Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0620%/8h= −67.9% APRpaid last 24h −0.007%

Price spread now: ApeX Omni against Gate−0.317%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)+1.295%+$130 · spread now −0.317%, 7d avg +0.026%

Together, before fees+1.400%+$140 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and ApeX Omni is 0.343% cheaper against Gate than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TIA_USDT	0.4414	0.0100	pay 0.0050% / 4h	1h 52m	$993K	$1.8M	75x
Short	ApeX Omni TIAUSDT	0.4400	−0.0520	pay 0.0065% / 1h	52m 59s	$50K	$233K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.317%Rate

Funding earned: −$130.18
Price spread: −0.317% → +0.026%: −$34.35
Slippage, 4 orders: −$62.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$252.24
Costs to cover: 0.877%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 8 min ago.

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 Gate live order book, 5 min ago	3.41 bp	26.2 bp −$26	72.9 bp −$729	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	6.80 bp	14.7 bp −$15	109.2 bp −$1,092	doesn't fit	doesn't fit

TIA on 26 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 TIAUSDTshort	−0.0520%	1h	0.4400	−0.317%	$50K	$233K	50x
OKX TIA-USDT-SWAP	−0.0006%	4h	0.4414	0.000%	$2.8M	$6.1M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4413	−0.023%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4412	−0.047%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0004%	4h	0.4409	−0.113%	$4.2M	$8.9M	50x	as long as short
Backpack TIA_USDC_PERP	+0.0032%	1h	0.4412	−0.048%	$104K	$151K	10x	as long as short
Bybit TIAUSDT	+0.0057%	4h	0.4411	−0.068%	$9.6M	$13.3M	50x	as long as short
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4412	−0.044%	$361K	$208K	50x	as long as short
dYdX TIA-USD	+0.0083%	1h	0.4409	−0.108%	$52K	$199	10x	as long as short
Lighter TIA	+0.0096%	1h	0.4418	+0.088%	$156K	$412K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4411	−0.068%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4421	+0.163%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4410	−0.094%	$32K	$244K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4416	+0.049%	$14.5M	$42.7M	75x	as long as short
Gate TIA_USDTlong	+0.0100%	4h	0.4414	long leg	$993K	$1.8M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4412	−0.045%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4415	+0.023%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4414	0.000%	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4427	+0.289%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4427	+0.295%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4414	−0.002%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4412	−0.045%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4403	−0.254%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4430	+0.362%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0487% / S −0.1160%	1h	0.4411	−0.061%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4410	−0.091%	$26K	$10K	12x	as long as short