Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.037%

Price spread now: Gate against Deribit−0.156%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 Gate

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. Gate is 0.156% cheaper against Deribit than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.2 days 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	0.4481	0	get 0.0000% / 1h	58m 31s	$31K	$21K	25x
Short	Gate TIA_USDT	0.4474	0.0100	get 0.0050% / 4h	2h 58m	$1.0M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.156%Rate

Funding earned: $21
Price spread: −0.156% → 0.000%: −$15.62
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.62
Costs to cover: 0.220%
Break-even: 12.5 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	4.45 bp	33.8 bp −$34	81.6 bp −$816	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
GMX TIA/USD [ETH-USDC]	L −0.3914% / S +0.0179%	1h	0.4501	+0.438%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0167%	1h	0.4478	−0.064%	$353K	$198K	50x	as long as short
dYdX TIA-USD	0.0000%	1h	0.4478	−0.072%	$53K	$139	10x	as long as short
Deribit TIA_USDC-PERPETUALlong	0.0000%	1h	0.4481	long leg	$31K	$21K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4497	+0.351%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0035%	1h	0.4480	−0.025%	$103K	$171K	10x	as long as short
Injective TIA/USDC PERP	+0.0079%	1h	0.4518	+0.826%	$81K	$157K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0086%	4h	0.4473	−0.179%	$2.8M	$7.0M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4483	+0.045%	$194K	$435K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4480	−0.022%	$7K	$206K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4483	+0.054%	$4.9M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4475	−0.134%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4475	−0.134%	$14.5M	$49.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4473	−0.179%	$10.1M	$14.5M	50x	as long as short
Gate TIA_USDTshort	+0.0100%	4h	0.4474	−0.156%	$1.0M	$1.7M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4474	−0.156%	$10.9M	$14.3M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4472	−0.201%	$4.3M	$10.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4474	−0.156%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4472	−0.201%	—	$14.7M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4493	+0.260%	$138K	$78K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4497	+0.357%	$52K	$224K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4489	+0.179%	$60K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4470	−0.239%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4480	−0.025%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4483	+0.050%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4492	+0.245%	$1.7M	$768K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4521	+0.893%	$54K	$99K	50x	as long as short