Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against Bybit+0.069%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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. gTrade (Gains Network) is 0.069% dearer against Bybit than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4352	0.0100	pay 0.0050% / 4h	3h 30m	$9.5M	$12.8M	50x
Short	gTrade (Gains Network) TIA/USD	0.4355	L +0.0002% / S 0.0000%	get 0.0000% / 1h	30m 49s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.069%Rate

Funding earned: −$20.93
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.03
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; gTrade (Gains Network): 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	1.15 bp	9.9 bp −$10	25.3 bp −$253	152.9 bp −$15.3K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4356	+0.094%	$364K	$233K	50x	as long as short
Backpack TIA_USDC_PERP	−0.0200%	1h	0.4356	+0.094%	$100K	$158K	10x	as long as short
Gate TIA_USDT	−0.0102%	4h	0.4354	+0.046%	$987K	$1.8M	75x	as long as short
ApeX Omni TIAUSDT	−0.0064%	1h	0.4338	−0.322%	$49K	$235K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4357	+0.115%	$36K	$22K	25x	as long as short
gTrade (Gains Network) TIA/USDshort	L +0.0002% / S 0.0000%	1h	0.4355	+0.069%	$1K	—	150x
KuCoin TIAUSDTM	+0.0004%	4h	0.4353	+0.023%	$4.2M	$8.8M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0058%	4h	0.4351	−0.023%	$2.7M	$5.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4361	+0.200%	$123K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4353	+0.023%	$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	+0.140%	$4.3M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4355	+0.077%	$30K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4354	+0.057%	$14.3M	$41.1M	75x	as long as short
Bybit TIAUSDTlong	+0.0100%	4h	0.4352	long leg	$9.5M	$12.8M	50x
MEXC TIA_USDT	+0.0100%	4h	0.4357	+0.115%	$9.3M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4353	+0.023%	$4.5M	$3.6M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4353	+0.023%	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4339	−0.309%	$100K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4349	−0.069%	$74K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4354	+0.038%	$74K	$154K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4358	+0.129%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0144%	1h	0.4357	+0.115%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4351	−0.023%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4359	+0.161%	$49K	$71K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4351	−0.023%	$969K	$495K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0395% / S −0.2692%	1h	0.4355	+0.062%	$28K	—	100x	as long as short
dYdX TIA-USD	+0.0562%	1h	0.4354	+0.042%	$52K	$59	10x	as long as short