Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.023%

Price spread now: HTX against Reya+0.034%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 HTX

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 · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.034% dearer against Reya than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4404	0.0180	pay 0.0022% / 1h	48m 11s	$6K	—	15x
Short	HTX TIA-USDT	0.4406	0.0100	get 0.0050% / 4h	1h 48m	$59K	$75K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$16.78
Price spread: +0.034% → 0.000%: $3.41
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$31.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

Reya and HTX: 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 26 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
ApeX Omni TIAUSDT	−0.0310%	1h	0.4406	+0.034%	$50K	$233K	50x	as long as short
OKX TIA-USDT-SWAP	0.0000%	4h	0.4402	−0.057%	$2.8M	$6.1M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4407	+0.057%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4407	+0.053%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0008%	4h	0.4402	−0.057%	$4.2M	$9.0M	50x	as long as short
Bybit TIAUSDT	+0.0030%	4h	0.4401	−0.079%	$9.5M	$13.3M	50x	as long as short
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4407	+0.058%	$360K	$208K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4413	+0.193%	$156K	$413K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4404	−0.011%	$5K	$317K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4412	+0.174%	$103K	$84K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4411	+0.157%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4405	+0.011%	$32K	$246K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4406	+0.038%	$14.5M	$42.7M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4406	+0.034%	$991K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4405	+0.011%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4405	+0.011%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4403	−0.034%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4406	+0.025%	$103K	$153K	10x	as long as short
HTX TIA-USDTshort	+0.0100%	4h	0.4406	+0.034%	$59K	$75K	50x
Extended TIA-USD	+0.0104%	1h	0.4402	−0.067%	$56K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4405	+0.023%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0180%	1h	0.4404	long leg	$6K	—	15x
dYdX TIA-USD	+0.0194%	1h	0.4405	+0.011%	$52K	$199	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4430	+0.579%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1194%	1h	0.4406	+0.043%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4405	+0.011%	$26K	$10K	12x	as long as short