Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%

Price spread now: Lighter against BloFin+0.223%7-day average +0.022% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 3 days (all we have)−0.639%−$64 · spread now +0.223%, 7d avg +0.022%

Together, before fees−0.920%+ Points / potential airdropLighter: Season 3 · farm board−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.201% dearer against BloFin than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of +0.022%): +$20 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TIA-USDT	0.4351	0.0340	pay 0.0170% / 4h	3h 30m	$969K	$495K	75x
Short	Lighter TIA	0.4361	0.0096	get 0.0012% / 1h	30m 45s	$123K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.223%Rate

Funding earned: −$51.24
Price spread: +0.223% → +0.022%: $20.14
Slippage, 4 orders: −$40.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$83.14
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from BloFin: live order book, 16 min ago; Lighter: live order book, 13 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, 16 min ago	1.16 bp	13.9 bp −$14	18.3 bp −$183	59.5 bp −$5,950	doesn't fit
Sell Lighter live order book, 13 min ago	1.63 bp	9.3 bp −$9	58.0 bp −$580	322.7 bp −$32.3K	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	−0.0390%	1h	0.4356	+0.117%	$364K	$233K	50x	as long as short
Backpack TIA_USDC_PERP	−0.0200%	1h	0.4356	+0.117%	$100K	$158K	10x	as long as short
Gate TIA_USDT	−0.0102%	4h	0.4354	+0.069%	$987K	$1.8M	75x	as long as short
ApeX Omni TIAUSDT	−0.0064%	1h	0.4338	−0.299%	$49K	$235K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4357	+0.138%	$36K	$22K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4355	+0.092%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0004%	4h	0.4353	+0.046%	$4.2M	$8.8M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0058%	4h	0.4351	0.000%	$2.7M	$5.8M	50x	as long as short
Lighter TIAshort	+0.0096%	1h	0.4361	+0.223%	$123K	$351K	10x
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4353	+0.046%	$5K	$357K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4358	+0.163%	$4.3M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4355	+0.100%	$30K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4354	+0.080%	$14.3M	$41.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4352	+0.023%	$9.5M	$12.8M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4357	+0.138%	$9.3M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4353	+0.046%	$4.5M	$3.6M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4353	+0.046%	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4339	−0.286%	$100K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4349	−0.046%	$74K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4354	+0.061%	$74K	$154K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4358	+0.152%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0144%	1h	0.4357	+0.138%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4351	0.000%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4359	+0.184%	$49K	$71K	50x	as long as short
BloFin TIA-USDTlong	+0.0340%	4h	0.4351	long leg	$969K	$495K	75x
GMX TIA/USD [ETH-USDC]	L +0.0395% / S −0.2692%	1h	0.4355	+0.085%	$28K	—	100x	as long as short
dYdX TIA-USD	+0.0562%	1h	0.4354	+0.065%	$52K	$59	10x	as long as short