Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.026%

Price spread now: BingX against ApeX Omni+0.069%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.069%, 7d avg −0.034%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.103% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TIAUSDT	0.4353	0.0006	pay 0.0001% / 1h	47m 08s	$50K	$227K	50x
Short	BingX TIA-USDT	0.4356	0.0100	get 0.0050% / 4h	1h 47m	—	$103.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $19.82
Price spread: +0.069% → −0.034%: $10.33
Slippage, 4 orders: −$31.92
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.76
Costs to cover: 0.519%
Break-even: 14.7 days

Slippage from ApeX Omni: live order book, 59 min ago; BingX: live order book, 7 min ago.

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 ApeX Omni live order book, 59 min ago	8.04 bp	17.5 bp −$17	127.4 bp −$1,274	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.30 bp	10.2 bp −$10	16.8 bp −$168	56.2 bp −$5,619	349.4 bp −$174.7K

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	0.4357	+0.092%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4358	+0.112%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTlong	+0.0006%	1h	0.4353	long leg	$50K	$227K	50x
OKX TIA-USDT-SWAP	+0.0062%	4h	0.4351	−0.046%	$2.7M	$6.5M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4361	+0.184%	$150K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4356	+0.069%	$7K	$255K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4362	+0.207%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4356	+0.067%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4354	+0.023%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4354	+0.023%	$9.8M	$14.0M	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	0.4358	+0.115%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4355	+0.046%	$13.0M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4355	+0.046%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4351	−0.046%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDTshort	+0.0100%	4h	0.4356	+0.069%	—	$103.1M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4355	+0.053%	$101K	$172K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4351	−0.051%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4357	+0.092%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4352	−0.033%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4356	+0.058%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0129% / S +0.0053%	1h	0.4357	+0.083%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4356	+0.067%	$345K	$201K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4358	+0.115%	$24K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4352	−0.026%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0270%	1h	0.4357	+0.097%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4357	+0.092%	$1.7M	$703K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+0.965%	$47K	$87K	50x	as long as short