Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.007%

Price spread now: Bybit against Aevo−0.114%49s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.114% cheaper against Aevo than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TIA-PERP	0.4358	0.0104	pay 0.0013% / 1h	25m 39s	$7K	—	3x
Short	Bybit TIAUSDT	0.4353	0.0100	get 0.0050% / 4h	25m 39s	$9.5M	$13.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$0.84
Price spread: −0.114% → 0.000%: −$11.4
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.24
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.15 bp	11.4 bp −$11	36.1 bp −$361	171.0 bp −$17.1K	doesn't fit

Aevo: 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
OKX TIA-USDT-SWAP	−0.0185%	4h	0.4352	−0.137%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4361	+0.074%	$358K	$246K	50x	as long as short
KuCoin TIAUSDTM	−0.0040%	4h	0.4354	−0.091%	$4.2M	$8.7M	50x	as long as short
ApeX Omni TIAUSDT	−0.0008%	1h	0.4365	+0.161%	$49K	$235K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4360	+0.047%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4361	+0.075%	$1K	—	150x	as long as short
Gate TIA_USDT	+0.0082%	4h	0.4356	−0.045%	$979K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4361	+0.070%	$139K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4358	+0.001%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4361	+0.081%	$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	0.4357	−0.011%	$34K	$268K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4356	−0.045%	$14.5M	$42.4M	75x	as long as short
Bybit TIAUSDTshort	+0.0100%	4h	0.4353	−0.114%	$9.5M	$13.2M	50x
MEXC TIA_USDT	+0.0100%	4h	0.4355	−0.068%	$13.3M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4352	−0.137%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4353	−0.114%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4358	−0.011%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4362	+0.092%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4363	+0.115%	$65K	$43K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4351	−0.149%	$55K	$169K	25x	as long as short
Aevo TIA-PERPlong	+0.0104%	1h	0.4358	long leg	$7K	—	3x
Reya TIARUSDPERP	+0.0179%	1h	0.4359	+0.025%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.712%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4367	+0.207%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4364	+0.138%	$1.2M	$572K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4360	+0.050%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0721%	1h	0.4356	−0.039%	$52K	$59	10x	as long as short