TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.024%

Price spread now: Reya against Lighter−0.204%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 Reya

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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.204% cheaper against Lighter than usual: you would sell low and buy high (spread −0.204% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 8.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4395	0.0096	pay 0.0012% / 1h	17m 12s	$155K	$420K	10x
Short	Reya TIARUSDPERP	0.4386	0.0181	get 0.0023% / 1h	17m 12s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.204%Rate

Funding earned: $17.79
Price spread: −0.204% → 0.000%: −$20.37
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$8.58
Costs to cover: 0.060%
Break-even: 10.4 days

Slippage unknown: Lighter: live order book, 28 min ago; Reya: 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, 28 min ago	2.37 bp	15.4 bp −$15	73.8 bp −$738	309.9 bp −$31.0K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
ApeX Omni TIAUSDT	−0.0079%	1h	0.4379	−0.360%	$50K	$230K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4390	−0.109%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4390	−0.109%	$1K	—	150x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4395	long leg	$155K	$420K	10x
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4390	−0.109%	$6K	$248K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4393	−0.034%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4388	−0.150%	$33K	$242K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4387	−0.170%	$13.9M	$43.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4386	−0.200%	$9.8M	$13.6M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4382	−0.291%	$2.8M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4391	−0.086%	$997K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4386	−0.200%	$11.3M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4389	−0.132%	$4.2M	$9.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4391	−0.086%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4389	−0.132%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4388	−0.146%	$101K	$167K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4378	−0.388%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4389	−0.132%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4386	−0.200%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4389	−0.132%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0181%	1h	0.4386	−0.204%	$6K	—	15x
Injective TIA/USDC PERP	+0.0271%	1h	0.4381	−0.314%	$25K	$11K	12x	as long as short
Kraken Futures PF_TIAUSD	+0.0330%	1h	0.4388	−0.149%	$359K	$193K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4385	−0.223%	$1.7M	$719K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4397	+0.050%	$49K	$78K	50x	as long as short
dYdX TIA-USD	+0.0453%	1h	0.4392	−0.059%	$52K	$139	10x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4390	−0.110%	$40K	—	100x	as long as short