Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.050%

Price spread now: Variational Omni against Deribit−0.162%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.162% cheaper against Deribit than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.4 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	0.4479	0	get 0.0000% / 1h	33m 39s	$31K	$25K	25x
Short	Variational Omni TIA	0.4472	0.0100	get 0.0050% / 4h	3h 33m	$137K	$79K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.162%Rate

Funding earned: $21
Price spread: −0.162% → 0.000%: −$16.16
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.16
Costs to cover: 0.070%
Break-even: 7.7 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 10 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 Variational Omni RFQ quote, 10 min ago	4.46 bp	doesn't fit	33.5 bp −$335	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 −0.2573% / S +0.0134%	1h	0.4473	−0.141%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	−0.0112%	1h	0.4479	−0.005%	$354K	$223K	50x	as long as short
ApeX Omni TIAUSDT	−0.0020%	1h	0.4484	+0.112%	$51K	$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	0.4475	−0.092%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0024%	4h	0.4458	−0.469%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4489	+0.223%	$24K	$12K	12x	as long as short
Lighter TIA	+0.0096%	1h	0.4466	−0.279%	$193K	$469K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4477	−0.045%	$7K	$219K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4466	−0.288%	$4.9M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4462	−0.389%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4458	−0.469%	$14.3M	$49.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4457	−0.491%	$10.1M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4459	−0.447%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4461	−0.402%	$11.7M	$14.4M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4457	−0.491%	$4.3M	$10.1M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4455	−0.536%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4457	−0.491%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4472	−0.165%	$103K	$174K	10x	as long as short
Variational Omni TIAshort	+0.0100%	4h	0.4472	−0.162%	$137K	$79K	—
HTX TIA-USDT	+0.0100%	4h	0.4481	+0.045%	$60K	$76K	50x	as long as short
dYdX TIA-USD	+0.0101%	1h	0.4462	−0.373%	$53K	$139	10x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4454	−0.562%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4480	+0.029%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4465	−0.305%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4472	−0.156%	$1.7M	$782K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4500	+0.469%	$53K	$107K	50x	as long as short