.8M	$13.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4422	+0.084%	$156K	$419K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4416	−0.049%	$5K	$271K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4422	+0.080%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4417	−0.026%	$33K	$248K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4413	−0.107%	$14.5M	$43.1M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4410	−0.185%	$2.8M	$6.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4417	−0.027%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4415	−0.072%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4413	−0.117%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4413	−0.117%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4420	+0.052%	$102K	$167K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4436	+0.403%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4413	−0.121%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4422	+0.080%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0164%	1h	0.4424	+0.125%	$361K	$194K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4412	−0.145%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4431	+0.290%	$26K	$10K	12x	as long as short
dYdX TIA-USD	+0.0305%	1h	0.4419	+0.023%	$52K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4425	+0.154%	$1.6M	$747K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4452	+0.765%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0495% / S −0.1196%	1h	0.4415	−0.074%	$40K	—	100x	as long as short