Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.168%

Price spread now: dYdX against Binance−0.020%7-day average — · you buy dearer than you sell

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.577%+$58 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.577%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TIAUSDT	0.4353	0.0100	pay 0.0050% / 4h	1h 54m	$13.6M	$47.5M	75x
Short	dYdX TIA-USD	0.4352	0.0089	get 0.0011% / 1h	54m 25s	$52K	$139	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$2.31
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$24.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; dYdX: 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 Binance live order book, 3 min ago	1.15 bp	9.0 bp −$9	18.3 bp −$183	108.1 bp −$10.8K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
ApeX Omni TIAUSDT	−0.0071%	1h	0.4367	+0.322%	$50K	$227K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4355	+0.046%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4355	+0.045%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0077%	4h	0.4350	−0.069%	$2.7M	$6.5M	50x	as long as short
dYdX TIA-USDshort	+0.0089%	1h	0.4352	−0.020%	$52K	$139	10x
Lighter TIA	+0.0096%	1h	0.4357	+0.099%	$150K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4353	0.000%	$7K	$260K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4358	+0.119%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4356	+0.062%	$32K	$247K	10x	as long as short
Binance TIAUSDTlong	+0.0100%	4h	0.4353	long leg	$13.6M	$47.5M	75x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	+0.0100%	4h	0.4354	+0.023%	$9.8M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4355	+0.046%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4353	0.000%	$13.1M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4351	−0.046%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4352	−0.023%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4353	0.000%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4355	+0.057%	$101K	$172K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4360	+0.166%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4356	+0.069%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4350	−0.061%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4353	−0.011%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0141% / S +0.0052%	1h	0.4354	+0.020%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4356	+0.076%	$345K	$203K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4368	+0.345%	$25K	$11K	12x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4350	−0.066%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4358	+0.115%	$1.6M	$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