Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.025%

Price spread now: OKX against Lighter−0.218%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.218%, 7d avg −0.108%

Together, before fees+0.090%+ Points / potential airdropLighter: Season 3 · farm board+$9 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 OKX is 0.109% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4458	0.0096	pay 0.0012% / 1h	4m 54s	$156K	$428K	10x
Short	OKX TIA-USDT-SWAP	0.4448	0.0037	get 0.0019% / 4h	4m 54s	$2.8M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.218%Rate

Funding earned: −$12.29
Price spread: −0.218% → −0.108%: −$10.93
Slippage, 4 orders: −$47.02
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$80.24
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Lighter: live order book, 25 min ago; OKX: 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, 25 min ago	2.14 bp	17.2 bp −$17	71.9 bp −$719	304.7 bp −$30.5K	doesn't fit
Sell OKX live order book, 3 min ago	1.13 bp	13.3 bp −$13	47.3 bp −$473	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
GMX TIA/USD [ETH-USDC]	L −0.1333% / S +0.0092%	1h	0.4454	−0.076%	$5K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0093%	1h	0.4442	−0.352%	$51K	$225K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4453	−0.095%	$350K	$211K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4455	−0.061%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4455	−0.061%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4452	−0.128%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAPshort	+0.0037%	4h	0.4448	−0.218%	$2.8M	$6.8M	50x
Lighter TIAlong	+0.0096%	1h	0.4458	long leg	$156K	$428K	10x
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4454	−0.083%	$7K	$228K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4460	+0.049%	$4.8M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4452	−0.131%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4452	−0.128%	$14.1M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4452	−0.128%	$10.2M	$14.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4454	−0.083%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4452	−0.128%	$12.4M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4453	−0.105%	$4.3M	$10.0M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4452	−0.128%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4452	−0.128%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4454	−0.076%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4446	−0.253%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4454	−0.083%	$60K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4449	−0.186%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4453	−0.105%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4452	−0.118%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0237%	1h	0.4450	−0.164%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4457	−0.016%	$1.8M	$719K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4459	+0.029%	$52K	$104K	50x	as long as short