Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.050%
Price spread now: Deribit against Bybit+0.045%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.045% dearer against Bybit than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TIAUSDT | 0.4468 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $10.1M | $14.6M | 50x |
| Short | Deribit TIA_USDC-PERPETUAL | 0.4470 | 0 | get 0.0000% / 1h | 28m 15s | $31K | $25K | 25x |
Bybit TIAUSDT
Deribit TIA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.045% → 0.000%
- $4.48
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$34.52
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Deribit: 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, 5 min ago | 1.12 bp | 13.2 bp −$13 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 −0.2824% / S +0.0142% | 1h | 0.4465 | −0.061% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0112% | 1h | 0.4468 | +0.003% | $352K | $223K | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0034% | 1h | 0.4463 | −0.112% | $51K | $224K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALshort | 0.0000% | 1h | 0.4470 | +0.045% | $31K | $25K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4465 | −0.069% | $1K | — | 150x | as long as short |
| OKX TIA-USDT-SWAP | +0.0016% | 4h | 0.4468 | 0.000% | $2.8M | $7.0M | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0048% | 1h | 0.4460 | −0.179% | $45K | $52K | 12x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4475 | +0.148% | $193K | $469K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4468 | 0.000% | $7K | $217K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4468 | −0.004% | $4.9M | $1.5M | 5x | as long as short |
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
ApeX Omni TIAUSDT
gTrade (Gains Network) TIA/USD
OKX TIA-USDT-SWAP
Injective TIA/USDC PERP
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4467 | −0.033% | $33K | $249K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4471 | +0.071% | $14.4M | $49.4M | 75x | as long as short |
| Bybit TIAUSDTlong | +0.0100% | 4h | 0.4468 | long leg | $10.1M | $14.6M | 50x | |
| Gate TIA_USDT | +0.0100% | 4h | 0.4463 | −0.112% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4472 | +0.090% | $11.5M | $14.4M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4463 | −0.112% | $4.3M | $10.1M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4464 | −0.090% | $4.4M | $4.1M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4463 | −0.112% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4462 | −0.134% | $103K | $176K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4465 | −0.061% | $136K | $78K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4466 | −0.045% | $60K | $76K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4464 | −0.094% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4470 | +0.035% | $7K | — | 3x | as long as short |
| dYdX TIA-USD | +0.0109% | 1h | 0.4456 | −0.262% | $53K | $139 | 10x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4462 | −0.126% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4458 | −0.224% | $1.7M | $767K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0416% | 1h | 0.4472 | +0.090% | $53K | $106K | 50x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
dYdX TIA-USD
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX