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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.045%
Price spread now: Bitget against KuCoin0.000%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$810.806% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 7 days−0.005%$0 · spread now 0.000%, 7d avg −0.045%
Together, before fees+0.049%+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.045% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TIAUSDTM0.4394−0.0010get 0.0005% / 4h3h 04m$4.2M$8.8M50x
ShortBitget TIAUSDT0.43940.0100get 0.0050% / 4h3h 04m$4.5M$3.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$23.1
Price spread: 0.000% → −0.045%
$4.54
Slippage, 4 orders
−$56.55
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$52.91
Costs to cover
0.806%
Break-even
23.0 days
Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 3 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 KuCoin live order book, 4 min ago2.27 bp28.2 bp −$28101.9 bp −$1,019doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago1.14 bp13.9 bp −$1430.1 bp −$301doesn'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−0.0152%1h0.4396+0.052%$361K$225K50xas long as short
OKX TIA-USDT-SWAP−0.0140%4h0.43940.000%$2.8M$5.9M50xas long as short
KuCoin TIAUSDTMlong−0.0010%4h0.4394long leg$4.2M$8.8M50x
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4393−0.023%$31K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4392−0.045%$1K150xas long as short
Lighter TIA+0.0096%1h0.4404+0.230%$140K$360K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4392−0.046%$5K$363K10xas long as short
Hyperliquid TIA+0.0100%1h0.4403+0.209%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4400+0.140%$34K$240K10xas long as short
Binance TIAUSDT+0.0100%4h0.4397+0.066%$14.7M$41.3M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT+0.0100%4h0.4393−0.023%$9.6M$12.9M50xas long as short
Gate TIA_USDT+0.0100%4h0.4397+0.068%$988K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4398+0.091%$13.0M$6.8M300xas long as short
Bitget TIAUSDTshort+0.0100%4h0.43940.000%$4.5M$3.1M75x
BingX TIA-USDC+0.0100%4h0.4396+0.046%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4392−0.039%$102K$154K10xas long as short
Variational Omni TIA+0.0100%4h0.4386−0.189%$103K$84Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4412+0.410%$50K$233K50xas long as short
HTX TIA-USDT+0.0100%4h0.4393−0.023%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4391−0.069%$55K$184K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4391−0.061%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4409+0.341%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4389−0.120%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4422+0.637%$52K$76K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4391−0.068%$1.3M$602K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0461% / S −0.3505%1h0.4392−0.052%$36K100xas long as short
dYdX TIA-USD+0.0827%1h0.4399+0.117%$52K$19910xas long as short