Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%

Price spread now: Gate against Lighter−0.105%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.105%, 7d avg −0.071%

Together, before fees−0.164%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.034% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4384	0.0096	pay 0.0012% / 1h	30m 07s	$140K	$359K	10x
Short	Gate TIA_USDT	0.4379	0.0100	get 0.0050% / 4h	3h 30m	$982K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now −0.105%Rate

Funding earned: $0.84
Price spread: −0.105% → −0.071%: −$3.37
Slippage, 4 orders: −$74.77
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.31
Costs to cover: 0.898%
Break-even: 776.2 days

Slippage from Lighter: live order book, 35 min ago; Gate: live order book, 3 min ago.

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, 35 min ago	1.94 bp	21.0 bp −$21	72.5 bp −$725	305.1 bp −$30.5K	doesn't fit
Sell Gate live order book, 3 min ago	4.57 bp	29.3 bp −$29	70.8 bp −$708	doesn't fit	doesn't fit

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
OKX TIA-USDT-SWAP	−0.0171%	4h	0.4375	−0.196%	$2.8M	$5.9M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4380	−0.071%	$360K	$232K	50x	as long as short
KuCoin TIAUSDTM	−0.0032%	4h	0.4376	−0.173%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4379	−0.105%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4379	−0.102%	$1K	—	150x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4384	long leg	$140K	$359K	10x
ApeX Omni TIAUSDT	+0.0098%	1h	0.4376	−0.173%	$49K	$235K	50x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4378	−0.128%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4384	+0.002%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4380	−0.087%	$34K	$249K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4378	−0.128%	$14.6M	$41.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4374	−0.219%	$9.6M	$12.8M	50x	as long as short
Gate TIA_USDTshort	+0.0100%	4h	0.4379	−0.105%	$982K	$1.8M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4378	−0.128%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4378	−0.128%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4377	−0.151%	—	$98.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4377	−0.139%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4378	−0.132%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4382	−0.036%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4375	−0.206%	$54K	$170K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4377	−0.157%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4382	−0.036%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4375	−0.199%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.123%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4380	−0.082%	$1.2M	$578K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4378	−0.132%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0958%	1h	0.4380	−0.082%	$52K	$59	10x	as long as short