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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.117%
Price spread now: BloFin against KuCoin+0.206%65s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$860.860% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.304%+$30 on $10k
Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.206%, 7d avg +0.034%
Together, before fees+0.255%+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.171% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TIAUSDTM0.43770.0100pay 0.0050% / 4h3h 14m$4.2M$9.3M50x
ShortBloFin TIA-USDT0.43860.0340get 0.0170% / 4h3h 14m$1.7M$719K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$50.4
Price spread: +0.206% → +0.034%
$17.12
Slippage, 4 orders
−$61.98
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$18.45
Costs to cover
0.860%
Break-even
9.6 days
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 8 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 ago2.28 bp24.1 bp −$2488.9 bp −$889doesn't fitdoesn't fit
Sell BloFin live order book, 8 min ago3.43 bp18.5 bp −$1825.5 bp −$25561.2 bp −$6,119doesn'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
ApeX Omni TIAUSDT−0.0068%1h0.4388+0.251%$50K$230K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4378+0.023%$30K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4377−0.004%$1K150xas long as short
Lighter TIA+0.0096%1h0.4384+0.149%$156K$421K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4378+0.023%$6K$253K10xas long as short
Hyperliquid TIA+0.0100%1h0.4384+0.160%$4.7M$1.4M5xas long as short
Aster TIAUSDT+0.0100%4h0.4377−0.001%$33K$242K10xas long as short
Binance TIAUSDT+0.0100%4h0.4378+0.023%$13.9M$43.7M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4376−0.023%$9.8M$13.6M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4376−0.023%$2.8M$6.3M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TIA_USDT+0.0100%4h0.43770.000%$994K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4379+0.046%$11.2M$6.5M300xas long as short
KuCoin TIAUSDTMlong+0.0100%4h0.4377long leg$4.2M$9.3M50x
Bitget TIAUSDT+0.0100%4h0.43770.000%$4.4M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.43770.000%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4378+0.023%$101K$168K10xas long as short
Variational Omni TIA+0.0100%4h0.4379+0.051%$102K$51Kas long as short
HTX TIA-USDT+0.0100%4h0.4392+0.343%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4376−0.029%$55K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.43770.000%$7K3xas long as short
Reya TIARUSDPERP+0.0181%1h0.4378+0.031%$6K15xas long as short
Injective TIA/USDC PERP+0.0271%1h0.4381+0.091%$25K$11K12xas long as short
Kraken Futures PF_TIAUSD+0.0330%1h0.4379+0.055%$358K$194K50xas long as short
BloFin TIA-USDTshort+0.0340%4h0.4386+0.206%$1.7M$719K75x
GMX TIA/USD [ETH-USDC]L +0.0360% / S −0.0613%1h0.4376−0.025%$24K100xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4371−0.137%$47K$78K50xas long as short
dYdX TIA-USD+0.0436%1h0.4384+0.163%$52K$13910xas long as short