Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.012%
Price spread now: Hyperliquid against OKX+0.174%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$590.587% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 7 days−0.167%−$17 · spread now +0.174%, 7d avg +0.082%
Together, before fees−0.148%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.092% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TIA-USDT-SWAP0.4309−0.0026get 0.0013% / 4h2h 08m$2.7M$5.8M50x
ShortHyperliquid TIA0.43160.0100get 0.0013% / 1h8m 47s$4.2M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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

Funding earned
$26.42
Price spread: +0.174% → +0.082%
$9.23
Slippage, 4 orders
−$39.68
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$23.04
Costs to cover
0.587%
Break-even
13.1 days
Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago1.16 bp10.1 bp −$1045.5 bp −$455doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.93 bp12.4 bp −$12doesn't fitdoesn't fitdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TIAUSD−0.0390%1h0.4314+0.105%$355K$239K50xas long as short
Gate TIA_USDT−0.0064%4h0.4311+0.046%$994K$1.8M75xas long as short
KuCoin TIAUSDTM−0.0042%4h0.4310+0.023%$4.2M$8.5M50xas long as short
OKX TIA-USDT-SWAPlong−0.0026%4h0.4309long leg$2.7M$5.8M50x
Bybit TIAUSDT−0.0007%4h0.4310+0.023%$9.4M$13.0M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4315+0.139%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4315+0.141%$1K150xas long as short
ApeX Omni TIAUSDT+0.0018%1h0.4315+0.139%$49K$236K50xas long as short
Variational Omni TIA+0.0068%4h0.4308−0.014%$101K$85Kas long as short
Lighter TIA+0.0096%1h0.4316+0.165%$127K$353K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0098%4h0.4312+0.070%$5K$360K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.4316+0.174%$4.2M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4315+0.139%$34K$272K10xas long as short
Binance TIAUSDT+0.0100%4h0.4313+0.082%$14.1M$41.0M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4313+0.093%$9.1M$5.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4310+0.023%$4.4M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4310+0.023%$101.0Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4313+0.088%$100K$151K10xas long as short
HTX TIA-USDT+0.0100%4h0.4312+0.070%$63K$38K50xas long as short
Extended TIA-USD+0.0104%1h0.4310+0.019%$58K$165K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4314+0.104%$7K3xas long as short
Reya TIARUSDPERP+0.0178%1h0.4311+0.047%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0200%1h0.4345+0.835%$48K$72K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4318+0.209%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4314+0.116%$1.0M$540K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0456% / S −0.3505%1h0.4314+0.121%$35K100xas long as short
dYdX TIA-USD+0.0793%1h0.4316+0.154%$51K$5910xas long as short