Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: ApeX Omni against Hyperliquid+0.298%84s7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.577% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.298%, 7d avg −0.063%

Together, before fees+0.167%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.361% dearer against Hyperliquid than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.063%. The two prices were read 84 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	Hyperliquid TIA	0.4432	0.0100	pay 0.0013% / 1h	12m 07s	$4.7M	$1.6M	5x
Short	ApeX Omni TIAUSDT	0.4445	0.0100	get 0.0013% / 1h	12m 07s	$50K	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now +0.298%Rate

Funding earned: $0
Price spread: +0.298% → −0.063%: $36.13
Slippage, 4 orders: −$38.68
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.55
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; ApeX Omni: live order book, 49 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 Hyperliquid live order book, 10 min ago	0.56 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 49 min ago	6.80 bp	14.7 bp −$15	109.2 bp −$1,092	doesn't fit	doesn't fit

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
Bybit TIAUSDT	−0.0070%	4h	0.4421	−0.244%	$9.7M	$13.5M	50x	as long as short
KuCoin TIAUSDTM	−0.0010%	4h	0.4425	−0.153%	$4.3M	$9.0M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4429	−0.063%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4430	−0.044%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0020%	4h	0.4430	−0.049%	$104K	$85K	—	as long as short
Kraken Futures PF_TIAUSD	+0.0074%	1h	0.4433	+0.016%	$362K	$204K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4434	+0.043%	$156K	$416K	10x	as long as short
Hyperliquid TIAlong	+0.0100%	1h	0.4432	long leg	$4.7M	$1.6M	5x
Aster TIAUSDT	+0.0100%	4h	0.4434	+0.040%	$32K	$246K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4426	−0.131%	$14.6M	$42.9M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4421	−0.244%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4427	−0.108%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4426	−0.131%	$12.2M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4424	−0.176%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4424	−0.176%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4426	−0.131%	$102K	$154K	10x	as long as short
ApeX Omni TIAUSDTshort	+0.0100%	1h	0.4445	+0.298%	$50K	$231K	50x
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4427	−0.108%	$5K	$304K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4433	+0.027%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4424	−0.168%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4428	−0.088%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4425	−0.158%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0208%	1h	0.4432	+0.007%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4434	+0.050%	$553K	$719K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4443	+0.253%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0495% / S −0.1196%	1h	0.4430	−0.049%	$41K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4435	+0.072%	$26K	$10K	12x	as long as short