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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Hyperliquid−0.220%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$390.392% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.220%, 7d avg −0.155%
Together, before fees−0.061%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$6 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: Extended is 0.064% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.155%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TIA0.43460.0100pay 0.0013% / 1h22m 22s$4.2M$1.5M5x
ShortExtended TIA-USD0.43360.0104get 0.0013% / 1h22m 22s$58K$169K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.220% → −0.155%
−$6.42
Slippage, 4 orders
−$25.25
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$44.83
Costs to cover
0.392%
Break-even
380.6 days
Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 63 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, 9 min ago0.93 bp12.1 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 63 min ago3.47 bp6.8 bp −$7doesn't fitdoesn't fitdoesn't fit

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
Kraken Futures PF_TIAUSD−0.0388%1h0.4339−0.150%$357K$239K50xas long as short
Deribit TIA_USDC-PERPETUAL−0.0211%1h0.4337−0.202%$30K$27K25xas long as short
Bybit TIAUSDT−0.0154%4h0.4336−0.226%$9.4M$13.0M50xas long as short
ApeX Omni TIAUSDT−0.0079%1h0.4329−0.387%$49K$235K50xas long as short
Gate TIA_USDT−0.0030%4h0.4337−0.202%$1.0M$1.8M75xas long as short
OKX TIA-USDT-SWAP−0.0029%4h0.4335−0.249%$2.7M$5.8M50xas long as short
KuCoin TIAUSDTM−0.0008%4h0.4337−0.202%$4.2M$8.6M50xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4341−0.110%$1K150xas long as short
Variational Omni TIA+0.0039%4h0.4337−0.194%$101K$85Kas long as short
Lighter TIA+0.0096%1h0.4344−0.044%$128K$353K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0099%4h0.4339−0.156%$5K$360K10xas long as short
Hyperliquid TIAlong+0.0100%1h0.4346long leg$4.2M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4339−0.164%$35K$272K10xas long as short
Binance TIAUSDT+0.0100%4h0.4339−0.156%$14.1M$41.1M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4340−0.133%$9.1M$5.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4336−0.226%$4.5M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4339−0.156%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4339−0.154%$103K$150K10xas long as short
HTX TIA-USDT+0.0100%4h0.4331−0.341%$68K$28K50xas long as short
Extended TIA-USDshort+0.0104%1h0.4336−0.220%$58K$169K25x
Aevo TIA-PERP+0.0104%1h0.4338−0.177%$7K3xas long as short
Reya TIARUSDPERP+0.0178%1h0.4336−0.217%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0200%1h0.4344−0.041%$48K$72K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4344−0.041%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4340−0.133%$1.0M$543K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0457% / S −0.3505%1h0.4341−0.109%$35K100xas long as short
dYdX TIA-USD+0.0853%1h0.4339−0.158%$52K$5910xas long as short