Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.023%

Price spread now: Reya against HTX−0.135%73s7-day average — · you buy dearer than you sell

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

Long on HTX Short on Reya

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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.135% cheaper against HTX than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.5 days of funding at the current rate (+$2 a day). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TIA-USDT	0.4348	0.0100	pay 0.0050% / 4h	1h 27m	$58K	$73K	50x
Short	Reya TIARUSDPERP	0.4342	0.0181	get 0.0023% / 1h	27m 59s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now −0.135%Rate

Funding earned: $17.07
Price spread: −0.135% → 0.000%: −$13.51
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$14.44
Costs to cover: 0.180%
Break-even: 12.9 days

Slippage unknown: HTX: no order-book sample; Reya: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

HTX and Reya: 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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4347	−0.023%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4347	−0.022%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0047%	4h	0.4346	−0.046%	$2.7M	$6.4M	50x	as long as short
ApeX Omni TIAUSDT	+0.0090%	1h	0.4346	−0.046%	$50K	$226K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4352	+0.094%	$150K	$425K	10x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0096% / S +0.0053%	1h	0.4347	−0.015%	$6K	—	100x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4346	−0.046%	$7K	$252K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4354	+0.133%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4349	+0.023%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4349	+0.023%	$13.6M	$47.5M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	+0.0100%	4h	0.4347	−0.023%	$9.8M	$13.9M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4348	0.000%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4348	0.000%	$12.9M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4346	−0.046%	$4.2M	$9.8M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4347	−0.023%	$4.3M	$3.8M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4346	−0.046%	—	$103.2M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4348	−0.007%	$100K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4349	+0.017%	$101K	$51K	—	as long as short
HTX TIA-USDTlong	+0.0100%	4h	0.4348	long leg	$58K	$73K	50x
Extended TIA-USD	+0.0104%	1h	0.4343	−0.115%	$56K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4345	−0.066%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4347	−0.013%	$345K	$204K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4355	+0.161%	$24K	$11K	12x	as long as short
Reya TIARUSDPERPshort	+0.0181%	1h	0.4342	−0.135%	$6K	—	15x
BloFin TIA-USDT	+0.0340%	4h	0.4345	−0.069%	$1.6M	$701K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+1.081%	$47K	$87K	50x	as long as short
dYdX TIA-USD	+0.0420%	1h	0.4350	+0.051%	$52K	$139	10x	as long as short