Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0356%/8h= −38.9% APRpaid last 24h +0.010%

Price spread now: Aster against GMX+0.033%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.033% dearer against GMX than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TIA/USD [ETH-USDC]	0.4302	L +0.0456% / S −0.3505%	pay 0.0057% / 1h	4m 08s	$35K	—	100x
Short	Aster TIAUSDT	0.4303	0.0100	get 0.0050% / 4h	2h 04m	$34K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$74.68
Price spread: +0.033% → 0.000%: $3.32
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 18 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 18 min ago	4.61 bp	35.7 bp −$36	doesn't fit	doesn't fit	doesn't fit

GMX: 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 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
Kraken Futures PF_TIAUSD	−0.0391%	1h	0.4304	+0.044%	$354K	$239K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0215%	1h	0.4302	+0.001%	$30K	$27K	25x	as long as short
Gate TIA_USDT	−0.0082%	4h	0.4298	−0.092%	$991K	$1.8M	75x	as long as short
KuCoin TIAUSDTM	−0.0064%	4h	0.4300	−0.045%	$4.1M	$8.5M	50x	as long as short
OKX TIA-USDT-SWAP	−0.0019%	4h	0.4301	−0.022%	$2.7M	$5.8M	50x	as long as short
Bybit TIAUSDT	+0.0006%	4h	0.4297	−0.115%	$9.3M	$13.0M	50x	as long as short
ApeX Omni TIAUSDT	+0.0053%	1h	0.4315	+0.304%	$49K	$237K	50x	as long as short
Variational Omni TIA	+0.0087%	4h	0.4300	−0.038%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4305	+0.069%	$127K	$353K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4301	−0.022%	$5K	$360K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4306	+0.099%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDTshort	+0.0100%	4h	0.4303	+0.033%	$34K	$272K	10x
Binance TIAUSDT	+0.0100%	4h	0.4303	+0.025%	$14.0M	$40.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4300	−0.045%	$9.0M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4299	−0.068%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4300	−0.045%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4302	+0.006%	$100K	$151K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4303	+0.025%	$63K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4298	−0.091%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4301	−0.010%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4297	−0.118%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4345	+1.001%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4318	+0.373%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4300	−0.045%	$1.0M	$539K	75x	as long as short
GMX TIA/USD [ETH-USDC]long	L +0.0456% / S −0.3505%	1h	0.4302	long leg	$35K	—	100x
dYdX TIA-USD	+0.0752%	1h	0.4303	+0.020%	$51K	$59	10x	as long as short