Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.159%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$680.684% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 7 days+0.156%+$16 · spread now −0.159%, 7d avg −0.073%
Together, before fees+0.239%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 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: BingX is 0.085% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.073%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.43520.0100pay 0.0013% / 1h34m 10s$4.6M$1.5M5x
ShortBingX TIA-USDC0.43450.0100get 0.0050% / 4h1h 34m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.159% → −0.073%
−$8.55
Slippage, 4 orders
−$49.44
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$76.98
Costs to cover
0.684%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago2.29 bp14.1 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago3.45 bp23.6 bp −$2456.1 bp −$561484.5 bp −$48.5K750.1 bp −$375.1K

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4346−0.136%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4346−0.135%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0047%4h0.4343−0.205%$2.7M$6.4M50xas long as short
ApeX Omni TIAUSDT+0.0092%1h0.4354+0.048%$50K$226K50xas long as short
Lighter TIA+0.0096%1h0.43520.000%$150K$425K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4346−0.136%$7K$252K10xas long as short
Hyperliquid TIAlong+0.0100%1h0.4352long leg$4.6M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4348−0.095%$32K$247K10xas long as short
Binance TIAUSDT+0.0100%4h0.4347−0.113%$13.6M$47.5M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4346−0.136%$9.8M$14.0M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.4347−0.113%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4347−0.113%$12.9M$14.2M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4343−0.205%$4.2M$9.7M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4344−0.182%$4.3M$3.8M75xas long as short
BingX TIA-USDCshort+0.0100%4h0.4345−0.159%$6.5M
Backpack TIA_USDC_PERP+0.0100%1h0.4350−0.046%$100K$173K10xas long as short
Variational Omni TIA+0.0100%4h0.4345−0.153%$101K$51Kas long as short
HTX TIA-USDT+0.0100%4h0.4367+0.347%$58K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4341−0.251%$56K$213K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4345−0.170%$7K3xas long as short
GMX TIA/USD [ETH-USDC]L +0.0108% / S +0.0053%1h0.4349−0.056%$6K100xas long as short
Kraken Futures PF_TIAUSD+0.0146%1h0.4346−0.125%$344K$201K50xas long as short
Injective TIA/USDC PERP+0.0176%1h0.4349−0.067%$24K$11K12xas long as short
Reya TIARUSDPERP+0.0181%1h0.4343−0.207%$6K15xas long as short
BloFin TIA-USDT+0.0340%4h0.4348−0.090%$1.6M$701K75xas long as short
dYdX TIA-USD+0.0364%1h0.4349−0.064%$52K$13910xas long as short
Coinbase International TIA-PERP-INTX+0.0408%1h0.4395+0.990%$47K$87K50xas long as short