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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.005%
Price spread now: Bybit against Extended−0.055%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$400.402% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.055%, 7d avg +0.032%
Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.087% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TIA-USD0.43670.0104pay 0.0013% / 1h43m 38s$42K$198K25x
ShortBybit TIAUSDT0.43650.0037get 0.0018% / 4h2h 43m$9.5M$13.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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
−$14.15
Price spread: −0.055% → +0.032%
−$8.73
Slippage, 4 orders
−$24.16
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$63.04
Costs to cover
0.402%
Break-even
never at this rate
Slippage from Extended: live order book, 23 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 23 min ago3.41 bp6.7 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago1.14 bp12.7 bp −$1333.3 bp −$333229.5 bp −$22.9Kdoesn't fit

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
ApeX Omni TIAUSDT−0.0369%1h0.4367−0.009%$49K$232K50xas long as short
OKX TIA-USDT-SWAP−0.0115%4h0.4367−0.009%$2.8M$6.0M50xas long as short
Kraken Futures PF_TIAUSD−0.0003%1h0.4371+0.083%$357K$228K50xas long as short
KuCoin TIAUSDTM−0.0002%4h0.4368+0.014%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4370+0.059%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4368+0.014%$1K150xas long as short
Bybit TIAUSDTshort+0.0037%4h0.4365−0.055%$9.5M$13.1M50x
Lighter TIA+0.0096%1h0.4372+0.114%$128K$371K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4367−0.009%$5K$341K10xas long as short
Hyperliquid TIA+0.0100%1h0.4379+0.256%$4.6M$1.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4369+0.038%$34K$240K10xas long as short
Binance TIAUSDT+0.0100%4h0.4370+0.064%$14.4M$42.1M75xas long as short
Gate TIA_USDT+0.0100%4h0.4372+0.105%$983K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4368+0.014%$12.5M$6.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4370+0.059%$4.5M$3.4M75xas long as short
BingX TIA-USDT+0.0100%4h0.4369+0.036%$99.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4371+0.087%$101K$161K10xas long as short
Variational Omni TIA+0.0100%4h0.4361−0.139%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4363−0.101%$58K$75K50xas long as short
Extended TIA-USDlong+0.0104%1h0.4367long leg$42K$198K25x
Aevo TIA-PERP+0.0104%1h0.4371+0.082%$7K3xas long as short
dYdX TIA-USD+0.0143%1h0.4372+0.112%$52K$19910xas long as short
Reya TIARUSDPERP+0.0180%1h0.4361−0.149%$6K15xas long as short
Injective TIA/USDC PERP+0.0266%1h0.4352−0.353%$26K$10K12xas long as short
Coinbase International TIA-PERP-INTX+0.0304%1h0.4377+0.220%$51K$76K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4373+0.128%$1.3M$617K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0461% / S −0.3505%1h0.4367−0.008%$36K100xas long as short