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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.026%
Price spread now: ApeX Omni against BingX−0.046%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$520.519% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.046%, 7d avg +0.034%
Together, before fees+0.120%+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.080% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TIA-USDT0.43550.0100pay 0.0050% / 4h1h 47m$103.1M
ShortApeX Omni TIAUSDT0.43530.0006get 0.0001% / 1h47m 36s$50K$227K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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
−$19.82
Price spread: −0.046% → +0.034%
−$8.03
Slippage, 4 orders
−$31.92
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$79.77
Costs to cover
0.519%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; ApeX Omni: live order book, 59 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 BingX live order book, 6 min ago2.30 bp8.3 bp −$815.9 bp −$15951.6 bp −$5,160381.7 bp −$190.9K
Sell ApeX Omni live order book, 59 min ago8.04 bp15.9 bp −$16121.5 bp −$1,215doesn't fitdoesn'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
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4358+0.069%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4358+0.079%$1K150xas long as short
ApeX Omni TIAUSDTshort+0.0006%1h0.4353−0.046%$50K$227K50x
OKX TIA-USDT-SWAP+0.0062%4h0.4352−0.069%$2.7M$6.5M50xas long as short
Lighter TIA+0.0096%1h0.4358+0.076%$150K$424K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4358+0.069%$7K$256K10xas long as short
Hyperliquid TIA+0.0100%1h0.4364+0.209%$4.7M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4356+0.025%$32K$247K10xas long as short
Binance TIAUSDT+0.0100%4h0.4356+0.023%$13.6M$47.5M75xas long as short
Bybit TIAUSDT+0.0100%4h0.43550.000%$9.8M$14.0M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4359+0.092%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4357+0.046%$13.0M$14.2M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4354−0.023%$4.2M$9.7M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4354−0.023%$4.4M$3.9M75xas long as short
BingX TIA-USDTlong+0.0100%4h0.4355long leg$103.1M
Backpack TIA_USDC_PERP+0.0100%1h0.4358+0.067%$101K$172K10xas long as short
Variational Omni TIA+0.0100%4h0.4351−0.097%$101K$51Kas long as short
HTX TIA-USDT+0.0100%4h0.4362+0.161%$58K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4353−0.050%$55K$212K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4357+0.046%$7K3xas long as short
GMX TIA/USD [ETH-USDC]L +0.0131% / S +0.0052%1h0.4358+0.068%$6K100xas long as short
Kraken Futures PF_TIAUSD+0.0146%1h0.4358+0.072%$345K$203K50xas long as short
Injective TIA/USDC PERP+0.0176%1h0.4351−0.092%$24K$11K12xas long as short
Reya TIARUSDPERP+0.0181%1h0.4354−0.026%$6K15xas long as short
dYdX TIA-USD+0.0270%1h0.4357+0.051%$52K$13910xas long as short
BloFin TIA-USDT+0.0340%4h0.4356+0.023%$1.7M$703K75xas long as short
Coinbase International TIA-PERP-INTX+0.0408%1h0.4395+0.918%$47K$87K50xas long as short