Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0351%/8h= −38.4% APRpaid last 24h −0.103%

Price spread now: ApeX Omni against BloFin−0.046%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now −0.046%, 7d avg −0.028%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.243% in total (about -12.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TIA-USDT	0.4368	0.0340	pay 0.0170% / 4h	38m 52s	$1.1M	$568K	75x
Short	ApeX Omni TIAUSDT	0.4366	−0.0011	pay 0.0001% / 1h	38m 52s	$49K	$235K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: −$73.62
Price spread: −0.046% → −0.028%: −$1.76
Slippage, 4 orders: −$34
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$131.38
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; ApeX Omni: live order book, 37 min ago.

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 BloFin live order book, 3 min ago	1.14 bp	13.7 bp −$14	20.2 bp −$202	58.6 bp −$5,857	doesn't fit
Sell ApeX Omni live order book, 37 min ago	5.77 bp	15.3 bp −$15	119.6 bp −$1,196	doesn't fit	doesn't fit

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	0.4368	−0.006%	$358K	$245K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0156%	4h	0.4368	0.000%	$2.8M	$6.0M	50x	as long as short
KuCoin TIAUSDTM	−0.0020%	4h	0.4368	0.000%	$4.2M	$8.6M	50x	as long as short
ApeX Omni TIAUSDTshort	−0.0011%	1h	0.4366	−0.046%	$49K	$235K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4368	0.000%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4368	−0.006%	$1K	—	150x	as long as short
Gate TIA_USDT	+0.0070%	4h	0.4367	−0.023%	$989K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4372	+0.092%	$140K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4365	−0.069%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4371	+0.078%	$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	0.4368	+0.005%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4370	+0.046%	$14.5M	$42.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4368	0.000%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4369	+0.023%	$13.5M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4366	−0.046%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4366	−0.046%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4368	−0.011%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4364	−0.093%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4381	+0.298%	$65K	$43K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4364	−0.091%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4367	−0.023%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4365	−0.068%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.481%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4368	0.000%	$26K	$10K	12x	as long as short
BloFin TIA-USDTlong	+0.0340%	4h	0.4368	long leg	$1.1M	$568K	75x
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4368	−0.007%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0602%	1h	0.4366	−0.035%	$52K	$59	10x	as long as short