Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%
Price spread now: Lighter against Aster+0.122%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$720.717% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.024%−$2 on $10k
Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.122%, 7d avg +0.025%
Together, before fees−0.135%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$13 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: Lighter is 0.097% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TIAUSDT0.43620.0100pay 0.0050% / 4h22m 43s$34K$268K10x
ShortLighter TIA0.43670.0096get 0.0012% / 1h22m 43s$139K$362K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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

Funding earned
−$0.84
Price spread: +0.122% → +0.025%
$9.72
Slippage, 4 orders
−$63.69
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$62.81
Costs to cover
0.717%
Break-even
never at this rate
Slippage from Aster: live order book, 54 min ago; Lighter: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 54 min ago5.76 bp13.9 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 47 min ago1.96 bp15.5 bp −$1592.3 bp −$923337.9 bp −$33.8Kdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TIA-USDT-SWAP−0.0190%4h0.4361−0.016%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0163%1h0.4363+0.027%$359K$246K50xas long as short
KuCoin TIAUSDTM−0.0036%4h0.4360−0.038%$4.2M$8.7M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4362+0.007%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4359−0.068%$1K150xas long as short
ApeX Omni TIAUSDT+0.0006%1h0.4353−0.199%$49K$235K50xas long as short
Gate TIA_USDT+0.0090%4h0.4360−0.038%$980K$1.8M75xas long as short
Lighter TIAshort+0.0096%1h0.4367+0.122%$139K$362K10x
Orderly PERP_TIA_USDC+0.0098%4h0.4358−0.084%$5K$363K10xas long as short
Hyperliquid TIA+0.0100%1h0.4367+0.122%$4.3M$1.5M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDTlong+0.0100%4h0.4362long leg$34K$268K10x
Binance TIAUSDT+0.0100%4h0.4362+0.012%$14.5M$42.4M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4362+0.007%$9.6M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4366+0.099%$13.3M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4361−0.016%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4361−0.016%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4362+0.012%$101K$153K10xas long as short
Variational Omni TIA+0.0100%4h0.4362+0.007%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4360−0.038%$65K$43K50xas long as short
Extended TIA-USD+0.0104%1h0.4358−0.091%$55K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4361−0.004%$7K3xas long as short
Reya TIARUSDPERP+0.0179%1h0.4356−0.138%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0208%1h0.4389+0.626%$51K$77K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4360−0.038%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4365+0.076%$1.2M$572K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0459% / S −0.3505%1h0.4359−0.066%$36K100xas long as short
dYdX TIA-USD+0.0726%1h0.4361−0.007%$52K$5910xas long as short