Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.023%

Price spread now: Reya against Bitget+0.023%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.023% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TIAUSDT	0.4443	0.0100	pay 0.0050% / 4h	8m 09s	$4.4M	$4.1M	75x
Short	Reya TIARUSDPERP	0.4444	0.0182	get 0.0023% / 1h	8m 09s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee BitgetbpFee ReyabpOrdersPrice spread, now +0.023%Rate

Funding earned: $17.16
Price spread: +0.023% → 0.000%: $2.32
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.48
Costs to cover: 0.180%
Break-even: 6.4 days

Slippage unknown: Bitget: live order book, 5 min ago; Reya: 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 Bitget live order book, 5 min ago	1.13 bp	15.1 bp −$15	32.9 bp −$329	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
GMX TIA/USD [ETH-USDC]	L −0.1259% / S +0.0089%	1h	0.4448	+0.120%	$5K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0056%	1h	0.4438	−0.113%	$51K	$224K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4448	+0.110%	$348K	$208K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4448	+0.113%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4449	+0.138%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4449	+0.135%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0044%	4h	0.4441	−0.045%	$2.8M	$6.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4451	+0.171%	$156K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4448	+0.113%	$7K	$230K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4453	+0.225%	$4.8M	$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	0.4445	+0.055%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4446	+0.069%	$14.1M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4446	+0.068%	$10.2M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4447	+0.090%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4446	+0.068%	$12.4M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4446	+0.068%	$4.2M	$10.0M	50x	as long as short
Bitget TIAUSDTlong	+0.0100%	4h	0.4443	long leg	$4.4M	$4.1M	75x
BingX TIA-USDC	+0.0100%	4h	0.4445	+0.045%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4447	+0.099%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4435	−0.181%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4450	+0.158%	$60K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4443	+0.005%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4446	+0.078%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0182%	1h	0.4444	+0.023%	$6K	—	15x
dYdX TIA-USD	+0.0237%	1h	0.4450	+0.166%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4448	+0.113%	$1.7M	$718K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4459	+0.360%	$52K	$104K	50x	as long as short