Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.051%
Price spread now: Deribit against Lighter−0.060%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.060% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TIA | 0.4358 | 0.0096 | pay 0.0012% / 1h | 53m 57s | $150K | $424K | 10x |
| Short | Deribit TIA_USDC-PERPETUAL | 0.4355 | 0 | get 0.0000% / 1h | 53m 57s | $30K | $25K | 25x |
Lighter TIA
Deribit TIA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.16
- Price spread: −0.060% → 0.000%
- −$5.97
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$33.13
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 46 min ago; Deribit: 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 Lighter live order book, 46 min ago | 2.20 bp | 29.3 bp −$29 | 94.1 bp −$941 | 351.8 bp −$35.2K | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TIAUSDT | −0.0071% | 1h | 0.4367 | +0.216% | $50K | $227K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALshort | 0.0000% | 1h | 0.4355 | −0.060% | $30K | $25K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4355 | −0.061% | $1K | — | 150x | as long as short |
| OKX TIA-USDT-SWAP | +0.0077% | 4h | 0.4351 | −0.151% | $2.7M | $6.5M | 50x | as long as short |
| dYdX TIA-USD | +0.0089% | 1h | 0.4352 | −0.126% | $52K | $139 | 10x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4358 | long leg | $150K | $424K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4353 | −0.106% | $7K | $260K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4359 | +0.028% | $4.6M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4355 | −0.053% | $32K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4353 | −0.106% | $13.6M | $47.6M | 75x | as long as short |
ApeX Omni TIAUSDT
gTrade (Gains Network) TIA/USD
OKX TIA-USDT-SWAP
dYdX TIA-USD
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | +0.0100% | 4h | 0.4353 | −0.106% | $9.8M | $14.0M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4355 | −0.060% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4353 | −0.106% | $13.1M | $14.1M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4351 | −0.151% | $4.2M | $9.7M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4352 | −0.129% | $4.4M | $3.9M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4352 | −0.129% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4353 | −0.096% | $101K | $172K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4360 | +0.061% | $102K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4353 | −0.106% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4350 | −0.167% | $55K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4353 | −0.117% | $7K | — | 3x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0141% / S +0.0052% | 1h | 0.4354 | −0.085% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0146% | 1h | 0.4355 | −0.066% | $345K | $203K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0176% | 1h | 0.4368 | +0.239% | $25K | $11K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4350 | −0.172% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4358 | +0.009% | $1.6M | $703K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0408% | 1h | 0.4395 | +0.858% | $47K | $87K | 50x | as long as short |
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
Injective TIA/USDC PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX