Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.037%

Price spread now: Gate against Reya+0.061%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 Gate

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.061% dearer against Reya than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4393	0.0183	pay 0.0023% / 1h	27m 50s	$6K	—	15x
Short	Gate TIA_USDT	0.4396	0.0100	get 0.0050% / 4h	27m 50s	$990K	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.061%Rate

Funding earned: −$17.41
Price spread: +0.061% → 0.000%: $6.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.33
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	5.70 bp	21.8 bp −$22	66.0 bp −$660	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 exchanges

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
GMX TIA/USD [ETH-USDC]	L −0.5395% / S +0.0228%	1h	0.4399	+0.135%	$5K	—	100x	as long as short
Injective TIA/USDC PERP	−0.0224%	1h	0.4393	−0.008%	$83K	$165K	12x	as long as short
Kraken Futures PF_TIAUSD	−0.0085%	1h	0.4394	+0.021%	$349K	$266K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4399	+0.129%	$33K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4399	+0.118%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0026%	4h	0.4396	+0.061%	$9.7M	$14.7M	50x	as long as short
KuCoin TIAUSDTM	+0.0060%	4h	0.4393	−0.008%	$4.1M	$10.7M	50x	as long as short
ApeX Omni TIAUSDT	+0.0067%	1h	0.4394	+0.015%	$51K	$223K	50x	as long as short
Variational Omni TIA	+0.0087%	4h	0.4392	−0.025%	$82K	$116K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4402	+0.197%	$162K	$482K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4398	+0.106%	$6K	$157K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4405	+0.266%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4396	+0.051%	$22K	$304K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4399	+0.129%	$14.2M	$52.0M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4394	+0.015%	$2.7M	$6.9M	50x	as long as short
Gate TIA_USDTshort	+0.0100%	4h	0.4396	+0.061%	$990K	$1.7M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4398	+0.106%	$10.2M	$18.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4393	−0.008%	$4.4M	$4.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4397	+0.083%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4397	+0.093%	$102K	$187K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4399	+0.129%	$59K	$79K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4392	−0.031%	$56K	$206K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4397	+0.084%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0183%	1h	0.4393	long leg	$6K	—	15x
dYdX TIA-USD	+0.0288%	1h	0.4392	−0.030%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4393	−0.008%	$1.4M	$843K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0368%	1h	0.4412	+0.425%	$53K	$111K	50x	as long as short