Settings8H · net · $10k
Funding arb · Price arb /

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0249%/8h= −27.2% APRpaid last 24h −0.129%
Price spread now: BloFin against dYdX−0.100%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.286%−$29 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.100% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX TIA-USD0.43720.0589pay 0.0074% / 1h52m 05s$52K$5910x
ShortBloFin TIA-USDT0.43680.0340get 0.0170% / 4h3h 52m$1.2M$577K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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

Funding earned
−$52.26
Price spread: −0.100% → 0.000%
−$10.04
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$84.3
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell BloFin live order book, 5 min ago2.29 bp16.2 bp −$1622.9 bp −$22952.6 bp −$5,255doesn't fit
dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT−0.0325%4h0.4361−0.260%$9.6M$13.1M50xas long as short
ApeX Omni TIAUSDT−0.0325%1h0.4375+0.060%$49K$234K50xas long as short
OKX TIA-USDT-SWAP−0.0196%4h0.4361−0.260%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0153%1h0.4366−0.149%$359K$247K50xas long as short
KuCoin TIAUSDTM−0.0054%4h0.4360−0.283%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4365−0.169%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4371−0.027%$1K150xas long as short
Backpack TIA_USDC_PERP+0.0007%1h0.4365−0.178%$103K$154K10xas long as short
Lighter TIA+0.0096%1h0.4370−0.055%$139K$359K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4365−0.169%$5K$364K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4371−0.034%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4362−0.237%$34K$262K10xas long as short
Binance TIAUSDT+0.0100%4h0.4365−0.169%$14.5M$41.9M75xas long as short
Gate TIA_USDT+0.0100%4h0.4365−0.169%$979K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4365−0.169%$13.2M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4363−0.215%$4.5M$3.4M75xas long as short
BingX TIA-USDT+0.0100%4h0.4364−0.192%$99.1Mas long as short
Variational Omni TIA+0.0100%4h0.4372−0.011%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4370−0.055%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4360−0.281%$55K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4366−0.149%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4375+0.060%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4367−0.126%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4389+0.380%$51K$77K50xas long as short
BloFin TIA-USDTshort+0.0340%4h0.4368−0.100%$1.2M$577K75x
GMX TIA/USD [ETH-USDC]L +0.0460% / S −0.3505%1h0.4371−0.029%$36K100xas long as short
dYdX TIA-USDlong+0.0589%1h0.4372long leg$52K$5910x