Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.055%

Price spread now: BingX against Deribit−0.023%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 BingX

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—needs both histories

Funding pays, the price is against you. BingX is 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 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	0.4381	0	get 0.0000% / 1h	23m 23s	$30K	$25K	25x
Short	BingX TIA-USDC	0.4380	0.0100	get 0.0050% / 4h	3h 23m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $21
Price spread: −0.023% → 0.000%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $1.72
Costs to cover: 0.170%
Break-even: 6.4 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 12 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 BingX live order book, 12 min ago	3.40 bp	22.9 bp −$23	63.1 bp −$631	489.4 bp −$48.9K	787.4 bp −$393.7K

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
Deribit TIA_USDC-PERPETUALlong	0.0000%	1h	0.4381	long leg	$30K	$25K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4381	−0.003%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0059%	1h	0.4405	+0.548%	$50K	$229K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4386	+0.112%	$155K	$419K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4380	−0.023%	$6K	$248K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4385	+0.087%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4377	−0.081%	$33K	$242K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4380	−0.023%	$14.3M	$43.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4380	−0.023%	$9.8M	$13.5M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4375	−0.137%	$2.8M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4381	0.000%	$995K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4380	−0.023%	$11.3M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4377	−0.091%	$4.2M	$9.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4378	−0.068%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDCshort	+0.0100%	4h	0.4380	−0.023%	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4374	−0.155%	$101K	$167K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4405	+0.552%	$103K	$59K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4381	0.000%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4377	−0.085%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4380	−0.025%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4378	−0.074%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0271%	1h	0.4380	−0.023%	$25K	$11K	12x	as long as short
Kraken Futures PF_TIAUSD	+0.0330%	1h	0.4380	−0.025%	$358K	$193K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4381	0.000%	$1.7M	$729K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4383	+0.046%	$49K	$78K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1196%	1h	0.4381	0.000%	$40K	—	100x	as long as short
dYdX TIA-USD	+0.0529%	1h	0.4380	−0.023%	$52K	$139	10x	as long as short