TIA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.140%

7d average—if it closes, per $10,000$14funding while held, a day+$10.20

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TIA_USDC-PERPETUAL	0.4299	0	get 0.0000% / 1h	11m 23s	$36K	$24K	25x
Short	BloFin TIA-USDT	0.4305	0.0340	get 0.0170% / 4h	2h 11m	$839K	$479K	75x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee DeribitbpFee BloFinbpOrdersClose when spread is

Spread captured: $13.96
Funding while held: $10.2
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.16
Spread needed to break even: 0.190%

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 27 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0340%
Per $10,000 a day: +$10.20
Average in range /8h: —

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 BloFin live order book, 27 min ago	6.88 bp	13.7 bp −$14	22.0 bp −$220	46.7 bp −$4,665	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

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX TIA-USDT-SWAP	−0.186%	+0.0100%	4h	$2.7M	$5.6M	50x	as long as short
Bybit TIAUSDT	−0.163%	+0.0100%	4h	$9.1M	$12.0M	50x	as long as short
KuCoin TIAUSDTM	−0.163%	+0.0074%	4h	$4.1M	$9.3M	50x	as long as short
Extended TIA-USD	−0.152%	+0.0104%	1h	$98K	$140K	25x	as long as short
Gate TIA_USDT	−0.116%	+0.0100%	4h	$999K	$1.8M	75x	as long as short
BingX TIA-USDT	−0.116%	+0.0100%	4h	—	$98.8M	—	as long as short
Bitget TIAUSDT	−0.093%	+0.0100%	4h	$4.4M	$3.5M	75x	as long as short
Reya TIARUSDPERP	−0.091%	+0.0177%	1h	$6K	—	15x	as long as short
Binance TIAUSDT	−0.032%	+0.0100%	4h	$13.9M	$40.1M	75x	as long as short
Aevo TIA-PERP	−0.027%	+0.0104%	1h	$7K	—	3x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_TIAUSD	−0.023%	−0.0136%	1h	$347K	$212K	50x	as long as short
MEXC TIA_USDT	−0.023%	+0.0100%	4h	$8.9M	$6.2M	300x	as long as short
gTrade (Gains Network) TIA/USD	0.000%	L +0.0002% / S 0.0000%	1h	$1K	—	150x	as long as short
Orderly PERP_TIA_USDC	0.000%	+0.0098%	4h	$5K	$357K	10x	as long as short
Deribit TIA_USDC-PERPETUALlong	0.000%	0.0000%	1h	$36K	$24K	25x
GMX TIA/USD [ETH-USDC]	+0.018%	L +0.0353% / S −0.2122%	1h	$22K	—	100x	as long as short
Aster TIAUSDT	+0.056%	+0.0100%	4h	$26K	$276K	10x	as long as short
Hyperliquid TIA	+0.079%	+0.0100%	1h	$4.2M	$1.4M	5x	as long as short
BloFin TIA-USDTshort	+0.140%	+0.0340%	4h	$839K	$479K	75x
dYdX TIA-USD	+0.171%	+0.0858%	1h	$51K	$59	10x	as long as short
Backpack TIA_USDC_PERP	+0.207%	−0.0038%	1h	$98K	$149K	10x	as long as short
ApeX Omni TIAUSDT	+0.209%	−0.0224%	1h	$48K	$232K	50x	as long as short
Lighter TIA	+0.214%	+0.0096%	1h	$143K	$341K	10x	as long as short
HTX TIA-USDT	+0.256%	+0.0100%	4h	$73K	$18K	50x	as long as short
Coinbase International TIA-PERP-INTX	+0.349%	+0.0224%	1h	$48K	$69K	50x	as long as short
Injective TIA/USDC PERP	+0.395%	+0.0410%	1h	$27K	$61K	12x	as long as short
Variational Omni TIA	+0.555%	+0.0100%	4h	$95K	$80K	—	as long as short

TIA