Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0461%/8h= +50.5% APRpaid last 24h +0.213%

Price spread now: dYdX against Variational Omni−0.149%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.149% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 26 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TIA	0.4382	0.0100	pay 0.0050% / 4h	46m 04s	$102K	$84K	—
Short	dYdX TIA-USD	0.4375	0.0561	get 0.0070% / 1h	46m 04s	$52K	$59	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpOrdersPrice spread, now −0.149%Rate

Funding earned: $96.81
Price spread: −0.149% → 0.000%: −$14.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $71.93
Costs to cover: 0.100%
Break-even: 1.8 days

Slippage unknown: Variational Omni: RFQ quote, 43 min ago; dYdX: 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, 43 min ago	4.62 bp	doesn't fit	27.7 bp −$277	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4376	−0.135%	$359K	$245K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0146%	4h	0.4373	−0.204%	$2.8M	$6.0M	50x	as long as short
ApeX Omni TIAUSDT	−0.0054%	1h	0.4384	+0.047%	$49K	$234K	50x	as long as short
KuCoin TIAUSDTM	−0.0020%	4h	0.4376	−0.136%	$4.2M	$8.6M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4378	−0.090%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4378	−0.085%	$1K	—	150x	as long as short
Gate TIA_USDT	+0.0056%	4h	0.4376	−0.136%	$991K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4382	+0.010%	$140K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4376	−0.136%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4381	−0.013%	$4.3M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4378	−0.089%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4377	−0.117%	$14.6M	$42.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4374	−0.181%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4378	−0.090%	$13.6M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4375	−0.159%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4374	−0.181%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4378	−0.099%	$101K	$151K	10x	as long as short
Variational Omni TIAlong	+0.0100%	4h	0.4382	long leg	$102K	$84K	—
HTX TIA-USDT	+0.0100%	4h	0.4377	−0.113%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4375	−0.165%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4377	−0.107%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4373	−0.193%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.161%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4384	+0.047%	$27K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4371	−0.250%	$1.1M	$568K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4378	−0.092%	$36K	—	100x	as long as short
dYdX TIA-USDshort	+0.0561%	1h	0.4375	−0.149%	$52K	$59	10x