Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter−0.084%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.084%, 7d avg −0.044%

Together, before fees+0.026%+ Points / potential airdropLighter: Season 3 · farm board+$3 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: MEXC is 0.040% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4404	0.0096	pay 0.0012% / 1h	16m 06s	$156K	$408K	10x
Short	MEXC TIA_USDT	0.4400	0.0100	get 0.0050% / 4h	2h 16m	$12.4M	$6.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0.84
Price spread: −0.084% → −0.044%: −$4.04
Slippage, 4 orders: −$46.81
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$50.01
Costs to cover: 0.468%
Break-even: 423.7 days

Slippage from Lighter: live order book, 44 min ago; MEXC: live order book, 2 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, 44 min ago	2.18 bp	24.2 bp −$24	81.0 bp −$810	316.6 bp −$31.7K	doesn't fit
Sell MEXC live order book, 2 min ago	1.14 bp	5.1 bp −$5	9.2 bp −$92	64.5 bp −$6,449	121.0 bp −$60.5K

TIA on 26 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	−0.0070%	1h	0.4399	−0.107%	$50K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0059%	4h	0.4398	−0.129%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4398	−0.139%	$359K	$213K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4397	−0.152%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4398	−0.130%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0010%	4h	0.4393	−0.243%	$4.2M	$8.9M	50x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4404	long leg	$156K	$408K	10x
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4395	−0.198%	$5K	$318K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4406	+0.064%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4398	−0.127%	$32K	$245K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4399	−0.106%	$14.4M	$42.6M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4396	−0.175%	$9.5M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4399	−0.107%	$990K	$1.8M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4400	−0.084%	$12.4M	$6.8M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4398	−0.129%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4398	−0.129%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4400	−0.073%	$102K	$159K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4392	−0.261%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4399	−0.107%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4392	−0.255%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4395	−0.190%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4395	−0.202%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0206%	1h	0.4397	−0.147%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.166%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4404	+0.007%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0464% / S −0.3505%	1h	0.4398	−0.126%	$36K	—	100x	as long as short