Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.029%

Price spread now: Reya against Bybit−0.039%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.039% cheaper against Bybit than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TIAUSDT	0.4386	−0.0123	get 0.0062% / 4h	1h 04m	$9.7M	$13.5M	50x
Short	Reya TIARUSDPERP	0.4384	0.0180	get 0.0023% / 1h	4m 14s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.039%Rate

Funding earned: $63.66
Price spread: −0.039% → 0.000%: −$3.88
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $42.78
Costs to cover: 0.170%
Break-even: 2.3 days

Slippage unknown: Bybit: live order book, 4 min ago; Reya: 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, 4 min ago	1.13 bp	11.3 bp −$11	33.9 bp −$339	157.5 bp −$15.8K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.4389	+0.068%	$31K	$27K	25x	as long as short
Bybit TIAUSDTlong	−0.0123%	4h	0.4386	long leg	$9.7M	$13.5M	50x
Variational Omni TIA	−0.0057%	4h	0.4393	+0.151%	$103K	$85K	—	as long as short
KuCoin TIAUSDTM	−0.0034%	4h	0.4388	+0.046%	$4.2M	$9.0M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4391	+0.114%	$1K	—	150x	as long as short
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4392	+0.136%	$359K	$199K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4404	+0.406%	$155K	$417K	10x	as long as short
ApeX Omni TIAUSDT	+0.0097%	1h	0.4429	+0.980%	$50K	$231K	50x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4394	+0.182%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4399	+0.300%	$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	0.4389	+0.078%	$14.4M	$42.9M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4385	−0.023%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4390	+0.091%	$999K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4388	+0.046%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4387	+0.023%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4387	+0.023%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4400	+0.331%	$102K	$153K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4388	+0.046%	$5K	$289K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4399	+0.296%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4385	−0.025%	$55K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4389	+0.057%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0180%	1h	0.4384	−0.039%	$6K	—	15x
dYdX TIA-USD	+0.0198%	1h	0.4402	+0.365%	$52K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4399	+0.296%	$1.5M	$720K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4418	+0.730%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1196%	1h	0.4391	+0.108%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4415	+0.661%	$26K	$10K	12x	as long as short