Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0502%/8h= +55.0% APRpaid last 24h −0.029%

Price spread now: Coinbase International against Bybit+0.569%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.548%−$55 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.569% dearer against Bybit than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.548%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4393	−0.0126	get 0.0063% / 4h	1h 05m	$9.7M	$13.5M	50x
Short	Coinbase International TIA-PERP-INTX	0.4418	0.0376	get 0.0047% / 1h	5m 42s	$52K	$76K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.569%Rate

Funding earned: $105.51
Price spread: +0.569% → 0.000%: $56.91
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $141.42
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Coinbase International: 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 Bybit live order book, 3 min ago	1.13 bp	11.3 bp −$11	33.9 bp −$339	157.5 bp −$15.8K	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Deribit TIA_USDC-PERPETUAL	−0.0205%	1h	0.4397	+0.091%	$31K	$27K	25x	as long as short
Bybit TIAUSDTlong	−0.0126%	4h	0.4393	long leg	$9.7M	$13.5M	50x
Variational Omni TIA	−0.0057%	4h	0.4393	−0.008%	$103K	$85K	—	as long as short
KuCoin TIAUSDTM	−0.0034%	4h	0.4392	−0.023%	$4.2M	$9.0M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4400	+0.159%	$1K	—	150x	as long as short
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4402	+0.216%	$360K	$199K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4401	+0.193%	$155K	$417K	10x	as long as short
ApeX Omni TIAUSDT	+0.0097%	1h	0.4429	+0.819%	$50K	$231K	50x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4403	+0.228%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4401	+0.182%	$32K	$245K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4395	+0.046%	$14.5M	$42.9M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4393	0.000%	$2.8M	$6.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4398	+0.114%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4396	+0.068%	$12.0M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4395	+0.046%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4397	+0.091%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4399	+0.141%	$102K	$153K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4397	+0.091%	$5K	$290K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4422	+0.660%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4393	−0.003%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4395	+0.053%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4394	+0.018%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0202%	1h	0.4399	+0.139%	$52K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4420	+0.615%	$1.5M	$724K	75x	as long as short
Coinbase International TIA-PERP-INTXshort	+0.0376%	1h	0.4418	+0.569%	$52K	$76K	50x
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1196%	1h	0.4400	+0.151%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4438	+1.024%	$26K	$10K	12x	as long as short