Funding you earn now, next payment 06:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h −0.076%
Price spread now: Deribit against Reya+0.028%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Deribit is 0.028% dearer against Reya than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya TIARUSDPERP | 0.4372 | 0.0181 | pay 0.0023% / 1h | 4m 24s | $6K | — | 15x |
| Short | Deribit TIA_USDC-PERPETUAL | 0.4373 | 0 | get 0.0000% / 1h | 4m 24s | $30K | $25K | 25x |
Reya TIARUSDPERP
Deribit TIA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. 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
- −$38.03
- Price spread: +0.028% → 0.000%
- $2.75
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$48.28
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Deribit: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Reya and Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit TIA_USDC-PERPETUALshort | 0.0000% | 1h | 0.4373 | +0.028% | $30K | $25K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4375 | +0.070% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0064% | 1h | 0.4375 | +0.073% | $50K | $227K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4378 | +0.137% | $150K | $432K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4374 | +0.050% | $7K | $261K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4381 | +0.206% | $4.7M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4377 | +0.122% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4374 | +0.057% | $13.7M | $47.5M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4373 | +0.028% | $9.8M | $14.0M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4367 | −0.110% | $2.8M | $6.5M | 50x | as long as short |
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
OKX TIA-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TIA_USDT | +0.0100% | 4h | 0.4375 | +0.073% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4376 | +0.096% | $13.2M | $14.2M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4373 | +0.028% | $4.2M | $9.6M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4372 | +0.005% | $4.4M | $3.9M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4372 | +0.005% | — | $103.1M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4375 | +0.085% | $101K | $174K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4376 | +0.090% | $102K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4377 | +0.119% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4371 | −0.030% | $55K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4373 | +0.017% | $7K | — | 3x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0159% / S +0.0052% | 1h | 0.4375 | +0.065% | $6K | — | 100x | as long as short |
| Reya TIARUSDPERPlong | +0.0181% | 1h | 0.4372 | long leg | $6K | — | 15x | |
| Kraken Futures PF_TIAUSD | +0.0191% | 1h | 0.4374 | +0.062% | $347K | $204K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4382 | +0.233% | $25K | $11K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4375 | +0.073% | $1.6M | $706K | 75x | as long as short |
| dYdX TIA-USD | +0.0374% | 1h | 0.4374 | +0.053% | $52K | $139 | 10x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4395 | +0.531% | $47K | $87K | 50x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
Injective TIA/USDC PERP
BloFin TIA-USDT
dYdX TIA-USD
Coinbase International TIA-PERP-INTX