Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.053%

Price spread now: Aster against Deribit−0.053%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.053% cheaper against Deribit than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TIA_USDC-PERPETUAL	0.4434	0	get 0.0000% / 1h	23m 58s	$31K	$27K	25x
Short	Aster TIAUSDT	0.4432	0.0100	get 0.0050% / 4h	23m 58s	$33K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.053%Rate

Funding earned: $21
Price spread: −0.053% → 0.000%: −$5.3
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.7
Costs to cover: 0.150%
Break-even: 6.8 days

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 33 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 33 min ago	9.07 bp	34.8 bp −$35	doesn't fit	doesn't fit	doesn't fit

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
Variational Omni TIA	−0.0018%	4h	0.4430	−0.097%	$104K	$65K	—	as long as short
Deribit TIA_USDC-PERPETUALlong	0.0000%	1h	0.4434	long leg	$31K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4435	+0.020%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0027%	4h	0.4430	−0.090%	$9.8M	$13.5M	50x	as long as short
ApeX Omni TIAUSDT	+0.0032%	1h	0.4442	+0.180%	$50K	$230K	50x	as long as short
KuCoin TIAUSDTM	+0.0052%	4h	0.4433	−0.023%	$4.3M	$9.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4440	+0.124%	$157K	$419K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4432	−0.045%	$5K	$273K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4441	+0.153%	$4.8M	$1.5M	5x	as long as short
Aster TIAUSDTshort	+0.0100%	4h	0.4432	−0.053%	$33K	$248K	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4433	−0.023%	$14.5M	$43.1M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4427	−0.158%	$2.8M	$6.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4435	+0.023%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4434	0.000%	$12.0M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4429	−0.113%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4432	−0.045%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4434	−0.007%	$102K	$167K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4435	+0.023%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4429	−0.116%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4431	−0.061%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0164%	1h	0.4437	+0.057%	$362K	$195K	50x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4433	−0.021%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4442	+0.180%	$26K	$10K	12x	as long as short
dYdX TIA-USD	+0.0326%	1h	0.4439	+0.116%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4427	−0.158%	$1.6M	$748K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4452	+0.406%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0496% / S −0.1196%	1h	0.4433	−0.017%	$41K	—	100x	as long as short