Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h +0.549%

Price spread now: GMX against Variational Omni+0.128%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 GMX

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. GMX is 0.128% dearer against Variational Omni than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TIA	0.4384	0.0100	pay 0.0050% / 4h	1h 00m	$102K	$50K	—
Short	GMX TIA/USD [ETH-USDC]	0.4390	L +0.0048% / S +0.0055%	pay 0.0007% / 1h	0m 03s	$6K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$32.51
Price spread: +0.128% → 0.000%: $12.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$31.72
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; GMX: 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, 54 min ago	4.60 bp	doesn't fit	29.9 bp −$299	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.4390	+0.132%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4390	+0.130%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0033%	4h	0.4384	−0.005%	$2.8M	$6.5M	50x	as long as short
GMX TIA/USD [ETH-USDC]short	L +0.0048% / S +0.0055%	1h	0.4390	+0.128%	$6K	—	100x
Lighter TIA	+0.0096%	1h	0.4392	+0.173%	$150K	$426K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4388	+0.086%	$7K	$242K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4393	+0.205%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4386	+0.042%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4389	+0.107%	$13.8M	$47.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4387	+0.063%	$9.9M	$13.9M	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	0.4387	+0.063%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4389	+0.109%	$12.8M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4384	−0.005%	$4.2M	$9.8M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4387	+0.063%	$4.4M	$3.8M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4387	+0.063%	—	$104.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4390	+0.120%	$103K	$170K	10x	as long as short
Variational Omni TIAlong	+0.0100%	4h	0.4384	long leg	$102K	$50K	—
ApeX Omni TIAUSDT	+0.0100%	1h	0.4392	+0.177%	$50K	$225K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4396	+0.268%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4386	+0.042%	$56K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4388	+0.086%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0145%	1h	0.4389	+0.100%	$348K	$202K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4399	+0.337%	$24K	$12K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4386	+0.048%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4389	+0.109%	$1.7M	$708K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4413	+0.656%	$48K	$87K	50x	as long as short
dYdX TIA-USD	+0.0439%	1h	0.4388	+0.091%	$52K	$139	10x	as long as short