Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.023%

Price spread now: Reya against MEXC−0.066%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 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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.066% cheaper against MEXC than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TIA_USDT	0.4347	0.0100	pay 0.0050% / 4h	2h 58m	$12.6M	$6.7M	300x
Short	Reya TIARUSDPERP	0.4344	0.0180	get 0.0022% / 1h	58m 30s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.066%Rate

Funding earned: $16.7
Price spread: −0.066% → 0.000%: −$6.61
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $4.09
Costs to cover: 0.060%
Break-even: 5.3 days

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	1.14 bp	3.2 bp −$3	17.6 bp −$176	90.8 bp −$9,081	128.2 bp −$64.1K
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
OKX TIA-USDT-SWAP	−0.0131%	4h	0.4342	−0.115%	$2.8M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0020%	4h	0.4342	−0.115%	$4.2M	$8.8M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4359	+0.272%	$358K	$226K	50x	as long as short
dYdX TIA-USD	0.0000%	1h	0.4334	−0.293%	$51K	$199	10x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4356	+0.207%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4346	−0.026%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0073%	4h	0.4343	−0.092%	$9.5M	$13.0M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4337	−0.235%	$138K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4344	−0.069%	$5K	$359K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4353	+0.133%	$4.6M	$1.6M	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	0.4343	−0.088%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4345	−0.046%	$14.5M	$41.7M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4345	−0.046%	$976K	$1.8M	75x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4347	long leg	$12.6M	$6.7M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4345	−0.046%	$4.5M	$3.3M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4345	−0.046%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4356	+0.205%	$102K	$156K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4348	+0.017%	$102K	$84K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4376	+0.667%	$49K	$232K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4362	+0.345%	$59K	$72K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4332	−0.347%	$54K	$184K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4355	+0.179%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0180%	1h	0.4344	−0.066%	$6K	—	15x
Injective TIA/USDC PERP	+0.0266%	1h	0.4360	+0.299%	$26K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4360	+0.299%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4353	+0.138%	$1.3M	$610K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4346	−0.021%	$35K	—	100x	as long as short