Funding you earn now, next payment 04:00 UTC+0.0265%/8h= +29.0% APRnext payment +$1.32 per $10,000 · paid last 24h +0.022%
Price spread now: Bybit against OKX−0.046%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.046%, 7d avg +0.003%
=Funding pays, the price is against you. Bybit is 0.049% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.003%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.052% in total) that is about 6.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TIA-USDT-SWAP | 0.4382 | −0.0165 | get 0.0082% / 4h | 3h 28m | $2.8M | $5.9M | 50x |
| Short | Bybit TIAUSDT | 0.4380 | 0.0100 | get 0.0050% / 4h | 3h 28m | $9.6M | $12.8M | 50x |
OKX TIA-USDT-SWAP
Bybit TIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $55.6
- Price spread: −0.046% → +0.003%
- −$4.88
- Slippage, 4 orders
- −$33.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$3.33
- Costs to cover
- 0.541%
- Break-even
- 7.4 days
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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 OKX live order book, 5 min ago | 1.14 bp | 12.2 bp −$12 | 39.9 bp −$399 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.43 bp | 13.7 bp −$14 | 37.4 bp −$374 | 220.4 bp −$22.0K | doesn't fit |
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-SWAPlong | −0.0165% | 4h | 0.4382 | long leg | $2.8M | $5.9M | 50x | |
| Kraken Futures PF_TIAUSD | −0.0153% | 1h | 0.4384 | +0.034% | $360K | $226K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0028% | 4h | 0.4379 | −0.068% | $4.2M | $8.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4384 | +0.046% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4382 | +0.004% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4388 | +0.132% | $140K | $359K | 10x | as long as short |
| ApeX Omni TIAUSDT | +0.0098% | 1h | 0.4376 | −0.137% | $49K | $235K | 50x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4382 | 0.000% | $5K | $362K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4388 | +0.146% | $4.5M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4383 | +0.015% | $34K | $249K | 10x | as long as short |
Kraken Futures PF_TIAUSD
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
ApeX Omni TIAUSDT
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4383 | +0.023% | $14.6M | $41.1M | 75x | as long as short |
| Bybit TIAUSDTshort | +0.0100% | 4h | 0.4380 | −0.046% | $9.6M | $12.8M | 50x | |
| Gate TIA_USDT | +0.0100% | 4h | 0.4384 | +0.046% | $983K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4382 | 0.000% | $13.2M | $6.7M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4383 | +0.023% | $4.5M | $3.2M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4383 | +0.023% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4382 | −0.002% | $101K | $153K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4378 | −0.095% | $102K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4381 | −0.023% | $58K | $68K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4380 | −0.039% | $54K | $170K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4383 | +0.023% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0117% | 1h | 0.4383 | +0.023% | $27K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4379 | −0.059% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0256% | 1h | 0.4389 | +0.160% | $51K | $75K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4377 | −0.114% | $1.2M | $578K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0460% / S −0.3505% | 1h | 0.4382 | −0.003% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0997% | 1h | 0.4382 | 0.000% | $52K | $59 | 10x | as long as short |
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD