TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.3409%/8h= +373.3% APRnext payment +$4.26 per $10,000 · paid last 24h +0.437%

Price spread now: GMX against Lighter−0.218%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.218% cheaper against Lighter than usual: you would sell low and buy high (spread −0.218% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 5 hours of funding at the current rate (+$102 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4380	0.0096	pay 0.0012% / 1h	48m 35s	$140K	$359K	10x
Short	GMX TIA/USD [ETH-USDC]	0.4371	L +0.0460% / S −0.3505%	get 0.0438% / 1h	48m 35s	$36K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.218%Rate

Funding earned: $715.99
Price spread: −0.218% → 0.000%: −$21.76
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $682.23
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: Lighter: live order book, 16 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 Lighter live order book, 16 min ago	1.94 bp	21.0 bp −$21	72.5 bp −$725	305.1 bp −$30.5K	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
OKX TIA-USDT-SWAP	−0.0190%	4h	0.4370	−0.240%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4372	−0.183%	$359K	$247K	50x	as long as short
Bybit TIAUSDT	−0.0093%	4h	0.4371	−0.217%	$9.6M	$13.1M	50x	as long as short
ApeX Omni TIAUSDT	−0.0052%	1h	0.4367	−0.308%	$49K	$235K	50x	as long as short
KuCoin TIAUSDTM	−0.0048%	4h	0.4373	−0.171%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4372	−0.194%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4371	−0.213%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0075%	1h	0.4376	−0.098%	$104K	$154K	10x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4380	long leg	$140K	$359K	10x
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4371	−0.217%	$5K	$364K	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	0.4380	0.000%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4373	−0.169%	$34K	$262K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4375	−0.120%	$14.6M	$41.7M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4376	−0.103%	$982K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4376	−0.103%	$13.3M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4372	−0.194%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4373	−0.171%	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4365	−0.358%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4370	−0.240%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4370	−0.232%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4371	−0.218%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4373	−0.171%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4370	−0.231%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.194%	$51K	$77K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4370	−0.240%	$1.2M	$577K	75x	as long as short
GMX TIA/USD [ETH-USDC]short	L +0.0460% / S −0.3505%	1h	0.4371	−0.218%	$36K	—	100x
dYdX TIA-USD	+0.0734%	1h	0.4376	−0.103%	$52K	$59	10x	as long as short