Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.027%

Price spread now: Reya against Aster−0.149%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

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—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.149% cheaper against Aster than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 6.1 days of funding at the current rate (+$2 a day). The two prices were read 56 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	Aster TIAUSDT	0.4438	0.0100	pay 0.0050% / 4h	16m 34s	$33K	$247K	10x
Short	Reya TIARUSDPERP	0.4431	0.0182	get 0.0023% / 1h	16m 34s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee ReyabpOrdersPrice spread, now −0.149%Rate

Funding earned: $17.15
Price spread: −0.149% → 0.000%: −$14.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$11.78
Costs to cover: 0.140%
Break-even: 11.8 days

Slippage unknown: Aster: live order book, 20 min ago; Reya: 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 Aster live order book, 20 min ago	6.78 bp	16.5 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
GMX TIA/USD [ETH-USDC]	L −0.0963% / S +0.0083%	1h	0.4436	−0.049%	$6K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0099%	1h	0.4435	−0.062%	$51K	$225K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4438	−0.004%	$350K	$206K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4436	−0.039%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4437	−0.018%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4442	+0.096%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0048%	4h	0.4434	−0.084%	$2.8M	$6.7M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4444	+0.148%	$153K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4436	−0.039%	$7K	$232K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4445	+0.168%	$4.8M	$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 TIAUSDTlong	+0.0100%	4h	0.4438	long leg	$33K	$247K	10x
Binance TIAUSDT	+0.0100%	4h	0.4440	+0.042%	$14.1M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4437	−0.017%	$10.1M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4439	+0.028%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4440	+0.051%	$12.4M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4438	+0.006%	$4.2M	$10.0M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4434	−0.084%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4437	−0.017%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4437	−0.012%	$102K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4423	−0.338%	$135K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4434	−0.084%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4435	−0.065%	$57K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4435	−0.055%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0182%	1h	0.4431	−0.149%	$6K	—	15x
dYdX TIA-USD	+0.0234%	1h	0.4437	−0.013%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4442	+0.096%	$1.7M	$717K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4443	+0.118%	$52K	$103K	50x	as long as short