Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h +0.575%

Price spread now: GMX against KuCoin+0.079%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. GMX is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4477	0.0100	pay 0.0050% / 4h	3h 36m	$4.3M	$10.1M	50x
Short	GMX TIA/USD [ETH-USDC]	0.4481	L −0.2462% / S +0.0130%	pay 0.0016% / 1h	36m 35s	$6K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$48.26
Price spread: +0.079% → 0.000%: $7.93
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$64.34
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; GMX: 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, 2 min ago	3.34 bp	28.0 bp −$28	78.6 bp −$786	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
GMX TIA/USD [ETH-USDC]short	L −0.2462% / S +0.0130%	1h	0.4481	+0.079%	$6K	—	100x
Deribit TIA_USDC-PERPETUAL	−0.0196%	1h	0.4480	+0.067%	$31K	$25K	25x	as long as short
Kraken Futures PF_TIAUSD	−0.0112%	1h	0.4480	+0.073%	$354K	$224K	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4481	+0.087%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0024%	4h	0.4467	−0.223%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4489	+0.268%	$24K	$12K	12x	as long as short
ApeX Omni TIAUSDT	+0.0073%	1h	0.4478	+0.022%	$51K	$224K	50x	as long as short
dYdX TIA-USD	+0.0076%	1h	0.4478	+0.025%	$53K	$139	10x	as long as short
Lighter TIA	+0.0096%	1h	0.4483	+0.138%	$194K	$469K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4479	+0.045%	$7K	$222K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4484	+0.145%	$4.9M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4475	−0.045%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4472	−0.108%	$14.4M	$49.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4468	−0.201%	$10.1M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4480	+0.067%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4476	−0.022%	$11.8M	$14.4M	300x	as long as short
KuCoin TIAUSDTMlong	+0.0100%	4h	0.4477	long leg	$4.3M	$10.1M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4467	−0.223%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4473	−0.089%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4479	+0.047%	$103K	$175K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4475	−0.050%	$137K	$79K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4484	+0.156%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4469	−0.183%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4478	+0.020%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4481	+0.097%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4485	+0.179%	$1.7M	$784K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4500	+0.514%	$53K	$107K	50x	as long as short