Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.009%

Price spread now: BingX against Coinbase International−0.135%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.609%+$61 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BingX is 0.135% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.609%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TIA-PERP-INTX	0.4443	0.0432	pay 0.0054% / 1h	17m 47s	$52K	$103K	50x
Short	BingX TIA-USDC	0.4437	0.0100	get 0.0050% / 4h	17m 47s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$69.72
Price spread: −0.135% → 0.000%: −$13.5
Slippage, 4 orders: −$95.84
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$199.06
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 11 min ago; BingX: live order book, 8 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 Coinbase International live order book, 11 min ago	19.18 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.26 bp	22.9 bp −$23	75.5 bp −$755	526.8 bp −$52.7K	801.1 bp −$400.6K

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 −0.0895% / S +0.0081%	1h	0.4438	−0.111%	$6K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0129%	1h	0.4420	−0.518%	$51K	$225K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4437	−0.143%	$349K	$205K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4440	−0.068%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4438	−0.113%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4428	−0.338%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4434	−0.203%	$2.8M	$6.7M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4442	−0.014%	$153K	$424K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4438	−0.113%	$7K	$232K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4443	−0.007%	$4.8M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4436	−0.151%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4438	−0.113%	$14.0M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4438	−0.113%	$10.1M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4436	−0.158%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4437	−0.135%	$12.5M	$14.1M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4436	−0.158%	$4.2M	$10.0M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4436	−0.158%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDCshort	+0.0100%	4h	0.4437	−0.135%	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4440	−0.079%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4423	−0.456%	$135K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4434	−0.203%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4434	−0.211%	$57K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4438	−0.113%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4433	−0.217%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0228%	1h	0.4437	−0.132%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4430	−0.293%	$1.7M	$715K	75x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0432%	1h	0.4443	long leg	$52K	$103K	50x