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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.038%
Price spread now: Hyperliquid against KuCoin+0.197%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$810.807% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 7 days−0.223%−$22 · spread now +0.197%, 7d avg +0.049%
Together, before fees−0.233%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.148% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TIAUSDTM0.4306−0.0048get 0.0024% / 4h1h 58m$4.1M$8.5M50x
ShortHyperliquid TIA0.43150.0100get 0.0013% / 1h58m 56s$4.2M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$31.08
Price spread: +0.197% → +0.049%
$14.82
Slippage, 4 orders
−$59.71
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$34.81
Costs to cover
0.807%
Break-even
14.8 days
Slippage from KuCoin: live order book, 9 min ago; Hyperliquid: 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, 9 min ago3.48 bp29.9 bp −$3093.8 bp −$938doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.58 bp13.6 bp −$14doesn't fitdoesn'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−0.0230%1h0.4306−0.002%$354K$239K50xas long as short
Deribit TIA_USDC-PERPETUAL−0.0214%1h0.4310+0.093%$30K$27K25xas long as short
Gate TIA_USDT−0.0054%4h0.43060.000%$993K$1.8M75xas long as short
KuCoin TIAUSDTMlong−0.0048%4h0.4306long leg$4.1M$8.5M50x
Bybit TIAUSDT−0.0017%4h0.4304−0.046%$9.3M$13.0M50xas long as short
OKX TIA-USDT-SWAP−0.0011%4h0.4303−0.070%$2.7M$5.8M50xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4310+0.098%$1K150xas long as short
ApeX Omni TIAUSDT+0.0081%1h0.4305−0.023%$48K$236K50xas long as short
Variational Omni TIA+0.0088%4h0.4302−0.085%$101K$85Kas long as short
Lighter TIA+0.0096%1h0.4313+0.156%$127K$350K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0098%4h0.43060.000%$5K$360K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4315+0.197%$4.2M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4311+0.108%$34K$272K10xas long as short
Binance TIAUSDT+0.0100%4h0.4307+0.017%$14.0M$40.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.43060.000%$9.1M$5.4M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4305−0.023%$4.4M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4307+0.023%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4309+0.065%$100K$150K10xas long as short
HTX TIA-USDT+0.0100%4h0.4305−0.023%$64K$41K50xas long as short
Extended TIA-USD+0.0104%1h0.4304−0.056%$58K$165K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4308+0.058%$7K3xas long as short
Injective TIA/USDC PERP+0.0106%1h0.4318+0.279%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4306−0.003%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0216%1h0.4345+0.906%$48K$72K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4303−0.070%$1.0M$539K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0456% / S −0.3505%1h0.4311+0.108%$35K100xas long as short
dYdX TIA-USD+0.0783%1h0.4309+0.065%$51K$5910xas long as short