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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget+0.175%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$560.557% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.175%, 7d avg +0.134%
Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 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: Lighter is 0.041% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TIAUSDT0.43350.0100pay 0.0050% / 4h1h 16m$4.5M$3.5M75x
ShortLighter TIA0.43430.0096get 0.0012% / 1h16m 13s$128K$351K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.175% → +0.134%
$4.11
Slippage, 4 orders
−$43.66
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$52.39
Costs to cover
0.557%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 58 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, 2 min ago1.15 bp16.8 bp −$1736.1 bp −$361doesn't fitdoesn't fit
Sell Lighter live order book, 58 min ago1.85 bp9.5 bp −$973.6 bp −$736306.4 bp −$30.6Kdoesn'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
Kraken Futures PF_TIAUSD−0.0228%1h0.4339+0.099%$355K$242K50xas long as short
OKX TIA-USDT-SWAP−0.0122%4h0.4333−0.046%$2.7M$5.9M50xas long as short
KuCoin TIAUSDTM−0.0038%4h0.43350.000%$4.2M$8.6M50xas long as short
Gate TIA_USDT−0.0022%4h0.4336+0.023%$996K$1.8M75xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4340+0.115%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4341+0.138%$1K150xas long as short
ApeX Omni TIAUSDT+0.0008%1h0.4337+0.046%$49K$236K50xas long as short
Lighter TIAshort+0.0096%1h0.4343+0.175%$128K$351K10x
Orderly PERP_TIA_USDC+0.0097%4h0.4339+0.092%$5K$362K10xas long as short
Hyperliquid TIA+0.0100%1h0.4344+0.196%$4.2M$1.5M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4337+0.035%$35K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4338+0.076%$14.5M$42.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4336+0.023%$9.5M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4339+0.092%$14.1M$6.8M300xas long as short
Bitget TIAUSDTlong+0.0100%4h0.4335long leg$4.5M$3.5M75x
BingX TIA-USDC+0.0100%4h0.4336+0.023%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4339+0.092%$100K$150K10xas long as short
Variational Omni TIA+0.0100%4h0.4337+0.057%$101K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4339+0.092%$65K$42K50xas long as short
Extended TIA-USD+0.0104%1h0.4335−0.003%$57K$168K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4338+0.079%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4333−0.046%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.43350.000%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4344+0.208%$47K$74K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4328−0.161%$1.1M$556K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0457% / S −0.3505%1h0.4341+0.137%$35K100xas long as short
dYdX TIA-USD+0.0702%1h0.4338+0.079%$52K$5910xas long as short