Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.007%

Price spread now: KuCoin against ApeX Omni−0.046%97s7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as 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−$810.809% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.135%−$13 · spread now −0.046%, 7d avg −0.027%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 97 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	0.4366	0.0003	pay 0.0000% / 1h	36m 03s	$49K	$235K	50x
Short	KuCoin TIAUSDTM	0.4364	−0.0026	pay 0.0013% / 4h	36m 03s	$4.2M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$6.08
Price spread: −0.046% → −0.027%: −$1.93
Slippage, 4 orders: −$58.88
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$88.89
Costs to cover: 0.809%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; KuCoin: live order book, 2 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, 40 min ago	5.77 bp	14.1 bp −$14	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.29 bp	29.8 bp −$30	85.3 bp −$853	doesn't fit	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	−0.0167%	4h	0.4361	−0.115%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4366	−0.001%	$358K	$245K	50x	as long as short
KuCoin TIAUSDTMshort	−0.0026%	4h	0.4364	−0.046%	$4.2M	$8.7M	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4367	+0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4368	+0.053%	$1K	—	150x	as long as short
ApeX Omni TIAUSDTlong	+0.0003%	1h	0.4366	long leg	$49K	$235K	50x
Gate TIA_USDT	+0.0070%	4h	0.4367	+0.023%	$984K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4371	+0.112%	$139K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4365	−0.023%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4370	+0.087%	$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	0.4369	+0.077%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4364	−0.050%	$14.5M	$42.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4363	−0.069%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4364	−0.046%	$13.5M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4363	−0.069%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4364	−0.046%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4366	−0.005%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4363	−0.069%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4366	0.000%	$65K	$43K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4362	−0.086%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4366	−0.009%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4364	−0.056%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.527%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4368	+0.046%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4364	−0.046%	$1.1M	$567K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4368	+0.036%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0671%	1h	0.4369	+0.076%	$52K	$59	10x	as long as short