Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.059%

Price spread now: Bitget against Coinbase International−0.829%47s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.585%+$59 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 −$3 a day on $10k at the current rate, and Bitget is 0.829% cheaper against Coinbase International than usual: you would sell low and buy high (−$83 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 +0.585%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TIA-PERP-INTX	0.4345	0.0200	pay 0.0025% / 1h	11m 27s	$48K	$72K	50x
Short	Bitget TIAUSDT	0.4309	0.0100	get 0.0050% / 4h	2h 11m	$4.4M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.829%Rate

Funding earned: −$21
Price spread: −0.829% → 0.000%: −$82.85
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$125.85
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Bitget: live order book, 7 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Bitget live order book, 7 min ago	2.31 bp	13.0 bp −$13	32.5 bp −$325	doesn't fit	doesn't fit

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
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4311	−0.773%	$355K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0214%	1h	0.4312	−0.759%	$30K	$27K	25x	as long as short
Gate TIA_USDT	−0.0068%	4h	0.4308	−0.852%	$994K	$1.8M	75x	as long as short
KuCoin TIAUSDTM	−0.0042%	4h	0.4308	−0.852%	$4.1M	$8.6M	50x	as long as short
Bybit TIAUSDT	−0.0041%	4h	0.4311	−0.783%	$9.4M	$13.0M	50x	as long as short
OKX TIA-USDT-SWAP	−0.0033%	4h	0.4309	−0.829%	$2.7M	$5.8M	50x	as long as short
ApeX Omni TIAUSDT	−0.0016%	1h	0.4328	−0.391%	$49K	$236K	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4315	−0.701%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0057%	4h	0.4324	−0.476%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4315	−0.684%	$127K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4311	−0.783%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4317	−0.640%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4315	−0.697%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4312	−0.759%	$14.1M	$41.0M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4312	−0.759%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDTshort	+0.0100%	4h	0.4309	−0.829%	$4.4M	$3.5M	75x
BingX TIA-USDT	+0.0100%	4h	0.4309	−0.829%	—	$101.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4311	−0.783%	$100K	$151K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4310	−0.806%	$63K	$38K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4309	−0.827%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4310	−0.806%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4310	−0.815%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0200%	1h	0.4345	long leg	$48K	$72K	50x
Injective TIA/USDC PERP	+0.0210%	1h	0.4331	−0.322%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4324	−0.483%	$525K	$542K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4313	−0.736%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0806%	1h	0.4316	−0.675%	$51K	$59	10x	as long as short