Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.049%
Price spread now: Lighter against Deribit+0.132%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.132% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TIA_USDC-PERPETUAL | 0.4479 | 0 | get 0.0000% / 1h | 41m 03s | $31K | $25K | 25x |
| Short | Lighter TIA | 0.4485 | 0.0096 | get 0.0012% / 1h | 41m 03s | $194K | $469K | 10x |
Deribit TIA_USDC-PERPETUAL
Lighter TIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.16
- Price spread: +0.132% → 0.000%
- $13.17
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $26.33
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 49 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 Lighter live order book, 49 min ago | 2.14 bp | 9.7 bp −$10 | 67.9 bp −$679 | 314.4 bp −$31.4K | 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 −0.2252% / S +0.0123% | 1h | 0.4480 | +0.026% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0112% | 1h | 0.4478 | −0.017% | $354K | $224K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALlong | 0.0000% | 1h | 0.4479 | long leg | $31K | $25K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4479 | −0.002% | $1K | — | 150x | as long as short |
| OKX TIA-USDT-SWAP | +0.0035% | 4h | 0.4476 | −0.067% | $2.8M | $7.0M | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0048% | 1h | 0.4487 | +0.179% | $24K | $12K | 12x | as long as short |
| dYdX TIA-USD | +0.0072% | 1h | 0.4479 | +0.005% | $53K | $139 | 10x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4485 | +0.132% | $194K | $469K | 10x | |
| ApeX Omni TIAUSDT | +0.0098% | 1h | 0.4476 | −0.067% | $51K | $224K | 50x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4477 | −0.045% | $7K | $222K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
gTrade (Gains Network) TIA/USD
OKX TIA-USDT-SWAP
Injective TIA/USDC PERP
dYdX TIA-USD
ApeX Omni TIAUSDT
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIA | +0.0100% | 1h | 0.4485 | +0.127% | $4.9M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4478 | −0.026% | $33K | $249K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4481 | +0.045% | $14.4M | $49.1M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4477 | −0.045% | $10.2M | $14.5M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4479 | 0.000% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4479 | 0.000% | $11.8M | $14.4M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4478 | −0.022% | $4.3M | $10.1M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4475 | −0.089% | $4.4M | $4.1M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4477 | −0.045% | — | $13.6M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4480 | +0.013% | $103K | $175K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4475 | −0.095% | $137K | $79K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4479 | 0.000% | $60K | $76K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4474 | −0.104% | $57K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4477 | −0.035% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4473 | −0.126% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4476 | −0.067% | $1.7M | $783K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0416% | 1h | 0.4500 | +0.469% | $53K | $107K | 50x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX