Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.026%

Price spread now: Aster against Reya+0.048%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.048% dearer against Reya than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4362	0.0179	pay 0.0022% / 1h	19m 59s	$6K	—	15x
Short	Aster TIAUSDT	0.4365	0.0100	get 0.0050% / 4h	19m 59s	$34K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$16.6
Price spread: +0.048% → 0.000%: $4.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.76
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 57 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 57 min ago	5.76 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit

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	−0.0194%	4h	0.4360	−0.055%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0163%	1h	0.4367	+0.097%	$359K	$246K	50x	as long as short
KuCoin TIAUSDTM	−0.0026%	4h	0.4363	+0.013%	$4.2M	$8.7M	50x	as long as short
ApeX Omni TIAUSDT	−0.0004%	1h	0.4355	−0.170%	$49K	$235K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4364	+0.036%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4365	+0.064%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4370	+0.162%	$139K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4364	+0.036%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4368	+0.133%	$4.3M	$1.5M	5x	as long as short
Aster TIAUSDTshort	+0.0100%	4h	0.4365	+0.048%	$34K	$268K	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4364	+0.037%	$14.5M	$42.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4363	+0.013%	$9.6M	$13.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4364	+0.036%	$980K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4365	+0.059%	$13.3M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4363	+0.013%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4362	−0.010%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4363	+0.016%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4364	+0.046%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4364	+0.036%	$65K	$44K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4361	−0.029%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4365	+0.048%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0179%	1h	0.4362	long leg	$6K	—	15x
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.609%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4360	−0.055%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4365	+0.059%	$1.2M	$574K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4365	+0.061%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0694%	1h	0.4366	+0.089%	$52K	$59	10x	as long as short