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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0234%/8h= +25.6% APRpaid last 24h +0.027%
Price spread now: Lighter against OKX+0.200%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$650.647% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.200%, 7d avg +0.100%
Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.099% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.100%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TIA-USDT-SWAP0.4354−0.0138get 0.0069% / 4h3h 02m$2.8M$5.9M50x
ShortLighter TIA0.43630.0096get 0.0012% / 1h2m 10s$139K$361K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$49.12
Price spread: +0.200% → +0.100%
$9.94
Slippage, 4 orders
−$54.69
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$5.64
Costs to cover
0.647%
Break-even
7.8 days
Slippage from OKX: live order book, 6 min ago; Lighter: live order book, 62 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, 6 min ago1.14 bp11.8 bp −$1239.9 bp −$399doesn't fitdoesn't fit
Sell Lighter live order book, 62 min ago1.94 bp16.2 bp −$1691.4 bp −$914333.2 bp −$33.3Kdoesn'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−0.0153%1h0.4361+0.164%$358K$226K50xas long as short
OKX TIA-USDT-SWAPlong−0.0138%4h0.4354long leg$2.8M$5.9M50x
KuCoin TIAUSDTM−0.0028%4h0.4357+0.069%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4358+0.092%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4365+0.252%$1K150xas long as short
Bybit TIAUSDT+0.0069%4h0.4353−0.023%$9.5M$12.9M50xas long as short
Lighter TIAshort+0.0096%1h0.4363+0.200%$139K$361K10x
Orderly PERP_TIA_USDC+0.0099%4h0.4359+0.115%$5K$363K10xas long as short
Hyperliquid TIA+0.0100%1h0.4363+0.202%$4.5M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4362+0.189%$34K$239K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance TIAUSDT+0.0100%4h0.4359+0.115%$14.6M$41.5M75xas long as short
Gate TIA_USDT+0.0100%4h0.4357+0.069%$980K$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4359+0.115%$12.8M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4358+0.092%$4.5M$3.2M75xas long as short
BingX TIA-USDC+0.0100%4h0.4356+0.046%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4356+0.044%$102K$156K10xas long as short
Variational Omni TIA+0.0100%4h0.4386+0.728%$103K$84Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4390+0.827%$49K$232K50xas long as short
HTX TIA-USDT+0.0100%4h0.4362+0.184%$58K$68K50xas long as short
Extended TIA-USD+0.0104%1h0.4355+0.017%$54K$184K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4358+0.080%$7K3xas long as short
Injective TIA/USDC PERP+0.0117%1h0.4403+1.125%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0179%1h0.4362+0.192%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4357+0.069%$51K$75K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4377+0.528%$1.3M$600K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0461% / S −0.3505%1h0.4364+0.229%$36K100xas long as short
dYdX TIA-USD+0.0818%1h0.4373+0.442%$52K$19910xas long as short