Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.026%

Price spread now: Bybit against ApeX Omni+0.114%99s7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.581% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.114%, 7d avg −0.059%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.173% dearer against ApeX Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.059%. The two prices were read 99 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	ApeX Omni TIAUSDT	0.4376	0.0098	pay 0.0012% / 1h	27m 48s	$49K	$235K	50x
Short	Bybit TIAUSDT	0.4381	0.0100	get 0.0050% / 4h	3h 27m	$9.6M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0.39
Price spread: +0.114% → −0.059%: $17.31
Slippage, 4 orders: −$37.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.38
Costs to cover: 0.581%
Break-even: 738.5 days

Slippage from ApeX Omni: live order book, 43 min ago; Bybit: live order book, 5 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, 43 min ago	8.03 bp	16.1 bp −$16	126.5 bp −$1,265	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.43 bp	13.7 bp −$14	37.4 bp −$374	220.4 bp −$22.0K	doesn't fit

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	−0.0165%	4h	0.4380	+0.091%	$2.8M	$5.9M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4384	+0.172%	$360K	$226K	50x	as long as short
KuCoin TIAUSDTM	−0.0028%	4h	0.4380	+0.091%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4384	+0.183%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4382	+0.141%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4388	+0.270%	$140K	$359K	10x	as long as short
ApeX Omni TIAUSDTlong	+0.0098%	1h	0.4376	long leg	$49K	$235K	50x
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4382	+0.137%	$5K	$362K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4387	+0.251%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4384	+0.183%	$34K	$249K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4384	+0.173%	$14.6M	$41.1M	75x	as long as short
Bybit TIAUSDTshort	+0.0100%	4h	0.4381	+0.114%	$9.6M	$12.8M	50x
Gate TIA_USDT	+0.0100%	4h	0.4383	+0.160%	$986K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4384	+0.183%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4383	+0.160%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4383	+0.160%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4382	+0.135%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4378	+0.042%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4381	+0.114%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4381	+0.104%	$54K	$173K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4383	+0.160%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4383	+0.160%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4379	+0.078%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.297%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4377	+0.023%	$1.2M	$578K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4382	+0.134%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0997%	1h	0.4382	+0.137%	$52K	$59	10x	as long as short