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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.135%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$570.572% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$6 on $10k
Price spread, last 7 days−0.141%−$14 · spread now +0.135%, 7d avg +0.103%
Together, before fees−0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 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: Hyperliquid is 0.032% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.103%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TIAUSDT0.43840.0100pay 0.0050% / 4h48m 13s$4.4M$3.5M75x
ShortHyperliquid TIA0.43900.0100get 0.0013% / 1h48m 13s$4.7M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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
Price spread: +0.135% → +0.103%
$3.17
Slippage, 4 orders
−$36.16
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$53.99
Costs to cover
0.572%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Hyperliquid: live order book, 4 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 Bitget live order book, 5 min ago3.41 bp14.5 bp −$1440.6 bp −$406doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.80 bp13.1 bp −$13doesn't fitdoesn'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
Bybit TIAUSDT−0.0135%4h0.4381−0.068%$9.6M$13.4M50xas long as short
Variational Omni TIA−0.0085%4h0.4388+0.085%$103K$85Kas long as short
KuCoin TIAUSDTM−0.0004%4h0.4385+0.023%$4.2M$9.1M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.43840.000%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4387+0.066%$1K150xas long as short
ApeX Omni TIAUSDT+0.0003%1h0.4390+0.137%$49K$231K50xas long as short
Lighter TIA+0.0096%1h0.4388+0.098%$155K$418K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.43840.000%$5K$280K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4390+0.135%$4.7M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4389+0.107%$32K$245K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4386+0.039%$14.3M$42.9M75xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4380−0.091%$2.8M$6.2M50xas long as short
Gate TIA_USDT+0.0100%4h0.4388+0.091%$994K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4386+0.046%$12.0M$6.5M300xas long as short
Bitget TIAUSDTlong+0.0100%4h0.4384long leg$4.4M$3.5M75x
BingX TIA-USDT+0.0100%4h0.4383−0.023%$99.1Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4383−0.021%$104K$157K10xas long as short
HTX TIA-USDT+0.0100%4h0.4395+0.251%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4378−0.146%$55K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4334−1.145%$7K3xas long as short
Kraken Futures PF_TIAUSD+0.0166%1h0.4385+0.020%$358K$195K50xas long as short
Reya TIARUSDPERP+0.0180%1h0.4381−0.061%$6K15xas long as short
dYdX TIA-USD+0.0185%1h0.4386+0.050%$52K$19910xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4392+0.182%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4389+0.114%$1.6M$716K75xas long as short
Coinbase International TIA-PERP-INTX+0.0384%1h0.4392+0.182%$51K$76K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0494% / S −0.1196%1h0.4385+0.034%$40K100xas long as short