Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.045%

Price spread now: Injective against MEXC−0.138%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 0.138% cheaper against MEXC than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TIA_USDT	0.4352	0.0100	pay 0.0050% / 4h	3h 32m	$9.3M	$5.6M	300x
Short	Injective TIA/USDC PERP	0.4346	0.0144	get 0.0018% / 1h	32m 37s	$27K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.138%Rate

Funding earned: $9.2
Price spread: −0.138% → 0.000%: −$13.79
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$4.6
Costs to cover: 0.000%
Break-even: 10.5 days

Slippage unknown: MEXC: live order book, 1 min ago; Injective: 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, 1 min ago	1.15 bp	4.5 bp −$4	12.4 bp −$124	66.2 bp −$6,624	142.2 bp −$71.1K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0391%	1h	0.4343	−0.210%	$363K	$233K	50x	as long as short
Backpack TIA_USDC_PERP	−0.0252%	1h	0.4353	+0.032%	$100K	$157K	10x	as long as short
Gate TIA_USDT	−0.0146%	4h	0.4350	−0.046%	$986K	$1.8M	75x	as long as short
ApeX Omni TIAUSDT	−0.0073%	1h	0.4340	−0.276%	$49K	$235K	50x	as long as short
KuCoin TIAUSDTM	−0.0002%	4h	0.4350	−0.046%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4345	−0.161%	$36K	$22K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4345	−0.156%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0057%	4h	0.4348	−0.092%	$2.7M	$5.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4357	+0.115%	$123K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4343	−0.207%	$5K	$357K	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	0.4357	+0.106%	$4.3M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4351	−0.012%	$30K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4350	−0.046%	$14.2M	$41.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4348	−0.092%	$9.5M	$12.8M	50x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4352	long leg	$9.3M	$5.6M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4350	−0.046%	$4.5M	$3.6M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4349	−0.069%	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4339	−0.309%	$100K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4349	−0.069%	$74K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4346	−0.129%	$74K	$154K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4343	−0.218%	$7K	—	3x	as long as short
Injective TIA/USDC PERPshort	+0.0144%	1h	0.4346	−0.138%	$27K	$10K	12x
Reya TIARUSDPERP	+0.0178%	1h	0.4341	−0.262%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4346	−0.138%	$49K	$71K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4347	−0.115%	$965K	$492K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0394% / S −0.2692%	1h	0.4345	−0.166%	$28K	—	100x	as long as short
dYdX TIA-USD	+0.0548%	1h	0.4354	+0.046%	$52K	$59	10x	as long as short