Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.040%

Price spread now: Aevo against KuCoin−0.069%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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. Aevo is 0.069% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 44 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4370	−0.0020	get 0.0010% / 4h	38m 37s	$4.2M	$8.7M	50x
Short	Aevo TIA-PERP	0.4367	0.0104	get 0.0013% / 1h	38m 37s	$7K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.069%Rate

Funding earned: $26.04
Price spread: −0.069% → 0.000%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.82
Costs to cover: 0.280%
Break-even: 9.4 days

Slippage unknown: KuCoin: live order book, 5 min ago; Aevo: no order-book sample. 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 KuCoin live order book, 5 min ago	2.29 bp	22.3 bp −$22	88.0 bp −$880	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4368	−0.052%	$358K	$245K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0156%	4h	0.4363	−0.160%	$2.8M	$6.0M	50x	as long as short
KuCoin TIAUSDTMlong	−0.0020%	4h	0.4370	long leg	$4.2M	$8.7M	50x
ApeX Omni TIAUSDT	−0.0011%	1h	0.4366	−0.092%	$49K	$235K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4368	−0.046%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4368	−0.051%	$1K	—	150x	as long as short
Gate TIA_USDT	+0.0070%	4h	0.4367	−0.069%	$989K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4377	+0.160%	$139K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4365	−0.114%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4377	+0.156%	$4.3M	$1.5M	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	0.4371	+0.030%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4371	+0.019%	$14.5M	$42.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4368	−0.046%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4371	+0.023%	$13.5M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4371	+0.023%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4369	−0.023%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4368	−0.057%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4364	−0.138%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4381	+0.252%	$65K	$43K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4364	−0.137%	$55K	$169K	25x	as long as short
Aevo TIA-PERPshort	+0.0104%	1h	0.4367	−0.069%	$7K	—	3x
Reya TIARUSDPERP	+0.0179%	1h	0.4365	−0.114%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.435%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4368	−0.046%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4368	−0.046%	$1.1M	$568K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4368	−0.053%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0635%	1h	0.4372	+0.057%	$52K	$59	10x	as long as short