Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h +0.024%

Price spread now: Variational Omni against Injective+0.203%106s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.203% dearer against Injective than usual: you sell high and buy low (spread +0.203% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.1 days. The two prices were read 106 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	Injective TIA/USDC PERP	0.4352	0.0266	pay 0.0033% / 1h	47m 23s	$26K	$10K	12x
Short	Variational Omni TIA	0.4361	0.0100	get 0.0050% / 4h	2h 47m	$102K	$84K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.203%Rate

Funding earned: −$34.87
Price spread: +0.203% → 0.000%: $20.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.62
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 32 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 Variational Omni RFQ quote, 32 min ago	4.56 bp	doesn't fit	34.2 bp −$342	doesn't fit	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
ApeX Omni TIAUSDT	−0.0332%	1h	0.4371	+0.437%	$49K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0112%	4h	0.4364	+0.276%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4369	+0.397%	$359K	$226K	50x	as long as short
KuCoin TIAUSDTM	−0.0002%	4h	0.4368	+0.368%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4367	+0.345%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4372	+0.457%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0050%	4h	0.4368	+0.368%	$9.5M	$13.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4372	+0.464%	$139K	$360K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4368	+0.368%	$5K	$344K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4375	+0.526%	$4.6M	$1.6M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4372	+0.462%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4370	+0.414%	$14.4M	$42.1M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4372	+0.460%	$982K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4371	+0.437%	$12.6M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4369	+0.391%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4369	+0.391%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4369	+0.391%	$102K	$160K	10x	as long as short
Variational Omni TIAshort	+0.0100%	4h	0.4361	+0.203%	$102K	$84K	—
HTX TIA-USDT	+0.0100%	4h	0.4380	+0.643%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4368	+0.365%	$49K	$189K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4368	+0.368%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0106%	1h	0.4371	+0.443%	$52K	$199	10x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4365	+0.296%	$6K	—	15x	as long as short
Injective TIA/USDC PERPlong	+0.0266%	1h	0.4352	long leg	$26K	$10K	12x
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4377	+0.574%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4373	+0.483%	$1.3M	$617K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0462% / S −0.3505%	1h	0.4372	+0.456%	$36K	—	100x	as long as short