Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against BingX+0.096%7-day average — · you sell dearer than you buy

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

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.096% dearer against BingX than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TIA-USDT	0.4374	0.0100	pay 0.0050% / 4h	46m 02s	—	$99.0M	—
Short	gTrade (Gains Network) TIA/USD	0.4378	L +0.0002% / S 0.0000%	get 0.0000% / 1h	46m 02s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.096%Rate

Funding earned: −$20.93
Price spread: +0.096% → 0.000%: $9.63
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; gTrade (Gains Network): 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 BingX live order book, 8 min ago	1.14 bp	8.8 bp −$9	16.4 bp −$164	57.1 bp −$5,712	325.6 bp −$162.8K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4376	+0.046%	$359K	$245K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0146%	4h	0.4373	−0.023%	$2.8M	$6.0M	50x	as long as short
ApeX Omni TIAUSDT	−0.0054%	1h	0.4384	+0.229%	$49K	$234K	50x	as long as short
KuCoin TIAUSDTM	−0.0020%	4h	0.4376	+0.046%	$4.2M	$8.6M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4378	+0.091%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USDshort	L +0.0002% / S 0.0000%	1h	0.4378	+0.096%	$1K	—	150x
Gate TIA_USDT	+0.0056%	4h	0.4376	+0.046%	$991K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4382	+0.192%	$140K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4376	+0.046%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4381	+0.169%	$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	0.4378	+0.092%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4377	+0.065%	$14.6M	$42.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4374	0.000%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4378	+0.091%	$13.6M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4375	+0.023%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDTlong	+0.0100%	4h	0.4374	long leg	—	$99.0M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4378	+0.082%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4382	+0.182%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4377	+0.069%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4375	+0.016%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4377	+0.075%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4373	−0.012%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.343%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4384	+0.229%	$27K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4371	−0.069%	$1.1M	$568K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4378	+0.090%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0561%	1h	0.4375	+0.033%	$52K	$59	10x	as long as short