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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h +0.032%
Price spread now: Lighter against KuCoin+0.081%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$830.826% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.081%, 7d avg +0.071%
Together, before fees+0.049%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TIAUSDTM0.43160.0046pay 0.0023% / 4h23m 39s$4.2M$8.9M50x
ShortLighter TIA0.43200.0096get 0.0012% / 1h23m 39s$122K$369K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$10.5
Price spread: +0.081% → +0.071%
$1.03
Slippage, 4 orders
−$70.61
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$71.07
Costs to cover
0.826%
Break-even
54.4 days
Slippage from KuCoin: live order book, 9 min ago; Lighter: live order book, 4 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 ago2.32 bp27.9 bp −$2892.0 bp −$920doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago1.97 bp11.5 bp −$1187.6 bp −$876332.9 bp −$33.3Kdoesn'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−0.0406%1h0.4324+0.189%$361K$233K50xas long as short
Backpack TIA_USDC_PERP−0.0201%1h0.4323+0.153%$99K$153K10xas long as short
Gate TIA_USDT−0.0094%4h0.4317+0.023%$987K$1.8M75xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4326+0.232%$36K$22K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4327+0.255%$1K150xas long as short
ApeX Omni TIAUSDT+0.0018%1h0.4309−0.162%$48K$233K50xas long as short
KuCoin TIAUSDTMlong+0.0046%4h0.4316long leg$4.2M$8.9M50x
OKX TIA-USDT-SWAP+0.0073%4h0.43160.000%$2.7M$5.7M50xas long as short
Lighter TIAshort+0.0096%1h0.4320+0.081%$122K$369K10x
Orderly PERP_TIA_USDC+0.0100%4h0.4323+0.162%$5K$357K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4321+0.125%$4.2M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4321+0.106%$30K$266K10xas long as short
Binance TIAUSDT+0.0100%4h0.4315−0.023%$14.1M$40.4M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4314−0.046%$9.4M$12.5M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4315−0.023%$9.2M$5.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4314−0.046%$4.4M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4314−0.046%$6.5Mas long as short
Variational Omni TIA+0.0100%4h0.4310−0.128%$95K$74Kas long as short
HTX TIA-USDT+0.0100%4h0.4322+0.139%$74K$15K50xas long as short
Extended TIA-USD+0.0104%1h0.4319+0.063%$88K$150K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4324+0.178%$7K3xas long as short
Injective TIA/USDC PERP+0.0133%1h0.4315−0.023%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0178%1h0.4322+0.149%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0272%1h0.4332+0.371%$49K$69K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4322+0.139%$923K$464K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0395% / S −0.2692%1h0.4327+0.263%$28K100xas long as short
dYdX TIA-USD+0.0699%1h0.4322+0.139%$51K$5910xas long as short