Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0223%/8h= +24.5% APRpaid last 24h +0.105%

Price spread now: BloFin against Injective−0.023%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.023% cheaper against Injective than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TIA/USDC PERP	0.4383	0.0117	pay 0.0015% / 1h	26m 35s	$27K	$10K	12x
Short	BloFin TIA-USDT	0.4382	0.0340	get 0.0170% / 4h	3h 26m	$1.2M	$578K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $46.92
Price spread: −0.023% → 0.000%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $32.62
Costs to cover: 0.120%
Break-even: 2.1 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 1 min ago	1.14 bp	9.2 bp −$9	18.0 bp −$180	60.4 bp −$6,044	doesn't fit

Injective: 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
OKX TIA-USDT-SWAP	−0.0163%	4h	0.4387	+0.091%	$2.8M	$5.9M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0152%	1h	0.4385	+0.042%	$360K	$225K	50x	as long as short
KuCoin TIAUSDTM	−0.0028%	4h	0.4380	−0.068%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4383	0.000%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4383	−0.008%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4389	+0.144%	$140K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4382	−0.023%	$5K	$362K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4388	+0.119%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4383	−0.002%	$34K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4389	+0.136%	$14.6M	$41.1M	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	0.4387	+0.091%	$9.6M	$12.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4389	+0.137%	$987K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4385	+0.046%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4389	+0.137%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4386	+0.068%	—	$98.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4382	−0.027%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4378	−0.118%	$102K	$84K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4375	−0.183%	$49K	$235K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4381	−0.046%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4385	+0.046%	$55K	$173K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4382	−0.023%	$7K	—	3x	as long as short
Injective TIA/USDC PERPlong	+0.0117%	1h	0.4383	long leg	$27K	$10K	12x
Reya TIARUSDPERP	+0.0179%	1h	0.4381	−0.048%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.137%	$51K	$75K	50x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4382	−0.023%	$1.2M	$578K	75x
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4383	+0.003%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.1014%	1h	0.4385	+0.046%	$52K	$59	10x	as long as short