Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.101%

Price spread now: BloFin against gTrade (Gains Network)−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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. BloFin is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4387	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	15m 14s	$1K	—	150x
Short	BloFin TIA-USDT	0.4386	0.0340	get 0.0170% / 4h	3h 15m	$1.7M	$719K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $70.89
Price spread: −0.021% → 0.000%: −$2.05
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $46.84
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 7 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	3.43 bp	18.5 bp −$18	25.5 bp −$255	61.2 bp −$6,119	doesn't fit

gTrade (Gains Network): 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
ApeX Omni TIAUSDT	−0.0068%	1h	0.4388	+0.025%	$50K	$230K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4385	−0.043%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4387	long leg	$1K	—	150x
Lighter TIA	+0.0096%	1h	0.4390	+0.059%	$156K	$420K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4384	−0.066%	$6K	$250K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4390	+0.064%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4384	−0.077%	$33K	$242K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4383	−0.092%	$13.9M	$43.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4382	−0.112%	$9.8M	$13.6M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4380	−0.157%	$2.8M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4386	−0.021%	$996K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4384	−0.066%	$11.2M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4385	−0.043%	$4.2M	$9.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4382	−0.112%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4382	−0.112%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4382	−0.119%	$101K	$167K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4379	−0.175%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4387	+0.002%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4380	−0.157%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4383	−0.089%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4381	−0.127%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0271%	1h	0.4381	−0.134%	$25K	$11K	12x	as long as short
Kraken Futures PF_TIAUSD	+0.0330%	1h	0.4385	−0.038%	$358K	$193K	50x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4386	−0.021%	$1.7M	$719K	75x
GMX TIA/USD [ETH-USDC]	L +0.0360% / S −0.0613%	1h	0.4386	−0.021%	$24K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4397	+0.230%	$49K	$78K	50x	as long as short
dYdX TIA-USD	+0.0446%	1h	0.4384	−0.063%	$52K	$139	10x	as long as short