Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0029%/8hnext payment +$0.04 per $10,000 · paid last 24h −0.047%

Price spread now: Injective against Aevo−0.359%121s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, the price is against you. Injective is 0.359% cheaper against Aevo than usual: you would sell low and buy high (spread −0.359% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 42 days of funding at the current rate (+$1 a day). The two prices were read 121 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	0.4313	0.0104	pay 0.0013% / 1h	31m 26s	$7K	—	3x
Short	Injective TIA/USDC PERP	0.4297	0.0133	get 0.0017% / 1h	31m 26s	$26K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.359%Rate

Funding earned: $6.01
Price spread: −0.359% → 0.000%: −$35.94
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$45.96
Costs to cover: 0.160%
Break-even: 60.6 days

Slippage unknown: Aevo: no order-book sample; Injective: 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 Aevo no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Aevo and Injective: 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	−0.0407%	1h	0.4313	+0.011%	$360K	$232K	50x	as long as short
Backpack TIA_USDC_PERP	−0.0265%	1h	0.4311	−0.028%	$99K	$153K	10x	as long as short
Gate TIA_USDT	−0.0098%	4h	0.4311	−0.035%	$991K	$1.8M	75x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4313	+0.012%	$36K	$22K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4315	+0.052%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0040%	1h	0.4301	−0.267%	$48K	$233K	50x	as long as short
KuCoin TIAUSDTM	+0.0048%	4h	0.4309	−0.081%	$4.1M	$9.0M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0075%	4h	0.4309	−0.081%	$2.7M	$5.6M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4314	+0.037%	$122K	$368K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4311	−0.035%	$5K	$357K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4318	+0.137%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4314	+0.046%	$30K	$270K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4312	−0.012%	$14.0M	$40.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4312	−0.012%	$9.4M	$12.5M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4312	−0.012%	$9.2M	$5.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4312	−0.012%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4313	+0.012%	—	$98.9M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4293	−0.452%	$94K	$74K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4311	−0.035%	$73K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4313	+0.005%	$88K	$150K	25x	as long as short
Aevo TIA-PERPlong	+0.0104%	1h	0.4313	long leg	$7K	—	3x
Injective TIA/USDC PERPshort	+0.0133%	1h	0.4297	−0.359%	$26K	$10K	12x
Reya TIARUSDPERP	+0.0178%	1h	0.4311	−0.040%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0272%	1h	0.4332	+0.452%	$49K	$69K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4308	−0.104%	$922K	$462K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0352% / S −0.2122%	1h	0.4315	+0.067%	$22K	—	100x	as long as short
dYdX TIA-USD	+0.0715%	1h	0.4313	+0.009%	$51K	$59	10x	as long as short