TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0371%/8h= +40.7% APRnext payment +$0.46 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Injective−0.224%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$980.979% of the position

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now −0.224%, 7d avg −0.045%

Together, before fees−0.172%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.179% cheaper against Injective than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of −0.045%). If the spread goes back, that is −$18 on $10k: about 39 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 4 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.068% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TIA/USDC PERP	0.4374	−0.0275	get 0.0034% / 1h	51m 01s	$83K	$165K	12x
Short	Lighter TIA	0.4364	0.0096	get 0.0012% / 1h	51m 01s	$153K	$471K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.224%Rate

Funding earned: $77.99
Price spread: −0.224% → −0.045%: −$17.9
Slippage, 4 orders: −$97.85
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.78
Costs to cover: 0.979%
Break-even: 10.4 days

Slippage from Injective: live order book, 60 min ago; Lighter: live order book, 55 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 Injective live order book, 60 min ago	15.89 bp	51.5 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 55 min ago	8.51 bp	21.8 bp −$22	72.0 bp −$720	340.8 bp −$34.1K	doesn't fit

TIA on 27 exchanges

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
GMX TIA/USD [ETH-USDC]	L −0.5414% / S +0.0229%	1h	0.4366	−0.172%	$5K	—	100x	as long as short
Bybit TIAUSDT	−0.0291%	4h	0.4357	−0.389%	$9.6M	$14.4M	50x	as long as short
Injective TIA/USDC PERPlong	−0.0275%	1h	0.4374	long leg	$83K	$165K	12x
Deribit TIA_USDC-PERPETUAL	−0.0208%	1h	0.4361	−0.297%	$32K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4374	−0.011%	$1K	—	150x	as long as short
dYdX TIA-USD	+0.0046%	1h	0.4362	−0.274%	$52K	$139	10x	as long as short
Variational Omni TIA	+0.0082%	4h	0.4376	+0.055%	$102K	$100K	—	as long as short
Kraken Futures PF_TIAUSD	+0.0083%	1h	0.4363	−0.261%	$364K	$222K	50x	as long as short
Lighter TIAshort	+0.0096%	1h	0.4364	−0.224%	$153K	$471K	10x
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4359	−0.343%	$6K	$187K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4365	−0.215%	$4.6M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4363	−0.249%	$31K	$238K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4359	−0.341%	$14.0M	$48.7M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4358	−0.366%	$2.7M	$6.7M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4360	−0.320%	$999K	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4360	−0.320%	$10.5M	$14.4M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4358	−0.366%	$4.2M	$10.4M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4357	−0.389%	$4.4M	$4.2M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4359	−0.343%	—	$14.6M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4360	−0.332%	$101K	$176K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4370	−0.091%	$50K	$218K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4364	−0.229%	$58K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4357	−0.399%	$55K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4359	−0.354%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4356	−0.411%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4362	−0.274%	$1.5M	$708K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4407	+0.754%	$53K	$109K	50x	as long as short