Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against MEXC+0.174%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.174%, 7d avg +0.052%

Together, before fees−0.092%+ Points / potential airdropLighter: Season 3 · farm board−$9 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: Lighter is 0.123% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TIA_USDT	0.4358	0.0100	pay 0.0050% / 4h	1h 02m	$10.4M	$18.6M	300x
Short	Lighter TIA	0.4366	0.0096	get 0.0012% / 1h	2m 05s	$156K	$483K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.174%Rate

Funding earned: −$0.84
Price spread: +0.174% → +0.052%: $12.27
Slippage, 4 orders: −$27.67
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.23
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 36 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 MEXC live order book, 5 min ago	1.15 bp	4.4 bp −$4	10.1 bp −$101	56.5 bp −$5,654	127.0 bp −$63.5K
Sell Lighter live order book, 36 min ago	10.62 bp	10.6 bp −$11	73.0 bp −$730	309.0 bp −$30.9K	doesn't fit

TIA on 27 exchanges

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 −0.6754% / S +0.0274%	1h	0.4360	+0.046%	$5K	—	100x	as long as short
Injective TIA/USDC PERP	−0.0275%	1h	0.4374	+0.367%	$83K	$165K	12x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4360	+0.046%	$32K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4363	+0.105%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0043%	4h	0.4355	−0.069%	$9.6M	$15.1M	50x	as long as short
Kraken Futures PF_TIAUSD	+0.0083%	1h	0.4360	+0.038%	$353K	$253K	50x	as long as short
Lighter TIAshort	+0.0096%	1h	0.4366	+0.174%	$156K	$483K	10x
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4359	+0.023%	$6K	$172K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4366	+0.193%	$4.6M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4360	+0.034%	$24K	$276K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4358	0.000%	$14.0M	$52.3M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4355	−0.069%	$2.7M	$6.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4360	+0.046%	$984K	$1.8M	75x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4358	long leg	$10.4M	$18.6M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4357	−0.023%	$4.1M	$10.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4356	−0.046%	$4.3M	$4.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4357	−0.023%	—	$14.6M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4360	+0.044%	$101K	$184K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4349	−0.199%	$101K	$96K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4358	0.000%	$50K	$221K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4371	+0.298%	$58K	$79K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4355	−0.079%	$55K	$209K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4359	+0.023%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0167%	1h	0.4362	+0.092%	$52K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0183%	1h	0.4355	−0.071%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4360	+0.046%	$1.4M	$828K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4367	+0.207%	$53K	$108K	50x	as long as short