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−0.0058%/8hpaid last 24h −0.032%
Price spread now: KuCoin against Lighter−0.150%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as 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)+0.003%$0 · spread now −0.150%, 7d avg −0.071%
Together, before fees+0.020%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.080% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TIA0.43200.0096pay 0.0012% / 1h23m 25s$122K$369K10x
ShortKuCoin TIAUSDTM0.43130.0038get 0.0019% / 4h23m 25s$4.1M$8.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$12.18
Price spread: −0.150% → −0.071%
−$7.97
Slippage, 4 orders
−$70.61
Fee Lighter: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$102.76
Costs to cover
0.826%
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; KuCoin: live order book, 9 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 Lighter live order book, 4 min ago1.97 bp22.9 bp −$2377.8 bp −$778316.0 bp −$31.6Kdoesn't fit
Sell KuCoin live order book, 9 min ago2.32 bp20.4 bp −$2080.6 bp −$806doesn'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−0.0406%1h0.4320+0.003%$361K$233K50xas long as short
Backpack TIA_USDC_PERP−0.0201%1h0.4323+0.072%$99K$153K10xas long as short
Gate TIA_USDT−0.0104%4h0.4316−0.081%$986K$1.8M75xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4320+0.012%$36K$22K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4320+0.012%$1K150xas long as short
ApeX Omni TIAUSDT+0.0034%1h0.4315−0.104%$48K$233K50xas long as short
KuCoin TIAUSDTMshort+0.0038%4h0.4313−0.150%$4.1M$8.9M50x
OKX TIA-USDT-SWAP+0.0076%4h0.4316−0.081%$2.7M$5.7M50xas long as short
Lighter TIAlong+0.0096%1h0.4320long leg$122K$369K10x
Orderly PERP_TIA_USDC+0.0100%4h0.4318−0.035%$5K$357K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4321+0.046%$4.2M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4319−0.012%$30K$266K10xas long as short
Binance TIAUSDT+0.0100%4h0.4319−0.012%$14.1M$40.4M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4318−0.035%$9.4M$12.5M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4316−0.081%$9.2M$5.7M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4316−0.081%$4.4M$3.5M75xas long as short
BingX TIA-USDC+0.0100%4h0.4317−0.058%$6.5Mas long as short
Variational Omni TIA+0.0100%4h0.4310−0.209%$95K$74Kas long as short
HTX TIA-USDT+0.0100%4h0.4322+0.058%$74K$15K50xas long as short
Extended TIA-USD+0.0104%1h0.4317−0.047%$88K$150K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4319−0.012%$7K3xas long as short
Injective TIA/USDC PERP+0.0133%1h0.4323+0.081%$26K$10K12xas long as short
Reya TIARUSDPERP+0.0178%1h0.4315−0.103%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0272%1h0.4332+0.289%$49K$69K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4322+0.058%$923K$464K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0395% / S −0.2692%1h0.4319−0.004%$27K100xas long as short
dYdX TIA-USD+0.0699%1h0.4322+0.058%$51K$5910xas long as short