Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.062%

Price spread now: Deribit against MEXC0.000%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TIA_USDT	0.4329	0.0100	pay 0.0050% / 4h	1h 45m	$14.1M	$6.7M	300x
Short	Deribit TIA_USDC-PERPETUAL	0.4329	0	get 0.0000% / 1h	45m 17s	$30K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Deribit: 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 MEXC live order book, 3 min ago	1.16 bp	2.9 bp −$3	8.3 bp −$83	22.2 bp −$2,224	95.5 bp −$47.7K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Kraken Futures PF_TIAUSD	−0.0228%	1h	0.4331	+0.054%	$354K	$242K	50x	as long as short
KuCoin TIAUSDTM	−0.0030%	4h	0.4328	−0.023%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0016%	4h	0.4327	−0.046%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0015%	4h	0.4326	−0.069%	$2.7M	$5.9M	50x	as long as short
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4329	0.000%	$30K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4330	+0.030%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0052%	4h	0.4327	−0.046%	$9.5M	$13.2M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4332	+0.072%	$128K	$351K	10x	as long as short
Variational Omni TIA	+0.0098%	4h	0.4320	−0.206%	$101K	$84K	—	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4328	−0.023%	$5K	$361K	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	0.4334	+0.122%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4329	−0.011%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4329	0.000%	$14.6M	$41.7M	75x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4329	long leg	$14.1M	$6.7M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4327	−0.046%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4328	−0.023%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4330	+0.032%	$100K	$150K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4322	−0.162%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4330	+0.023%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4326	−0.077%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4327	−0.038%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4330	+0.023%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4327	−0.053%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4330	+0.023%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4330	+0.023%	$1.1M	$549K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4330	+0.014%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0650%	1h	0.4329	−0.011%	$51K	$59	10x	as long as short